The new partnership will enhance investment offerings for the firm's private wealth business.

Global investment manager AllianceBernstein has formed a strategic partnership with LSV Advisors, LLC, a special situations secondaries firm focused on liquidity solutions for hedge fund, private equity, and other alternative investment funds.

The new partnership will enhance investment offerings for the firm's private wealth business, Bernstein Private Wealth Management, New York-listed AllianceBernstein, said.

The goal of the partnership is to provide clients access to LSV's investment strategy to enhance their diversification in alternative investments. As a part of the broader strategic partnership, AB will become the exclusive private wealth partner for LSV, AB said.

Founded in 2005, LSV provides liquidity solutions for investors and managers of private funds, as well as direct private assets, and is investing its sixth round of investment funds.

AllianceBernstein had $738 billion in client assets under management as of June 30, 2021.