Real Israel.
Real Returns.

The authority on Israel's real economy with the fund to prove it. An actively managed portfolio of Israeli public equities, built on more than fifteen years of disciplined, value-driven investing.

READ THE FOUR ISRAELS

15+

YEARS INVESTING IN ISRAELI EQUITIES


2010

ISRAEL INVESTMENT FUND, L.P. LAUNCHED


GHP

INSTITUTIONAL BACKBONE
INVESTMENT ADVISORS, INC.

Three paths give to Israel.

The fourth grows with it.

Three paths give to Israel: you give to it, defend it, or bet on it. Each reflects a meaningful part of Israel's story. None reaches its real economy. We built IIA to expand the fourth: Real Israel, invest in it.

Poor Israel

GIVE TO IT

Emotional return is high. Financial return is zero.

Threatened Israel

DEFEND IT

Bonds and advocacy. Capital driven by loyalty, not growth.

Fantasy Israel

BET ON IT

High excitement, extreme risk.

Real Israel

INVEST IN IT

Public equities. Diversified. Proven. The category almost no American advisor covers, and where IIA has spent fifteen years.

Every year, billions flow to Israel through three familiar channels.

Almost none reaches its public equity markets.

IIA's proposition is not more capital. It is better placed capital: redeploy a fraction of what you already send to Israel into a vehicle that generates real returns.

TEL AVIV STOCK EXCHANGE | 2025

Outperformed the S&P 500, the Nasdaq, and Europe.

source + compliance disclosure required before publication

TASE

Public equities

The real economy. Diversified, public, proven, and where IIA allocates.

$15.6B

VC / startups 2025

High excitement, extreme risk. 90% failure rate.

$3B+

Philanthropy / yr

American Jewish giving to Israel. Financial return: zero.

$2B+

Israel bonds / yr

$55B+ cumulative since 1951. Returns of 2–4%.

You see the headlines.

We see
the holdings.

At the center of our work is the Israel Investment Fund, L.P. — structured, direct exposure to public companies we understand deeply, allocated with discipline and conviction.

VEHICLE

Israel Investment Fund, L.P.


APPROACH

Active, value-driven


UNIVERSE

Public equities

One market,

three ways to reach it.

We don't just manage a fund. We interpret an entire market, and put that interpretation to work three ways.

EXPLORE OUR SERVICES

Fund

Direct Israeli equity exposure through the Israel Investment Fund, L.P. Actively managed, value-driven, long term.

INSIDE THE FUND

Planning

Portfolio management, endowment planning, and outsourced CIO, for institutions allocating with governance in mind.

HOW WE ADVISE

Leadership

We bring the Four Israels thesis to the room: white paper, keynotes, and private briefings for boards, committees, and communities.

BOOK A BRIEFING

Built for investors who

Evaluate on
the Merits.

We work with investors and institutions that want Israel to be part of a serious investment conversation. The motivation may differ by client, but the standard does not: understand the objective, evaluate the opportunity, structure the decision, and communicate clearly over time. Our clients include individuals and families, family foundations, and public foundations and endowments.

This isn't charity. This is partnership. Whether the decision sits with one family or a full investment committee, the standard is the same: research, structure, conviction.

FIND YOUR PATH

Individuals & Families

For individuals and families, an Israel allocation can sit at the intersection of investment objectives, legacy, identity, and long-term planning. Those elements can coexist, but the investment still needs to stand on its own merits. We provide a direct relationship with the team behind the investment process, so clients can understand what they own, why it is in the portfolio, and how the broader Israeli market is evolving. The goal is not simply access to a product. It is a long-term investment relationship grounded in clarity, responsiveness, and disciplined decision-making.

LEARN MORE

We're a subsidiary of GHP Investment Advisors, Inc., named to Forbes' Top RIA Firms in 2024 and 2025. Depth, infrastructure, and continuity, paired with a specialist's focus on a single market.

HOW WE'RE BUILT

We don't just manage a fund.

We interpret
the market.

Amy Kaufman

Brian Friedman

Carla Kutnick

Founded by Brian Friedman and backed by GHP Investment Advisors, IIA pairs deep Israeli market expertise with a disciplined, research-driven approach, giving investors direct access to the people making decisions

MEET THE TEAM

The full picture for

the people already
in the room.

Fact sheets, quarterly letters, economic briefs, and the research behind every position.

Fund fact sheet

Quarterly letters

Economic briefs

Position research

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Because performance isn't a promise.

Our fund delivers.
So does our team.

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