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A. General Description of Advisory Firm.
Aksia LLC (“Aksia”), a Delaware limited liability company, is a research and advisory firm
with its principal place of business in New York, New York. Aksia commenced operations as an
investment advisor in October 2006 and has been registered with the SEC since March 22, 2007.
Aksia is 100% owned and controlled by its 15 equity members who are identified on Schedule A of
Form ADV.
B. Description of Advisory Services (including any specializations).
Aksia provides institutional investors with portfolio advisory services on alternative investment
strategies. Aksia also provides certain clients (“Research Clients”) with non-advisory research
services.
For purposes of this brochure, the term “Clients” shall mean Aksia’s (i) general advisory clients to
which Aksia does not provide “continuous and regular supervisory or management services” as
such term is defined in the instructions to Form ADV (collectively, the “Advisory Clients”) and (ii)
discretionary and non-discretionary advisory clients to which Aksia provides continuous and regular
supervisory or management services (collectively, the “Investment Management Clients”). Aksia
tailors its advisory services to each Client’s specific guidelines. For the sake of clarity, the term
“Clients,” as used in this
brochure, does not include Research Clients.
C. Availability of Tailored Services for Individual Clients.
Aksia views each Client relationship as unique and therefore seeks to customize its services to address
each Client’s individual investment objectives, guidelines and constraints. As such, Aksia provides
advice that is tailored to a Client’s respective investment policy statement, advisory agreement,
investment management agreement, or customized private placement memorandum. For example,
some Clients have liquidity constraints, diversification constraints, mandated sector allocation ranges,
and/or prohibitions from investing in certain types of securities. Aksia considers such restrictions
prior to making any recommendations or decisions.
D. Wrap Fee Programs.
Not applicable.
E. Client Assets Under Management.
As of December 31, 2023, Aksia had $19,620,032,138 of Investment Management Client regulatory
assets under management, of which $12,345,595,499 was managed on a discretionary basis
and $7,274,436,639 was managed on a non-discretionary basis. For the purpose of calculating
regulatory assets under management, Aksia excluded the assets of its Advisory Clients and Research
Clients.
In addition, Aksia has approximately $255 billion in assets under advisement, attributable to Aksia’s
Advisory Clients.