A fund built for
long-term investors
Endowment-style investing for everyone
Ivy Invest leverages the investment approach common to endowments and foundations
For decades, multi-billion dollar endowments and foundations have used their exclusive access to create portfolios that generate higher returns with lower risk.

Ivy Invest does the same thing – but for you.
Our investment approach -->  
Portfolio as of
10/22/2024
Traditional and alternative assets in every share
Every share has a cross-section of traditional and alternative investments in private equity, venture capital, private credit, real estate, special situations, public equities, and fixed income. We invest with top managers like Carlyle, Blue Owl, Golub, Rhumbline, and Hamilton Lane1 to offer an institutional-class portfolio.
Download fact sheet
download
A pro making the decisions, so you don't have to
Ivy Invest's Institutional Investment Strategy Fund is managed by our CIO, Wendy Li, who brings more than 17 years of experience managing multi-billion dollar portfolios. Wendy and team routinely evaluate asset allocation, manager selection, and investment strategy as they anticipate changes in the market.
Meet Wendy -->  
Wendy Li
Wendy Li
Co-founder and CIO at Ivy Invest
Invest or rollover an existing retirement account
If you have a 401(k) or IRA invested in just stocks & bonds, you could be earning more. We can help you rollover an existing account or open a new IRA.
Designed for the long-term but with flexibility
While the Fund is built for long-term investing, it offers peace-of-mind flexibility with 30-day, quarterly windows to sell your shares2.
Benefit from direct indexing and tax-loss harvesting
Buying individual stocks of the S&P 500 enables us to harvest tax losses at the individual equity level. This tax efficiency can boost the Fund's after-tax returns.
Founder shares for early birds
Early investors have access to our Founder shares, which offer lower fees and expenses with a $10,000 minimum investment.
Collective buying power means lower fees
Pooling our investors' collective buying power allows us to purchase institutional share classes, which bear no sales loads and offer lower fees than what’s typically available to individual investors.
Simple tax reporting
At tax time, you’ll receive a 1099-DIV for easy and straightforward tax filing.
BOARD OF TRUSTEES
The Fund is overseen by a Board of Trustees – the majority of whom are independent from Ivy Invest3 – and has an independent Chief Compliance Officer.
Brian O'Neil
Lead Independent Trustee
Brian O’Neil has over 40 years of experience in the investment services industry and recently retired from serving as Chief Investment Officer of the Robert Wood Johnson Foundation, where he was responsible for the foundation’s $11.4 billion investment portfolio for 20 years.

From 1980 to 2002, Mr. O’Neil worked at the Equitable Life Assurance Society (now AXA Equitable). He was named Deputy Chief Investment Officer in 1990 and Chief Investment Officer in 1992, when the company demutualized and went public. Mr. O’Neil received an M.B.A. from the Columbia Graduate School of Business, and an A.B. from Princeton University.
Ross Weiner
Independent Trustee
Ross Weiner is an experienced operator and lawyer with over 25 years of experience in law and financial services. He is a Cofounder of AXOM Partners, a former Partner and the former General Counsel at Qatalyst Partners, a former senior professional at Silver Lake, and a former Director & Counsel at Credit Suisse. Mr. Weiner earned his J.D. from the University of Virginia School of Law and B.A. from the University of Virginia.
Bharath Potti
Independent Trustee
Bharath Potti is a seasoned finance and investment professional. He currently serves as Corporate Development Manager at Fender. Mr. Potti previously worked in the Tufts University Endowment Office, at Partners Capital (an international Outsourced Chief Investment Office), and in the M&A group at AT&T. Mr. Potti received his M.B.A. from The University of Texas at Austin - Red McCombs School of Business and his B.A. from Tufts University.
Wendy Li
Trustee
Wendy Li is the President and Chief Investment Officer of Ivy Invest, and serves as the portfolio manager for the Fund. Read more about Wendy here.
Peter Guarino
Chief Compliance Officer
Peter Guarino brings over 35 years of legal, global investment management regulatory, and compliance experience. He is the President of Compliance4, LLC, which provides compliance services to investment advisers, registered investment companies, and private funds.  He also served as the internal and independent Fund CCO for several series trusts and standalone registered investment companies and has served in various legal positions, including General Counsel, for several large asset managers.
Fund name
Institutional Investment Strategy Fund
Structure
Closed-end interval fund
Fees4
0.75%
Founder Class: 0.75%
Investor Class: 1.00%
Minimum Investment
$10,000
Founder Class: $10,000
Investor Class: $1,000
Redemptions
Quarterly, up to 5% of outstanding shares
Custodian
Fifth Third Bank
Fund Administrator
MUFG Investor Services
(part of Mitsubishi UFJ Financial Group)
Fund Prospectus
OUR PARTNERS
Fifth Third logo
Fifth Third Bank
Custodian
Founded in 1858, Fifth Third Bank is one of the largest bank holding companies in the United States, with $215 billion in assets. Fifth Third Bank serves as the fund’s custodian, responsible for holding all of the fund’s investments and cash.
MUFG logo
MUFG Investor Services
Transfer Agent & Fund Admin
MUFG Investor Services, part of the $2.9T Mitsubishi UFJ Financial Group, is one of the world’s largest fund administrators, with more than $1T in assets under administration. MUFG serves as the Fund’s transfer agent, handling all movement of cash between investors and the Fund.
Cohen & company logo
Cohen & Company
Auditor
Cohen & Company is a nationwide accounting and tax firm founded in 1977, and is the 4th largest auditor of SEC-registered funds. Cohen & Company performs an independent annual audit of the Fund to ensure compliance with financial and regulatory requirements.
Build wealth like you came from it
Request early access to invest in our Fund:
You're on the list!
Oops! Something went wrong while submitting the form.
support@ivyinvest.co
1 Managers of underlying fund holdings as of November 2024. Fund holdings are subject to change.

2 Each quarter the fund offers to repurchase up to 5% of its outstanding shares. If the number of shares tendered for repurchase exceeds the number the Fund intended to repurchase, the Fund may determine to repurchase less than the full number of shares tendered. In such event, shareholders will have their shares repurchased on a pro rata basis, and tendering shareholders will not have all of their tendered shares repurchased by the Fund.

3 Ivy Invest is a dba for Buena Capital Advisors, LLC, which is an SEC Registered Investment Adviser.

4 Includes management and shareholder servicing fees.

The Institutional Investment Strategy Fund ("IISF" or "Fund") is an investment company registered under the Investment Company Act of 1940. IISF is a closed-end fund operating as an interval fund that makes quarterly repurchase offers and as such provides limited liquidity. The fund commenced operations on March 5, 2024. An investor should consider the investment objectives, risks, charges and expenses of an investment. The Prospectus contains this and other information. Read it carefully before investing.

Ivy Invest is a dba for Buena Capital Advisors, LLC.

Full DisclosuresTerms of UsePrivacy Policy