SECOND ALPHA PARTNERS

other names
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Adviser Profile
As of Date 03/26/2024
Adviser Type - Large advisory firm
Number of Employees 8 14.29%
of those in investment advisory functions 6 20.00%
Registration SEC, Approved, 7/29/2021
Other registrations (1)
Former registrations

SECOND ALPHA PARTNERS, LLC

AUM* 396,518,349 22.90%
of that, discretionary 396,518,349 22.90%
Private Fund GAV* 396,518,349 22.87%
Avg Account Size 56,645,478 58.01%
SMA’s No
Private Funds 6 2
Contact Info 212 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
323M 277M 230M 184M 138M 92M 46M
2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count6 GAV$396,518,349

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Brochure Summary

Overview

Second Alpha Partners, LLC (“Second Alpha” or the “Firm”) is an investment adviser with a principal place of business in New York, NY. Second Alpha commenced operations as an investment adviser in 2012. Richard Brekka and James Sanger (collectively, the “Managing Partners”) are the principal owners of Second Alpha. Second Alpha provides investment advisory services to private investment vehicles (each a “Fund” and collectively the “Funds”). The Managing Partners have the ultimate responsibility for the management, operations and the decisions made by Second Alpha. Second Alpha provides investment management services to its Funds pursuant to investment guidelines within the relevant limited partnership agreement, and/or other such agreements (collectively, “Governing Documents”). The Funds rely on an exemption from registration under the Investment Company Act of 1940, as
amended (the “Investment Company Act”), pursuant to Section 3(c)(1) and 3(c)(7), as defined in each Fund’s Governing Documents. In addition, Second Alpha has provided certain investors or other persons, including persons associated with the Firm, the opportunity to participate in co-invest vehicles, as permitted by the Funds’ Governing Documents and on terms Second Alpha deems appropriate. The Firm considers these co-investment vehicles, together with the Funds, “Clients.” Second Alpha does not tailor its services to the individual Fund investors or provide investors with the right to specify, restrict, or influence the Funds’ investment objectives or any investment decisions. Second Alpha does not participate in wrap fee programs. As of December 31, 2023, Second Alpha managed $396,518,349 in regulatory assets under management, all of which are managed on a discretionary basis.