Allocation Advisory
Ibis operates one investment strategy, delivered through three engagement models. The advisory engagement extends the same sourcing pipeline, underwriting process, and portfolio construction work that drives the Ibis strategy to institutions building direct real-asset portfolios on their own.
The advisory engagement allows an internal team to scale beyond its current capabilities. It is the ongoing application of Ibis's deal flow, financial modeling, and strategy to the client's allocation and structure, whether an insurer or a family office's alternates program. Offered as an annual retainer rather than a permanent structure.
Aggregate Operator Network
The track record of our operating partners across real asset strategies.
Achieved independently, reported directly by each operator.
Operator track record data has been provided directly by each operator partner and has not been independently audited. These results were achieved independently by the operators and are not investments of Ibis Capital or any fund it manages. Past performance is not indicative of future results. Operator identities and detailed references are available upon request during formal due diligence. Avg. Realized MOIC reflects realized exits only and excludes unrealized holdings.
Who This Is Built For
Insurers.
Life, annuity, and property & casualty carriers with general account assets between $300M and $2B, including FHLB members and carriers evaluating membership. Most have an internal investment function but limited dedicated real-assets resourcing.
Family offices and private capital.
Single-family offices and committee-governed pools building direct real-asset exposure, or pressure-testing the sector before committing fund capital. Ibis supplements an internal team rather than replacing it.
A scalable path into real assets, grounded in direct experience. Offered as a resource rather than a capital commitment.
What the Engagement Includes
Four core capabilities, scoped to each client's existing infrastructure. Engagements draw on the subset relevant to the client's balance sheet, return objectives, and internal team.
Transactions sourced against the client's allocation plan, drawn from the same pipeline that feeds the Ibis strategy. Each opportunity comes with an underwriting memo, operator diligence, and investment recommendation. The client retains full discretion.
Portfolio construction calibrated to the client's return objectives, liquidity profile, and liability structure. Sizing, sector diversification, and deployment pacing, with modeling refreshed as market conditions and the client's balance sheet evolve.
For insurance clients, an alternative real-assets sleeve modeled against the existing fixed income portfolio. Cash-on-cash yield pick-up, statutory accounting treatment, and risk-based capital implications quantified at the portfolio level. The objective is a clear picture of what the allocation contributes to net investment income.
For FHLB member insurers, the design and planning of an advance-funded alternative investment program. Spread analysis, collateral and liquidity considerations, and deployment pacing coordinated with the broader allocation plan and the member's borrowing capacity.
How Engagements Are Structured
Advisory engagements are annual retainers, billed quarterly in arrears. Scope is tailored to the client's internal capabilities, balance sheet complexity, and the cadence of investment committee or board involvement required.
The typical starting point is a thirty-minute conversation to understand the client's existing allocation, internal team, and objectives. From there, Ibis proposes a scope and fee appropriate to the engagement.