Xponance Alts Solutions (XAlts) is an investment advisor that manages the Xponance Diverse Opportunities Fund, LP. The fund invests in minority stakes in alternative asset advisors and their funds. XAlts has discretionary authority to manage the fund's investments. The firm is indirectly owned by Xponance LLC, a multi-platform asset manager.
Xponance Alts Solutions is compensated for its advisory services to the Fund in the form of an asset management fee. The initial fees for investors who closed during the initial investing period were 1.4% to 1.5%, depending upon the timing of their investment. Later investors pay a Management Fee of 1.75%. The General Partner will also be paid a performance fee.