Future Standard

What they fund

Future Standard funds a diverse range of assets within the U.S. middle market:

• Private Equity: Direct, secondary, and primary investments in buyout, venture capital, growth equity, and special situations [1].
• Credit: Senior, junior, opportunistic, and liquid credit, as well as credit secondaries [1].
• Real Estate: Debt and equity capital solutions for commercial real estate [1].
• Infrastructure: Flexible capital solutions for companies building and managing digital infrastructure [1].
• Multi-Asset: Alternative strategies across equities, credit, commodities, and currencies [1].

Investment thesis

Future Standard operates as a global alternative asset manager focused on the U.S. middle market, driven by a philosophy to "uncover what others overlook" and challenge convention to find hidden opportunities [1]. The firm leverages specialized expertise and trusted relationships to solve complex investment needs, aiming to deliver attractive, differentiated opportunities that optimize client portfolios through disciplined execution [1].

• Private Equity: Builds long-term partnerships with leading and emerging sponsors, providing a single entry point to direct, secondary, and primary investments across buyout, venture capital, growth equity, and special situations [1].
• Credit: Delivers tailored financing solutions across the capital structure (senior, junior, opportunistic, liquid credit, and credit secondaries) to fuel the growth of private U.S. middle market companies, with a relentless focus on capital preservation [1].
• Real Estate: Provides debt and equity capital solutions for commercial real estate, leveraging over 20 years of experience to source high-quality investments and generate strong returns [1].
• Infrastructure: Partners with proven operators in sectors with durable secular tailwings to deliver strong risk-adjusted returns, focusing on America's digital infrastructure [1].

Credibility: The firm's website outlines its platforms, strategies, and core philosophy, detailing its focus on the U.S. middle market and its diverse capabilities across private equity, credit, real estate, and infrastructure [1].

Value add

Future Standard offers:

• Specialized Expertise: Deep private markets expertise to design innovative investment solutions [1].
• Trusted Relationships: Leveraging long-standing relationships to source high-quality investments [1].
• Disciplined Execution: A focus on delivering attractive, differentiated opportunities [1].

Fit verdict: Future Standard is a strong fit for institutional and private wealth clients seeking diversified access to the U.S. middle market through a single, trusted partner.

Founder diligence script:

• How does Future Standard's employee-owned structure influence its investment decision-making and alignment with clients?
• What specific criteria does the credit platform use to balance strong returns with a relentless focus on capital preservation?
• How does the firm leverage its global network of 14 offices to source and support U.S. middle market investments?
• What role does Future Standard play in the operational growth of its private equity portfolio companies?
• How does the firm navigate the evolving landscape of private credit, particularly in light of recent market dynamics?

Portfolio focus

Future Standard's portfolio is not explicitly detailed in the provided documents, but its platforms suggest a focus on:

• Private Equity: Leading and emerging sponsors in the U.S. middle market [1].
• Credit: Private U.S. middle market companies across the capital structure [1].
• Real Estate: Commercial real estate sponsors and borrowers [1].
• Infrastructure: Proven operators in digital infrastructure sectors [1].

Notable investments & exits

Future Standard's notable exits are not explicitly detailed in the provided documents. However, as a global alternative asset manager with a focus on the U.S. middle market, it likely has a track record of successful exits across its platforms.

Strategic implications

Future Standard's employee-owned structure is a significant differentiator, aligning the firm's interests with its clients and fostering long-term decision-making. The firm's focus on the U.S. middle market provides a specialized niche, allowing it to leverage deep expertise and trusted relationships to solve complex investment needs. Future Standard's diverse platforms (private equity, credit, real estate, infrastructure, multi-asset) offer a comprehensive solution for institutional and private wealth clients, reducing the need for multiple managers.

Where they could go further

Future Standard could enhance its visibility in the venture capital space by highlighting specific portfolio companies and exits. The firm could provide more detailed information on its investment process and decision-making criteria to build trust with potential clients. Future Standard could explore opportunities to leverage its global network of 14 offices to source international investments for its U.S. middle market focus.