Stenham Asset Management

Stenham engages in both fund commitments and direct investments. It acts as a fund-of-funds allocator in hedge funds and private credit, while also pursuing direct co-investments in real estate, infrastructure, and private equity. The proportion between fund and direct exposure adjusts based on market conditions.

Stenham targets later-stage and mature opportunities across its core asset classes, including private credit, infrastructure, and real estate. It also allocates to hedge funds that employ a variety of strategies. The firm tends to favor established managers and sponsors over early-stage or venture investments.

Stenham has not publicly stated any sector restrictions, but its disclosed activity focuses on liquid and illiquid alternative assets rather than early-stage venture, cryptocurrencies, or public equity long-only strategies. The firm's portfolio is built around diversifying risk across alternative asset classes.