CAZ Investments Launches Interval Fund for Access to GP Stakes
CAZ Investments, a Houston-based alternative investments firm, announced the launch of the CAZ GP Stakes Fund, a registered interval fund designed to provide broader investor access to general partner stakes.
Like other CAZ vehicles, the CAZ GP Stakes Fund is expected to be available through major custodians, including Schwab, Fidelity, CAIS, iCapital, and Pershing.
“To our knowledge, this is the first time investors can participate in the growth and potential profitability of private asset managers with the simplicity and ease of a registered vehicle,” said Christopher Zook, founder and chief investment officer of CAZ Investments. “The launch of the CAZ GP Stakes Fund is the latest milestone in our mission to provide access to these investments through our expanding network.”
The CAZ GP Stakes Fund launches amid continued growth in private markets. Global allocations to private markets total approximately $15 trillion and are projected to reach between $60 trillion and $65 trillion by 2032, according to Bain & Co.
Major beneficiaries of this tailwind, according to CAZ, should be the top-performing managers who capture the vast majority of new capital raised, while benefiting from inherent economies of scale.
CAZ Investments partners with a global network of wealth management firms, many of which are looking for unique access to alternatives for their clients. Through the CAZ GP Stakes Fund, wealth advisers can offer a GP stakes strategy to every client regardless of accreditation status.
The fund is a registered interval fund solely focused on GP stakes and offers daily subscriptions, quarterly redemptions, no performance fees (management fee only), and 1099 tax reporting.
GP stakes investors may benefit from attractive cash flows generated by established, proven asset management businesses; significant long-term growth potential tied to the expansion of private markets and the harvest of periodic performance fees; and meaningful downside mitigation due to diversified fee streams from asset managers across various market segments and geographic regions.
CAZ has been acquiring minority stakes in private asset management companies – commonly referred to as GP stakes – for several years. To date, the firm has deployed more than $6 billion into GP stakes and holds minority ownership positions in over 100 private asset managers across private equity, private credit, and private real estate.
In December 2025, the company converted its CAZ Strategic Opportunities Fund from a tender offer to an interval fund, making it available to both accredited and non-accredited investors. The move came on the heels of the firm announcing that the fund had surpassed $500 million in assets.
Founded in 2001, CAZ Investments is a Houston-based asset manager focused on thematic alternative investment strategies. The firm manages approximately $11 billion in assets and operates a global investor network that includes wealth management firms, family office and institutional investors.
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