Uncommon Capital
Private Alternatives Strategies
Our private alternatives solutions deliver differently, with one of the most diversified credit platforms in the industry and access to proven managers with deep sector experience.
We Deliver, Differently.
Alternatives at AB
We Deliver, Differently.
AB’s expansive and growing platform of public and private alternative investment solutions is designed to achieve diverse outcomes for investors. Global scale, financial stability and the quiet strength of one of the world’s largest asset managers: we’re putting it to work…to make a difference for you.
190
Alternative Investment Professionals
$76.7B
Alternative AUM1
40+
Years Managing Alternative Investments
1 As of June 30, 2025
Partnership Culture
Our alternatives teams are committed to a candid, insight-rich and constructive process focused intently on client outcomes. For over 35 years, AB’s collaborative, selfless culture has taken partnership to a different level— with clients and across our investment teams. We’re always on task delivering —no matter the noise.
Versatile Platform
AB’s versatile alternatives platform is built for investment reality and longterm relationships, because markets evolve and objectives change. Our unique spectrum of sophisticated, distinctive strategies—hedge fund solutions and private alternatives—is designed to deliver differently and solve for a continuous stream of new challenges.
Big-Firm Experience
The integrity and operational performance of AB’s alternatives solutions stand on the firm’s global scale, financial stability and quiet strength at every stage of the investment lifecycle. As one of the world’s largest asset managers, with decades of experience, we’ll continue delivering alternatives differently for clients ranging from individual investors to the most sophisticated institutions.
Our Platform
Our Platform
AB’s distinctive hedge-fund and private-market alternatives offer novel ways to achieve income, absolute return or opportunistic goals through accessible structures suited to institutions, wealth advisors and individual investors.
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Private Alternatives
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Hedge Fund Solutions
Select
- Private Alternatives
- Hedge Fund Solutions
Private Alternatives
AB’s versatile private alternatives platform is built to serve longterm relationships as markets evolve and objectives change. Our sophisticated, credit-focused strategies and independent manager structure offer choice, differentiated sourcing and decision-making.
2 As of June 30, 2025
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Opportunistic Credit
Our opportunistic capability is managed by AB CarVal's 80-strong team, with in-market presence across the US, Europe and Asia. For more than 36 years, the team has capitalized on market dislocations in the public and private sectors.
- Opportunistic Credit
- Energy Transition Investments
- Asset-Based Finance
- Transportation
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Corporate Direct Lending
AB-PCI is AB's direct lending platform, offering flexible financing and capital solutions to middle market companies. The sector-focused team has completed more than 560 transactions since 2014.
- Middle Market Corporate Direct Lending
- NAV Lending
- Intermediate Capital Solutions
- Minority Private Equity
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Commercial Real Estate Debt
AB's US and European real estate debt teams are known for flexible capital soluitions and high execution certainty across traditional and alternative property types, and an extensive network of both borrowers and investors.
- Value-Add Loans
- Core and Core-Plus Loans
- Senior/Whole Loans
- Mezzanine Loans
- Preferred/Structured Equity
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Private Placements
AB has been managing private placements since 1971, one of the longest-tenured investors in the US market. The team is widely resourced to focus on credit investing globally, with dedicated analysts in underwriting, restructuring and portfolio management.
- Investment-Grade Private Debt
- Secured and Unsecured
- Corporate and Infrastructure
- Structured Private Debt
Hedge Fund Solutions
AB’s Hedge Fund Solutions leverages the global strength of AB in sourcing best-in-class managers. Developing proprietary quantitative tools and applying advanced AI-driven analytics, the managers offer public-market investors a suite of style-specific liquid portfolios built to capitalize on idiosyncratic return streams.
3 As of June 30, 2025
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Hedge-Fund Strategies
Hedge Fund Solutions provides investors with flexibility with a suite of fundamental, systematic and multi-manager strategies, each targeting absolute return and delivering, differently.
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Fundamental Strategies
Established in 2009, Ab's fundamental alternatives strategies, managed by speacialized teams, capture alpha from equities, targeting absolute return with low net market exposure to mininmize correlation to traditional asset classes.
- Equity Market Neutral Multi-PM
- Equity Long/Short Sector Focused
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Systematic Strategies
More than 20 years of quantitative investing within AB's risk-management culture has produced a sophisticated platform of systematic and AI-enabled platform strategies to harvest returns in the form of hedge-fund risk premia.
- Relative Value/Non-Directional
- Merger Arbitrage
- Soft-Catalyst
- Global Macro
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Multi-Manager Strategies
Invested across diverse hedge-fund strategies, AB's multi-manager capabilities, established in 2012, focus on absolute return with minimal market beta. The investment teams prioritize captial preservation during periods of market stress.
- Relative Value/multi-Strategy
- Global Macro
- Credit Arbitrage
- Event Driven
- Equity Long/Short
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Hedge-Fund Strategies
Hedge Fund Solutions provides investors with flexibility with a suite of fundamental, systematic and multi-manager strategies, each targetting absolute return and delivering, differently.
-
Fundamental Strategies
Established in 2009, AB's fundamental alternatives strategies, managed by specialized terms, capture alpha from equities, targeting absolute return with low net market exposure to minimize correlation to traditional asset classes.
- Equity Market Neutral Multi-PM
- Equity Long/Short Sector Focused
-
Systematic Strategies
More than 20 years of quantitative investing within AB's risk-management culture has produced a sophisticated platform of systematic and AI-enabaled platform strategies to harvest returns in the form of hedge-fund risk premia.,
- Relative Value/Non-Directional
- Merger Arbitrage
- Soft-Catalyst
- Global Macro
-
Multi-Manager Strategies
Invested across diverse hedge-fund strategies, AB's multi-manager capabilities, established in 2012, focus on absolute return with minimal market beta. The investment teams prioritize capital preservation during periods of market stress.
- Relative Value/Multi-Strategy
- Global Macro
- Credit Arbitrage
- Event Driven
- Equity Long/Short
Opportunities for Alternative Income Within Private Credit
Banks are retreating from many forms of lending, creating a tidal wave of opportunities for private credit investors. Learn why partnering with an experienced manager is essential for capturing this unique opportunity.
Featured Products
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AB CarVal Credit Opportunities Fund
Invest in tangible, asset-based investments—the foundation of everyday commerce and industry.
Featured Resources
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We Deliver, to Make a Difference For You.
Important Information
Alternative investments involve a high degree of risk and are designed for investors who understand and are willing to accept these risks.
There can be no assurance that any alternative investment strategy will achieve its investment objectives. A more detailed discussion of risk factors can be found in the applicable offering document(s), which you should read carefully before you decide to invest.
For use by Professional Clients only. Not for inspection by, distribution or quotation to, the general public.
1 AUM figures represent AB’s Private Alternative strategies and its Hedge Fund Solutions business. AUM includes leverage where applicable and is comprised of fee-earning AUM and fee-eligible AUM. Fee-earning AUM includes those assets currently qualified to generate management fees. Fee-eligible AUM includes committed capital that is currently uncalled or recallable. The figure is preliminary.
2 Total AUM also includes AB Energy Opportunities, which is not shown in the pie chart. All dollar figures refer to US Dollars. Total may not sum due to rounding. When AB reports its AUM publicly it excludes levered capital and does not include uncalled capital commitments. The above AUM figures only represent AB’s Private Alternative strategies and not its Hedge Fund or FOF business.