An 11-year-old liquid alts mutual fund shop in the Midwest recently crossed a 10-figure milestone.

Kevin Michael Kinzie LoCorr Fund Management, LoCorr Distributors CEO

Kevin Kinzie, CEO of LoCorr Funds, confirms that LoCorr has surpassed $3 billion in AUM. That's up about 50 percent since the beginning of 2021, less than a year and a half ago.

Kinzie also notes that the LoCorr Long/Short Commodities Strategy Fund, a multi-manager commodities strategy, has passed the $1-billion mark.

LoCorr was founded by Kinzie in 2011, and the firm debuted its first fund that year. The alternatives-focused boutique is based outside Minneapolis in Excelsior, Minnesota. 

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