The Alternative You’ve Been Looking For.
Taking the Private out of Private Equity
The Third Wire / Morningstar PitchBook US Buyout Replication Index Fund1 is a private investment vehicle based on the Morningstar PitchBook Buyout Replication Index.
The index is the exclusive property of Morningstar, Inc., which does not sponsor, endorse, or promote this fund.
Your Guide to Alternative Investments
You shouldn’t have to take a DIY approach to alternative investments. Let us help.
Access
Access to a highly select group of managers and strategies we believe have a unique edge, offered in structures that put the client first.
Support
Support across due diligence, portfolio modeling & construction, administration & reporting, including a full OCIO solution.
Education
Stay informed and up to date on the latest research and thinking. Including direct access to portfolio managers and product specialists.
“The individual investor should act consistently as an investor and not as a speculator.”
-Benjamin Graham
The “Problem” With Alternative Investments?
TLDR: In our view, the problem with alternative investments isn’t that they’re becoming more accessible to more investors or that technology is helping to make the process of investing easier than it’s ever been—it’s that our industry is becoming an echo chamber of pundits and asset gatherers who see investors as dollar signs, instead of as real people with real investment goals.
Read our recent paper: Here.
Frequently Asked Questions
Q: How is Third Wire different from other alternative investment platforms?
A: We manage a variety of multi-strategy and multi-manager funds designed with transparent fees and accessible minimum investments. We provide both liquid and illiquid investment options, covering a diverse spectrum of styles, strategies, and risk profiles. Importantly, we do not engage in ‘pay-to-play’ practices with managers. Our due diligence on underlying managers is thorough and conducted in-house. We take pride in our careful selection of managers and stand behind our decisions. Ask the other platforms if they do the same.
Q: What does Third Wire do?
A: We are a registered investment advisor (RIA) specializing in managing a diverse range of alternative investment products and service solutions. Our focus is to assist advisors and family offices in seamlessly integrating alternative investments into their client portfolios. It’s important to note that we exclusively serve advisors and family offices, and we do not offer direct access to individual investors.
Q: What kind of support does Third Wire offer?
A: We provide comprehensive education and dedicated support throughout the entire investment journey. With a strong background as experienced fiduciaries, specializing exclusively in alternative investments, we focus solely on guiding wealth managers through the intricacies of the alternative investment industry and helping to improve their odds of success.
Q: What are the benefits of using Third Wire?
A: By partnering with us, wealth managers can easily provide a full service alternative investment offering to their clients that is supported by a highly experienced team of industry veterans from leading firms. Additionally, we provide access to the latest industry research and insights. Third Wire supplements this with user-friendly technology and tools that streamline portfolio analysis, the investment process, monitoring, and client management.
Q: Can Third Wire create custom solutions?
A: Yes. We develop alternative investment solutions to help wealth managers enhance their practice, deepen client relationships, and grow their HNW client base. Our capabilities allow you to meet client-specific objectives by tailoring our existing offerings to them or by building something entirely new. We also provide an Outsourced Chief Investment Officer (OCIO) solution for organizations seeking to develop and manage their own alternative investment program.
Q: Can Third Wire Act as our CIO?
A: Yes. We provide an Outsourced Chief Investment Officer (OCIO) solution for organizations seeking to develop and manage their own alternative investment program.
110 North Wacker Drive, Ste 2500, Chicago, IL 60606 I info@thirdwiream.com
©2025 Third Wire Asset Management, LLC. All Rights Reserved.
Important Disclosures
1. The Morningstar Indexes are the exclusive property of Morningstar, Inc. Morningstar, Inc., its affiliates and subsidiaries, its direct and indirect information providers, and any other third party involved in, or related to, compiling, computing, or creating any Morningstar Index (collectively, “Morningstar Parties”) do not guarantee the accuracy, completeness, and/or timeliness of the Morningstar Indexes or any data included therein and shall have no liability for any errors, omissions, or interruptions therein. None of the Morningstar Parties make any representation or warranty, express or implied, as to the results to be obtained from the use of the Morningstar Indexes or any data included therein.
The Fund seeks to replicate certain characteristics of private equity buyout strategies but may not achieve the same results. Past performance is not indicative of future results. Investments are subject to risk, including loss of principal. Investments in public equities may involve significant risks, including market volatility, economic uncertainty, and potential deviations from the Fund’s intended strategy. There is no guarantee that the Fund will achieve its investment objectives.
The Fund is a private offering and is not registered under the Investment Company Act of 1940 or the Securities Act of 1933. As such, it is not subject to the same regulatory requirements as registered investment vehicles. Fees and expenses associated with the Fund may impact overall performance. Investors should review the private placement memorandum for a detailed description of fees and costs.
This document is for informational purposes only and may be shared with the general public under Rule 506(c). Any offer to invest is made exclusively through the Fund’s private placement memorandum or other authorized offering documents and is available only to verified accredited investors. Verification of accredited investor status is required prior to any investment. The Fund is offered pursuant to Rule 506(c) of Regulation D, allowing for general solicitation; however, investment is limited to verified accredited investors.
The Index uses advanced AI methodologies, including Long Short-Term Memory (LSTM) neural networks, to guide security selection and leverage adjustments. The effectiveness of these methodologies is not guaranteed and may be impacted by unforeseen factors or market conditions.
This document may contain forward-looking statements regarding the Fund’s strategy or expected performance. These statements are subject to risks and uncertainties that could cause actual results to differ materially.