CAZ Debuts Fund for Individuals to Back Private-Asset Firms

Houston-based CAZ oversees $11 billion of assets.

Photographer: Kirby Lee/Getty Images

Alternative money manager CAZ Investments launched a fund for individuals that will take stakes in private-asset firms, a niche strategy that’s gathering momentum amid a secondaries boom.

The CAZ GP Stakes Fund will offer quarterly redemptions and daily subscriptions, CAZ said in a statement Tuesday. It won’t charge performance fees.