Alpha Wave Global, LP
Alpha Wave is an alternative asset manager that operates across private equity, private credit, and insurance and retirement solutions.
- Regulatory AUM
- $27B
- PE fund assets
- $19B
- PE funds
- 12
- Investments held
- 2 of 170
- Deals, last 12 months
- 1
14 additional team members, 190 additional funds, deals and LP commitments, 7 events
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- Form Dnew offering
Filed a Form D on 28 Jul 2026, the first public sign that a vehicle is taking commitments.
A vehicle in market is when LPs and placement agents can still get in.
- +1fund on Form ADV
Private equity funds on its Form ADV went from 11 to 12 (+1).
New vehicles are a new flagship's feeders, parallels and co-invest sleeves being stood up: capacity arriving before the capital is announced.
People to know
View all people- Co-Founder, Chairman & Chief Executive OfficerWhy: Founder of the firmProfile
- Co-Founder And PartnerWhy: Founder of the firmProfile
- PresidentWhy: Runs the firm (chief executive or president)Profile
Capital path
who backs this record, through what, into what; each name opens its own path- Alpha Wave Ventures II, LPvintage 2021
- Alpha Wave Ventures, LPvintage 2020
- Falcon Ci IV, LPvintage 2019
Alpha Wave Global, LP- Auerbach Grayson & Company LLCplacement agent, 1 shared
Relationship network
206 connected entities2 observed dealsdeals 2026
From announced deals and their parties, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the private equity graph. Dollar figures appear only where a source disclosed one.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the deals and sources behind it. Line weight is deals together; dashed lines are inferred.
- Company
- Service provider
- Fund or vehicle
- Person
›How strength and recency are read
Strength is read from the deals: three or more is a strong observed relationship, two a repeat counterparty, one a single interaction. People and vehicles are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
Classification, Form ADV and stated criteria
Classification, Form ADV and stated criteria
How this organization is classified, and on what basisBuyout firm · 2 in historyShowHide
- Class
- Buyout firmconfirmed, confidence 85%
- Basis
- 17 of 24 distinct vehicles are sworn Private Equity Funds; 13 reported gross assets on a filing in 2022 or later
- Size band
- Upper middle marketdefined by: proxy: $18.62bn Private Equity Fund GAV on the Form ADV filed 2026-08-31
Classification history (2)
- Sep 23, 2026Buyout firm (confirmed, 85%)17 of 24 distinct vehicles are sworn Private Equity Funds; 13 reported gross assets on a filing in 2022 or later
- Sep 13, 2026Buyout firm (confirmed, 85%)15 of 22 distinct vehicles are sworn Private Equity Funds; 11 reported gross assets on a filing in 2022 or later
Regulatory footprint (Form ADV)RAUM $27B · 12 PE funds · filed Aug 31, 2026ShowHide
- Adviser type
- Registered investment adviser
- Form ADV filings
- Mar 17, 2012 to Aug 31, 2026
- RAUM
- $27Bregulatory assets under management of the adviser; not dry powder, not a fund size
- PE funds, latest filing
- 12
- PE fund GAV, latest filing
- $19Breported gross assets (Form ADV), not fund size
- All private fund GAV
- $24Bevery private fund type, latest filing
- 2024 PE fund GAV
- $19Bsum over funds typed Private Equity Fund with a 2024 or later as-of date
- PE share of funds, lifetime
- 71%
- Fund type mix
- Private equity fund: 12 funds, $19B reported gross assets, 17 ever reported
- Hedge fund: 4 funds, $5.5B reported gross assets, 7 ever reported
- Employees
- 108
- Headquarters
- New York, NY
Stated criteria beside observed behaviour3 of 8 criteria stated · 169 observed dealsShowHide
- Sectors
- Software, financial services
- Geography
- United States, Europe
- Revenue
- not stated or not yet read
- EBITDA
- not stated or not yet read
- Enterprise value
- not stated or not yet read
- Equity check
- not stated or not yet read
- Control
- not stated or not yet read
- Thesis
- Our mission is clear: to identify, access, and invest in best-in-class power law companies that are defining the AI era.
- On record
- 169 companies, 170 holdings, 1 transaction
- Period
- 2026 (2 dated observations, 169 holdings undated)
- Most deals
- Software (5 of 169, e.g. SpaceX and Anthropic), financial services (3 of 169), media telecom (3 of 169) and 4 more
- Subsectors
- Software (3 of 169), financial services (3 of 169), media telecom (3 of 169), vertical software (2 of 169) and 4 more
- Deal roles
- 1 platform, 1 add-on, 168 with role not stated
- Control
- 1 control, 169 not stated
- Where
- Ma (1 of 169)
- By year
- 2026: 1 add-on
169 companies on the graph (1 transaction); most in software (5); 1 platform and 1 add-on; observed 2026 to 2026
Funds
How vehicles are groupedFeeders, parallels, executive funds, alternative investment vehicles and lettered sleeves are folded under the fund they belong to, read from the vehicle names. Deal-by-deal co-investment vehicles are pooled. Current funds come first: families are ordered by vintage, newest first, among those holding at least a twentieth of the largest family’s assets, then by size. The figure is the sum of each vehicle’s latest reported gross assets on Form ADV, not a fund size.Alpha Wave Ventures II · 1 vehicle · vintage 2021$13B
- Alpha Wave Ventures II buyout or unlabelled · 2021$13B
Alpha Wave Ventures · 1 vehicle · vintage 2020$1.5B
- Alpha Wave Ventures buyout or unlabelled · 2020$1.5B
Falcon Ci IV · 1 vehicle · vintage 2019$2.5B
- Falcon Ci IV Fund of funds · 2019$2.5B
Decision makers
- Rick Gerson · Co-Founder, Chairman & Chief Executive OfficerWhy this person: Founder of the firm; Named with investment responsibility; Confirmed current on the firm's own site 2026-09-30LinkedIn or profile link on file (their bio on the firm's website, firm website), confirmed 2026-09-30, confidence 90%
- Ryan Francis El Khoury · Co-Founder And PartnerWhy this person: Founder of the firm; Named with investment responsibility; Confirmed current on the firm's own site 2026-09-30LinkedIn or profile link on file (firm website), confirmed 2026-09-13, confidence 90%
- Francis Suarez · PresidentWhy this person: Runs the firm (chief executive or president); Named with investment responsibility; Confirmed current on the firm's own site 2026-09-30LinkedIn or profile link on file (firm website), confirmed 2026-09-13, confidence 90%
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. 3 with a route on file. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Team
Where the team comes fromEach row names its source in short; hover the source for its full description. Sources on this list: Investment organization websites (team, portfolio, strategy, criteria, news); SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites). A person named by two sources under two spellings is shown once, with both sources.- Co-Founder, Chairman & Chief Executive Officer
- Co-Founder And Partner · since Jul 1, 2011
- President
Deals
How deals are mergedOne row per deal. A portfolio relationship and a transaction that describe the same deal (the same transaction, or the same company on the same date) are printed once, with the columns of both. 170 portfolio relationships and 2 transactions are on this record.| Date | Company | Deal | This firm’s role | Status | Partner | Source |
|---|---|---|---|---|---|---|
| Apr 1, 2026 | Seyntex NV | Majority investment | Lender | not in the portfolio read | unknown | headwaycap.com |
| Mar 30, 2026 | Nxtra Led by Alpha Wave Global add-on to Bharti Airtel Limited | Add-on acquisition | Sponsor (confirmed) | active held 6 months | unknown | airtel.in |
| date unknown | Wugen | Portfolio relationship | Role unknown | unknown | unknown | Fact Firm website |
Portfolio credit
Where these figures come fromPortfolio companies matched to a BDC borrower by an identity-graded bridge, read from each BDC’s own schedule of investments: the lenders’ marks, their accrual footnotes, PIK and maturities. Observed, never forecast. Firms whose own BDC lends to the company are left out.- Principal held
- n/a
- 0 lenders
- Weighted mark
- n/a
- on cost
- Non-accrual now
- 0
- 0 placed at Jun 30, 2026
- Marked down
- 0
- 2 pts or more on the quarter
- Maturing in 12 months
- 0
- none stated
- 2 portfolio companies on a BDC schedule at Jun 30, 2026: 0 with ownership stated current, 2 listed on a portfolio page with no date or status.
Show the credit outlook: 2 borrowers, 0 lenders, 0 quartersas of Jun 30, 2026
2 borrowers are in every figure above and named with Private Credit Intelligence.
- A mark is the lender's own fair value over cost for the quarter. Below 90 means the lender carries the loan at a discount of 10 or more on the dollar; it is that lender's valuation, not DFX's.
- Two lenders on the same facility 10 points apart are valuing the same loan differently; which one is right is not something a schedule of investments says.
- Non-accrual is read from the BDC's own footnote, never inferred from a mark. PIK is interest the borrower pays in more debt rather than cash.
- No forecast is made here. DFX does not publish a default or distress prediction for a sponsor.
Population: portfolio companies matched to a BDC borrower by an identity-graded bridge, on a BDC schedule of investments at Jun 30, 2026, ownership not recorded as exited. Firms whose own BDC lends to the company, and private credit managers, are left out: that is lending, not ownership. Marks, principal and accrual status are the BDCs' own filed figures; the quarter before is Mar 31, 2026.
Placement agents, lenders, advisers and co-investors
- Auerbach Grayson & Company LLC 1 shared · one time · last Jul 28, 2026
Placement agents by fund generation
| Agent | Funds | Years | Strategies | Latest generation |
|---|---|---|---|---|
| Auerbach Grayson & Company LLC | 1 | vintage 2026 | not stated | on it |
From Form ADV Schedule D, which names the placement agents on each private fund an adviser reports, year by year.
LP commitments
How LPs are totalledOne line per LP, largest disclosed total first. A commitment that the same LP reports again in a later document is counted once in its total; both documents stay in the full list. Rows repeated line for line from one document are shown once.Events
- Aug 31, 2026Alpha Wave Global, LP: Private Equity Funds on Form ADV 11 (2024 extract) -> 12 (roster 2026-09-01)
- Mar 17, 2012Alpha Wave Global, LP first filed Form ADV in the extract (IA)
- seen Sep 13, 2026AdvanCell Closes US$315 Million Series D Financing to Advance Targeted Alpha Therapies and Expand Clinical and Commercial Manufacturing Infrastructure
- seen Sep 13, 2026Transcend Therapeutics Announces Completion of Acquisition by Otsuka Pharmaceutical
Alpha Wave Global, LP is the same institution as 3 records in RIA and Wealth, Independent Sponsors and Private Credit.
DFX found 3 relationships across 3 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Record history
- PE fund count changed2026-08-31source on record
- PE capital in a sponsor deal2026-04-01source on record
- Adviser first ADV filing2012-03-17source on record
+9 more changes on this record's ledger
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.