“Returning from the ocean hazards to the protection of a sheltered bay” – Shinnecock Inlet, Long Island, NY
EXPERIENCED
Shinnecock Partners is a family office investment boutique, founded in 1989, specializing in alternative investments and fund of funds portfolios. The firm’s principals have worked together for over 30 years.
DEDICATED
Shinnecock combines deep domain knowledge, in-depth analysis and proprietary quantitative tools along with rigorous due diligence to produce the best risk-adjusted performance for our clients.
PROFESSIONAL
Shinnecock is supported by a talented staff and “blue chip” service providers:
SS&C Globe Op (administration)
Spicer Jeffries (audit and tax)
Our Team
Alan is the Founder and Managing Partner of Shinnecock Partners. Alan was the Founder, CEO, President, and Chairman of the Board of Answer Financial Inc. and Insurance Answer Center, CEO of Aurora National Life Assurance, President/COO of First Executive Corporation and Executive Vice President and Board Member at Dean Witter Financial Services Group (predecessor to Morgan Stanley), where he formulated the launch of the Discover Card as a member of a three-person team. He is also the former Chairman, President and Board Member of the Western Los Angeles Boy Scout Council. Alan is a graduate of Georgetown University and Harvard Business School, where he was a Baker Scholar.
Joel began his association with Shinnecock Partners in 1992 as a consultant, creating proprietary computer software for portfolio modeling and comparative evaluation of money managers. Joel traded a private futures account from 1994 to 2003, for which he developed and implemented a number of computerized trading systems. He joined Shinnecock full-time in 1998 as Principal and is in charge of day-to-day administrative, accounting and investor relations areas. He continues to create custom software applications and works jointly with Alan Snyder on the management of the funds’ portfolios. Joel is a graduate of Columbia College.
Christian works with the principals in sourcing, evaluation and due diligence of prospective money managers, as well as the ongoing management of the funds’ portfolios. Christian is a graduate of Boston College, and is currently pursuing his Chartered Alternative Investment Analyst designation.
Michael’s responsibilities include assisting with money manager monitoring and evaluation, marketing and operations. Prior to joining Shinnecock, Michael was an analyst in the Healthcare Practice at Huron Consulting Group where he worked on revenue cycle management and performance improvement at multiple hospitals and health systems. Michael graduated from Duke University with a B.S.E. in Mechanical Engineering.
David serves as an analyst for Shinnecock’s Art Lending Fund, assisting with due diligence and monitoring the fund’s portfolio of fine art collateral. Prior to joining Shinnecock, David worked for several fine art galleries in Los Angeles and has experience in art history and inventory management. David graduated cum laude from Loyola Marymount University with a degree in Studio Art and Art History.
Kim joined Shinnecock as Office Manager in 2013. Prior to Shinnecock, she was an independent general business consultant and multimedia specialist with experience in broadcast, digital and print media. Kim holds an MBA from California State University, Los Angeles and serves on the board of directors for the Alumni Association after serving two years on the financial oversight committee.
Click to view all team members
Art Lending Fund LLC (“ALF”)
A diversified portfolio of loans secured by fine art, offering:
Borrowers interested in fine art loans, please click here: Art-Secured Loans
What is Art-Secured Lending?
Fine art-secured lending is “hard asset” lending against museum-quality, auction-worthy art
(e.g. Sotheby’s, Christie’s, Phillips, Bonhams)
Art dealers and collectors borrow against their art to:
Taking out a loan instead of selling individual artworks allows borrowers to:
Investment Terms & Service Providers
| Launch Date | May 1, 2019 | |
| Structure | Delaware limited liability company | |
| Target Net Return | 7% – 8% net unlevered return | |
| Management Fee | 1% | |
| Incentive Fee | 10%, subject to high water mark | |
| Minimum Capital Commitment | $100,000* | |
| Redemptions | Quarterly after one-year lock, with 90 days’ notice | |
| Investor Qualifications | Accredited Investor | |
| Auditor | Spicer Jeffries LLP | |
| Administrator | SS&C GlobeOp | |
| Cash Custodian | First Republic Bank | |
| General Counsel | Faegre Baker Daniels LLP / Buchalter PC / Paul Hastings LLP |
*ALF uses a capital call structure in order to balance cash inflows against investable loans and other cash needs. ALF may call any portion of an investor’s capital commitment at any time with reasonable prior notice within six months of the initial commitment date. If after six months the total amount committed has not been called, the remaining commitment amount is released.
Available to taxable, tax deferred and tax-exempt investors, U.S. or offshore
SUMMARY SHEET
FAQ
PRESENTATION
ART FINANCE RESEARCH PAPER
This information is for discussion purposes only and does not constitute an offer to sell or a solicitation of an offer to buy an interest in Art Lending Fund LLC (“ALF”). Any offer to sell or solicitation of an offer to buy an interest in ALF may be made only by the delivery of ALF’s Confidential Private Placement Memorandum (the “Memorandum”) specifically addressed to the recipient thereof. In the event that the terms of this document and the Memorandum are conflicting, the Memorandum’s terms shall control. You must be an “accredited investor” to receive a copy of the Memorandum, but only investors that meet all of ALF’s investor suitability requirements will be allowed to invest.
The limited liability company membership interests in ALF are speculative securities and their purchase involves a high degree of risk. You should consider all risk factors set forth in the Memorandum before investing in ALF. Specifically, you should be aware that:
“The Cat That Got the Cream: Digesting a Resurging Art Market” – David Toma (May 5, 2022)
“A Safe Haven: Art Lending” – Alan Snyder (March 13, 2020)
“Shinnecock Art Lending Report Card” – Alan Snyder (March 4, 2021)
“What, Me Worry?” – Alan Snyder (July 16, 2020)
“Paraprosdokians = Lockdown Madness” – Alan Snyder (May 20, 2020)
“7%+ Net, 6 Months Duration, No Leverage, Hard Asset… STINKS” – Alan Snyder (November 12, 2019)
“9 Catchers Ain’t Moneyball” – Alan Snyder (November 4, 2019)
“Jointness + Resilience: Critical Portfolio Neologisms” – Alan Snyder (September 11, 2019)
“Less Barking, More Tail Wagging from Art Market Facts” – Michael Cervino (April 5, 2019)
“Verifying the V in LTV” – Alan Snyder (February 20, 2019)
“Chevrolet and Monet” – Michael Cervino (February 13, 2019)
“Fine Art & Wine: The Golden Girls of 2018” – Michael Cervino (January 16, 2019)
“Who Ya Gonna Call? An Opportunity!” – Alan Snyder (December 12, 2018)
Hedge Connection – In the Den with Lisa Vioni – Alan Snyder April 24, 2020 |
 |
Shinnecock Partners Launches Art Lending Portal
Press Release, September 19, 2019
How the Rich Get Spending Money: Locking Fine Art in Storage and Borrowing Against It
Los Angeles Times, August 1, 2019
Shinnecock Partners Launches Alternative Fine Art Lending Fund
Press Release, May 29, 2019
Family Office Pitches Art Loan Fund
Hedge Fund Alert, May 29, 2019
Investing in Art-Secured Lending
Art of the Times, Fall 2018
Upcoming Events
March 11 – 12, 2024 – Austin, TX + Virtual
IvyFON: Family Office 2024 Trends
Jackson Walker
100 Congress Avenue, Suite 1100
Austin, TX 78701
(Virtual/Zoom option available at no cost)
Alan Snyder speaking on 3/11, 10:00am – 10:25am
Information & Registration
Articles & Research
“The Cat That Got the Cream Redux”
– David Toma
December 29, 2022
“A Transformative Investment – Please Watch the Video”
– Alan Snyder
August 29, 2022
“The Cat That Got the Cream: Digesting a Resurging Art Market”
– David Toma
May 5, 2022
“A Safe Haven: Art Lending”
– Alan Snyder and David Toma
December 8, 2021
“Eggcorn and Inflation Misunderstandings”
– Alan Snyder
September 13, 2021
“NFTs – Caveat Emptor”
– Alan Snyder
July 8, 2021
“The Cat That Got the Cream Redux”
– David Toma
December 29, 2022
“A Safe Haven: Art Lending”
– Alan Snyder and David Toma
December 8, 2021
“Shinnecock Art Lending Report Card”
– Alan Snyder
March 4, 2021
“What, Me Worry?”
– Alan Snyder
July 16, 2020
“Paraprosdokians = Lockdown Madness”
– Alan Snyder
May 20, 2020
“7%+ Net, 6 Months Duration, No Leverage, Hard Asset… STINKS”
– Alan Snyder
November 12, 2019
“9 Catchers Ain’t Moneyball”
– Alan Snyder
November 4, 2019
“Jointness + Resilience: Critical Portfolio Neologisms”
– Alan Snyder
September 11, 2019
“Less Barking, More Tail Wagging from Art Market Facts”
– Michael Cervino
April 5, 2019
“Verifying the V in LTV”
– Alan Snyder
February 20, 2019
“Chevrolet and Monet”
– Michael Cervino
February 13, 2019
“Fine Art & Wine: The Golden Girls of 2018”
– Michael Cervino
January 16, 2019
“Who Ya Gonna Call? An Opportunity!”
– Alan Snyder
December 12, 2018
“Bang, Oops, Another Down”
– Alan Snyder
October 30, 2018
“One Good Thing About Being Wrong Is the Joy It Bring Others”
– Alan Snyder
August 8, 2018
“Water, Water Everywhere, but Not a Drop to Drink”
– Alan Snyder
June 6, 2018
“Alt Lending Loses Its Mojo”
– Alan Snyder
August 4, 2017
“Truth Hurts”
– Alan Snyder
July 21, 2017
“An Artichoke Moment”
– Alan Snyder
January 19, 2017
“Fish Tacos and Alternative Lending”
– Alan Snyder
October 6, 2016
“Erratifluxis”
– Alan Snyder
September 14, 2016
“Good Things Come in Small Packages”
– Alan Snyder
August 19, 2016
“Only Loss Teaches Us the Value of Things”
– Alan Snyder
July 12, 2016
“Poof! Alternative Lending is Gone”
– Alan Snyder
June 22, 2016
“Zebra Commentary”
– Alan Snyder
May 13, 2016
“Goldilocks, The Three Bears and Our Search for Yield”
– Alan Snyder
May 5, 2016
“We Owe You a Major Apology”
– Alan Snyder
April 29, 2016
“Get Sexy with Alternative Lending”
– Alan Snyder
April 7, 2016
“Should Investors Assume the Fetal Position by Going to Cash?”
– Alan Snyder
March 29, 2016
“Traditional Banks Join the Alt-Lending Fray”
– Alan Snyder
February 3, 2016
“Moody’s Analyzes Marketplace Lending”
– Alan Snyder
January 14, 2016
“Alternative Lending Risk Analysis”
– Alan Snyder
December 30, 2015
“Yield Scorecard”
– Alan Snyder
December 17, 2015
“A Transformative Investment – Please Watch the Video”
– Alan Snyder
August 29, 2022
“NFTs – Caveat Emptor”
– Alan Snyder
July 8, 2021
“Are You That Financial Doubting Thomas?”
– Alan Snyder
December 20, 2017
“Life Settlements: Impact Investing with House Odds or Trafficking in Tragedy?”
– Alan Snyder
June 10, 2016
“Investing in Commodities and Futures without Losing Your Pants or Skirt”
– Alan Snyder
October 11, 2010
“Disambiguating Bernie Madoff” [fraud lessons to be learned]
– Alan Snyder
“Curiosity Killed the Cat – Addressable Market for Hedge Fund and Alternative Information” [the market]
– Alan Snyder
“Investment Answers from the Gnomes of Zurich” [getting started]
– Alan Snyder
Healthcare Professionals Homepage
“Lighter Fare but Possible Homework (ha)” [sources for basic Alternatives knowledge]
– Alan Snyder
“Trust, The Critical Investment Appurtenance”
– Alan Snyder
“7%+ Net, 6 Months Duration, No Leverage, Hard Asset… STINKS” [return expectations]
– Alan Snyder
“Water, Water Everywhere, but Not a Drop to Drink” [finding the best investments]
– Alan Snyder
“Mirror, Mirror on the Wall” [due diligence starting point]
– Alan Snyder
“What’s Your Edge?”
– Alan Snyder
“Ten Reasons Not to Phone it In and One to Smile” [onsite due diligence]
– Alan Snyder
“Bright Shiny Objects, All That Glitters Isn’t Gold, and Lessons Learned from Richard Cory” [lessons to be learned from the past]
– Alan Snyder
“Building a Portfolio, Due Diligence and Les Trois Mousquetaires” [more lessons to be learned from the past]
– Alan Snyder
“Eggcorn and Inflation Misunderstandings”
– Alan Snyder
September 13, 2021
“Why Did I Marry My First Spouse?”
– Alan Snyder
April 19, 2021
“Swiss Cheese Diversification”
– Alan Snyder
January 4, 2021
“Much Portfolio Advice is Whackadoodle”
– Alan Snyder
September 17, 2020
“Between the Devil and the Deep Blue Sea”
– Alan Snyder
August 17, 2020
“Zombie Apocalypse”
– Alan Snyder
April 21, 2020
“Sic Transit Gloria – What Now?”
– Alan Snyder
March 25, 2020
“$7,000,000,000,000 in Hedge Funds and Alternatives”
– Alan Snyder
July 6, 2017
“We Are Not Retreating, We Are Advancing in a Different Direction”
– Alan Snyder
September 29, 2016
Press
Under the Term Sheets Podcast (Alan Snyder, Guest)
February 3, 2022
IVYFON – Alternative Credit (Panel) with Alan Snyder
September 14, 2021
Shinnecock Partners’ Key Insights to Guide Fine Art Lending for Investors and Fund Managers
Associated Press, March 4, 2021
The Joe Robert Show – Start Your Career Investing in Alternative Assets – An Interview with Alan Snyder
February 23, 2021
IVYFON – Art Lending in 2021 – Alan Snyder Interview
January 14, 2021
The Source Podcast: Evaluating Asset Managers with Alan Snyder, Shinnecock Partners (transcript/audio recording)
November 12, 2020
IVYFON October Podcast – Alan Snyder – Shinnecock Partners
October 12, 2020
Between the Devil and the Deep Blue Sea: A Discussion on the Economy, Finance, and Where to Invest!
August 28, 2020
CFA Society – PORTFOLIO Online-Private Credit
August 6, 2020
The Future of Specialty Finance Amidst COVID-19
iGlobalForum, June 4, 2020
Hedge Connection – In the Den with Lisa Vioni – Alan Snyder
April 24, 2020
Super-Rich Families Pour Into $787 Billion Private Debt Market
Bloomberg, December 9, 2019
Alan Snyder speaks to 700 investors at Gaining the Edge – New York Hedge Fund Conference
November 4, 2019
Shinnecock Partners Launches Art Lending Portal
Press Release, September 19, 2019
How the Rich Get Spending Money: Locking Fine Art in Storage and Borrowing Against It
Los Angeles Times, August 1, 2019
Shinnecock Partners Launches Alternative Fine Art Lending Fund
Press Release, May 29, 2019
Family Office Pitches Art Loan Fund
Hedge Fund Alert, May 29, 2019
Investing in Art-Secured Lending
Art of the Times, Fall 2018
Commercial Lending Interview with Alan Snyder – Part 1 (audio recording)
The Commercial Investor Podcast, July 11, 2017
Commercial Lending Interview with Alan Snyder – Part 2 (audio recording)
The Commercial Investor Podcast, July 11, 2017
Beyond Wall Street Webinar Series: “Good Things Come in Small Packages,” an Interview with Alan Snyder (transcript/audio recording)
Arixa Capital, November 9, 2016
Share Your Secret Sauce! Alan Snyder Says Emerging Managers Should Provide More Details
John Lothian News (JLN), October 15, 2014
Looking Ahead to 2012
FINAlternatives, January 6, 2012
Q&A: Shinnecock Partners Head Bullish on Managed Futures
FINAlternatives, October 7, 2011
Lowering Volatility Through Managed Futures
The Wall Street Transcript, September 19, 2011
Musings from the Chicago CTA Expo
Great Pacific Wealth Management, September 15, 2011
Shinnecock Partners Honored by World Finance Magazine
Press Release, September 7, 2011
Shinnecock Named Best Managed Futures CTA Fund at World Finance Hedge Fund Awards
HedgeCo.net, August 30, 2011
“Behavioral Economics and Your Portfolio”
– Alan Snyder
Investment News, September 27, 2010
“Investing in Managed Futures”
– Alan Snyder
The Wall Street Transcript, June 28, 2010
Info/Contact
