About Us

OUR FIRM

Managing partner Steven R. Gumins founded Athens Capital Management as a multi-client family office in 2002 to manage his family’s assets. Steve, along with the Athens team, is committed to bringing the same level of investing success they have enjoyed to other family offices and high net worth individuals.

OUR INVESTMENT STRATEGY

For over two decades Athens Capital has provided high net worth investors and other family offices with an opportunity for long-term growth yielding steady annual returns. Athens Capital prioritizes a risk averse approach through portfolio diversification managed by specialists in specific sectors, markets and styles.

Monitoring exposure of funds in the portfolio

Ensuring funds provide high transparency

Favoring managers using low to moderate leverage

Using a core portfolio of low volatility managers

Ongoing monitoring of macro-economic factors

Maintaining diversification among uncorrelated strategies to maximize fund alpha

Overweighting exposure to higher conviction investments

Avoiding material drawdowns

Preserving capital in difficult market environments

OUR MISSION

We want Athens to be a “safe alternative” for investors seeking a lower risk alternative asset fund.

FUND OVERVIEW

The firm has two funds; Athens Steady Return Fund, LP (ASRF) and Athens Venture Partners, LLC (AVP).

ATHENS VENTURE PARTNERS, LLC (AVP)

Launched in 2005 as a private equity/venture capital fund.
Diversified Industry Mix
Current private equity and venture capital investments include: real estate, hospitality, aerospace, mobile energy technology, senior assisted living centers, and digital payment technology.

OUR INVESTMENT PROCESS

Athens emphasizes capital preservation and long-term growth by minimizing losses in market drawdowns. We accomplish this through a rigorous process of manager selection and ongoing evaluation to ensure our metrics align with our primary goals.

1.MANAGER SELECTION

We look for managers who possess the following characteristics:

 

  • Excellent investing pedigree with depth in their area of focus
  • Identifiable, measurable factors influencing track record
  • Disciplined AUM growth

2.ONGOING EVALUATION

We engage in ongoing analysis of managers and their strategies:

 

  • Risk assessment and quality control
  • Market categories that are inefficient or undervalued

3.DUE DILIGENCE

Our team continuously identifies the best institutional funds in various market categories:

 

  • Proprietary evaluation of factors impacting manager performance
  • Underlying manager interests are aligned with Athens (i.e. they have a large investment in the fund alongside ours)

4.RISK MANAGEMENT

  • Exposure management
  • High transparency of underlying funds
  • Core portfolio: low volatility managers
  • Ongoing sensitivity analysis to monitor macro factor exposure

5.CONTINUOUS MONITORING

We look for managers who possess the following characteristics:

 

  • Extensive transparency to ensure adherence to stated strategy
  • We know and understand what our managers are invested in
  • Prospective managers prioritized for potential inclusion

SUMMARY OF TERMS

Founded: September 2002
Organization: Delaware Limited Partnership, 3(c)1
MINIMUM INVESTMENT
$2.0m
LOCK-UP
1 year
*With early redemption fee
LIQUIDITY
Quarterly
With 90 Days Notice
MANAGEMENT FEE
1.25%
Annually
PERFORMANCE FEE
None
Annually

Athens Capital Management, LLC

812 Presidio Avenue
Santa Barbara, CA 93101