Private Wealth

Who We Are

Value Feeder Funds is Israel’s largest and most distinguished feeder fund company, specializing in granting qualified investors exclusive access to the world’s top investment funds. We provide advanced investment solutions crafted by top-tier global managers, tailored to meet the sophisticated needs of our private investors.

Our Unique Advantages

  • Global Network and Expertise: Our expansive international network and decades of experience enable us to partner with the world’s most prominent investment managers.
  • Specialized Fund Selection: Our dedicated research team employs a specialized methodology to meticulously select funds for our portfolio.
  • Comprehensive Lifecycle Services: We offer end-to-end services throughout each fund’s lifecycle, including operations, regulatory compliance, taxation, and more, tailored precisely to client needs.
  • Flexible Investment Structure: Our innovative feeder structure provides remarkable flexibility with a low investment entry threshold.
  • Exclusive Partnerships: We exclusively collaborate with the investment funds we represent, ensuring focused and reliable partnerships.

Private Credit

Our research department and investment committee have developed rigorous parameters for selecting the credit funds we represent:

  1. Senior Debt Focus: Emphasis on senior debt with variable interest rates, enhancing financial stability.
  2. Global Issuance: Issuance of debt to companies with a robust global presence to mitigate geographic risk.
  3. Sponsor-Led: Ensuring portfolio companies are backed by at least one major private equity fund, providing solid sponsor support.

These guidelines are designed to enhance loan security and maintain a stable loan portfolio.

Private Equity

We apply stringent criteria when choosing the equity funds we represent:

  • Strategy Focus: Prioritizing secondary and co-investment strategies for diversified exposure.
  • Geographic Diversity: Ensuring broad geographic distribution to spread investment risk.
  • Manager and Investor Diversity: Collaborating with a diverse range of investment managers and investors.
  • Sector Diversification: Investing across a minimum of five different economic sectors.
  • Vintage Year Diversity: Maintaining a range of vintage years for balanced portfolio performance.

These criteria are crafted to achieve superior returns while responsibly managing investment risk.

Portfolio Funds

Private Credit

Name: Value VCOP

Fund Manager: Goldman Sachs

Vintage Year: 2025

Asset Class: Credit Opportunistic

Strategy: Credit Secondaries & Portfolio Financing

Goldman Sachs’ Vintage Credit Opportunity Partners (VCOP) is the firm’s first fund dedicated exclusively to credit secondaries and portfolio financing. Building on more than 14 years of credit investing expertise within the Vintage platform, VCOP is structured to capitalize on dislocations and evolving opportunities in the secondary credit market through a flexible and opportunistic investment strategy.

The fund benefits from the scale, infrastructure, and deep relationships of the broader Vintage platform, which has deployed over $70 billion in committed capital across more than 670 closed transactions, with an average deal size of $100 million. As the third-largest secondary investor globally, Vintage brings institutional strength and a differentiated point to sourcing, underwriting, and executing complex credit transactions.

VCOP’s strategy is designed to adapt to shifting market dynamics while targeting compelling relative value opportunities across the credit landscape

Name: Value ASF IX

Fund Manager: Ardian

Vintage Year: 2024

Asset Class: Infrastructure

Strategy: Infrastructure Secondaries

ASF IX Infrastructure by Ardian is the world’s largest infrastructure-focused secondary fund, underscoring Ardian’s leadership and scale in the private markets. The fund targets one of the most resilient and high-growth sectors – infrastructure, which offers built-in inflation protection, lower portfolio volatility, and a compelling risk-adjusted return profile.

ASF IX builds on Ardian’s disciplined investment strategy by acquiring secondary interests in high-quality infrastructure funds managed by leading blue-chip GPs. The portfolio benefits from the natural diversification that secondaries provide—spanning multiple vintages, managers, and assets while maintaining a focus on core sectors such as digital infrastructure, utilities, transportation, renewable energy, energy transition, and social infrastructure.

Through its scale, access, and deep industry relationships, ASF IX is uniquely positioned to capitalize on global opportunities across the infrastructure landscape, delivering value and stability.

Name: Value KRE

Fund Manager: Klirmark Capital

Vintage: 2024

Asset Type: Real Estate

Strategy: Real Estate Senior Debt

Value KRE brings together institutional-grade credit expertise and deep specialization in the U.S. residential real estate, with a focus on disciplined risk management and capital preservation. The fund targets high-quality real estate debt opportunities in the US residential sector —an asset class historically financed by banks but now increasingly accessible to private credit providers as traditional lenders retrench. In today’s market environment, characterized by elevated interest rates and tighter credit conditions, U.S. residential real estate loans secured by first-lien collateral are offering attractive, double-digit risk-adjusted returns. Value KRE is positioned to capitalize on this dislocation, while maintaining a strong emphasis on downside protection and rigorous underwriting standards.

Name: Viola Credit ALF III

Fund Manager: Viola

Vintage: 2023

Asset Type: Venture Capital

Strategy: Venture Debt

Viola’s third global fund focuses on a technology asset-backed credit strategy. It operates exclusively in developed markets and specializes in providing senior credit secured by assets and cash flows to finance credit portfolios issued by advanced fintech platforms. The fund’s extensive access to off-market transactions enables it to secure optimal terms.

Name: Value Carlyle Direct Lending IV

Fund Manager: Carlyle

Vintage: 2022

Asset Type: Private Credit

Strategy: Direct Lending

Carlyle’s flagship debt fund provides lending, primarily senior debt backed by assets with variable interest rates. It targets stable companies with private equity sponsors (companies owned or controlled by private equity firms) with EBITDA ranging from $25 million to $100 million and an average loan-to-value (LTV) ratio of up to 50%. The fund’s structure is open for quarterly investments and allows redemption requests within established limits, following a 2-year lock-up period.

Equity Funds

Name: Israel Secondary Fund lll

Fund Manager: ISF

Vintage: 2021

Asset Type: Private Equity

Strategy: Secondaries

ISF fund is a private equity fund that operates in secondary strategies in the private market in Israel. The fund specializes in purchasing positions from existing investors, such as employees, founders and early investors. In addition, the fund provides financing solutions for growth, such as conversion loans and additional capital investments, in accordance with the needs of the acquired company and aims to provide exposure to mature Israeli technology companies with high growth potential.

Name: Carlyle Partners VIII

Fund Manager: Carlyle

Vintage: 2021

Asset Type: Private Equity

Strategy: Buyout

Carlyle’s flagship private equity fund focuses on buyout investments that offer full or joint control. Continuing the strategy employed in its previous funds (V-VII), this fund plans to invest over approximately six years, targeting 15-20 companies with individual investments ranging from $300 million to $2 billion.

Name: Coller International Partners VIII

Fund Manager: Coller

Vintage: 2020

Asset Type: Private Equity

Strategy: Secondaries

Coller Capital, as a leader in the secondary strategy, continues its legacy with its eighth fund. The firm has maintained a consistent focus on acquiring secondary positions in private equity assets, ensuring comprehensive diversification and providing liquidity solutions for sellers facing complex needs.

Name: Coller International Partners IX

Fund Manager: Coller

Vintage: 2023

Asset Type: Private Equity

Strategy: Secondaries

Coller Capital, a pioneer in the secondary strategy, is recognized as one of the largest global investors in this field. Over the past 30 years, Coller has consistently implemented a strategy focused on acquiring secondary positions in private equity assets. This approach ensures diversification across asset types, vintage years, economic sectors, base asset managers, and portfolio companies. The firm specializes in providing solutions for sellers with complex liquidity needs.

Name: Stepstone Private Markets

Fund Manager: SPRIM

Vintage: 2023

Asset Type: Private Equity

Strategy: Multi-Strategy

The SPRIM Fund is an open-ended private equity fund (Evergreen) primarily focused on co-investment and secondary strategies. It offers global exposure and broad diversification across sectors, managers, and core assets in private markets. The fund allows for monthly inflows and quarterly redemptions within its established limits.

Meet the People

"Our team and shared values are central to our competitive advantage. We uphold the highest standards of professionalism, fairness, and transparency, anchored by a commitment to exemplary corporate governance."

Rami Dror

Managing Partner

Uri Aldubi

Managing Partner

Noam Bracha

Managing Partner

Tzippy Zalmanovich

Managing Partner

Inbar Steiner

Managing Partner

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