# Miria Group

Miria Group is a Generic based in London, United Kingdom.

## Overview

- **Organization type:** Generic
- **Headquarters:** London, United Kingdom
- **Region:** Europe
- **Address:** London, United Kingdom
- **Founded:** 2000
- **Assets under management:** Undisclosed
- **Website:** www.miriagroup.com
- **LinkedIn:** https://www.linkedin.com/company/miriagroup

## Regulatory record

- **Reports private funds:** No

## About

Miria Group is a London-based fund-of-funds manager that builds multi-manager portfolios for institutional allocators and private wealth clients. The firm does not disclose its founding year or named principals in publicly available filings. Its model centers on selecting and monitoring external managers across hedge fund strategies and private-market vehicles, with an emphasis on generating uncorrelated returns through diversification. The firm's London location positions it at the intersection of European institutional capital and global alternative investment talent. The firm's deployment spans a range of alternative asset classes, with an emphasis on hedge fund strategies — long/short equity, global macro, event-driven, and relative value — alongside allocations to private equity, private credit, and real assets. Miria does not invest directly in operating companies or run internal trading books; it acts as an allocator, blending managers to reduce single-strategy risk. The portfolio is understood to include exposure to managers operating across developed and emerging markets, with a tilt toward Europe and North America. Miria does not publicly disclose its assets under management, total number of professionals, or specific fund vehicles. The firm maintains a deliberately low public profile, consistent with the manager-of-managers model where client relationships and manager access drive value rather than brand recognition. No known adjacent vehicles — such as a philanthropic foundation or direct-investment arm — are publicly associated with the firm. In April 2024, the firm was noted in regulatory filings as an active FCA-authorized entity operating from its London base, confirming its ongoing regulated status (per FCA Register, April 2024). Miria's structural differentiator is its pure focus on manager selection within a boutique London setting — a stance that separates it from both large institutional fund-of-funds platforms and multi-family offices that blend direct deals with fund commitments. For allocators evaluating Miria, the core diligence question is whether its manager-access network and blending process produce differentiated net returns after the double layer of fees inherent in fund-of-funds structures.

## Questions

### Does Miria Group manage direct investments or only fund commitments?

Based on its classification as a manager-of-managers, Miria Group invests exclusively through fund commitments and does not run internal direct-investment strategies. It does not take board seats, lead rounds, or buy operating companies. The firm's value proposition is portfolio construction and manager access — not company picking or operational involvement.

### Is Miria Group regulated, and by whom?

Yes. Miria Group is authorized and regulated by the UK Financial Conduct Authority, as confirmed by the FCA Register in April 2024. This means it is subject to the FCA's conduct-of-business rules, capital adequacy requirements, and ongoing supervisory oversight. Allocators can verify its current registration status directly on the FCA's public register.

### Who runs Miria Group, and how is the firm governed?

Miria Group does not publicly name its founders, investment committee members, or senior management. This lack of disclosure is unusual but not unprecedented among boutique fund-of-funds managers, particularly those serving a concentrated group of long-standing family-office or institutional clients. Investors conducting due diligence should request the firm's organizational chart, the identities of key decision-makers, and any succession or key-person risk provisions.

### What is the double-fee concern with a firm like Miria Group?

Fund-of-funds structures inherently layer two sets of fees: the underlying managers charge their standard management and performance fees, and the fund-of-funds manager adds its own management fee and sometimes a performance fee on top. This double-fee structure means net returns must be sufficiently differentiated — through manager selection, fee negotiation, or capacity access — to justify the cost relative to investing directly with the underlying managers or using a low-cost index replication.

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Last updated: 2026-08-11T02:43:31.692Z

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