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Xa Investments
XA Investments LLC (XAI) is a Chicago-based investment manager and product design consultant that provides innovative solutions. It was founded to provide...
Xa Investments
XA Investments LLC (XAI) is a Chicago-based investment manager and product design consultant that provides innovative solutions. It was founded to provide investors with access to institutional-caliber alternative investments and has approximately $763 million in assets under management as of March 31, 2026. Through its registered closed-end fund structuring and consulting practice, XAI serves clients in engagements ranging from full product builds to marketing services.
General information
Firm type
Generalist
Year founded
2016
Location
Region
North America
Country
United States
City
Chicago
Corporate office
Chicago, IL, United States
Principals
Kimberly G. Flynn
Managing Partner, President
Benjamin H. Silver
Managing Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Xa Investments?
Xa Investments does not employ a centralized chief investment officer making top-down allocations. The firm identifies and monitors third-party institutional managers, who then serve as sub-advisors to each registered fund. Kimberly Flynn and Benjamin Silver, the firm's managing partners, oversee manager selection, product structuring, and distribution.
Does Xa Investments participate in fund commitments or only direct deals?
Xa's registered funds invest directly into underlying portfolios managed by sub-advisors. The underlying strategies frequently involve direct lending, real estate debt, and structured credit, but Xa itself does not write checks as a limited partner into third-party commingled funds. The exposure is achieved through the sub-advisory arrangement.
What investment structures does Xa Investments typically target?
Xa specializes in continuously offered closed-end interval funds and tender-offer funds registered under the Investment Company Act of 1940. These vehicles provide periodic liquidity at net asset value while holding less-liquid credit and real-asset portfolios.
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