Distribution platform Allfunds has joined forces with US-based fintech platform iCapital in a bid to improve global access to private markets.
The partnership will see iCapital providing investment opportunities in private markets alongside sub-advisory services already available through Allfunds’ global distribution network.
Allfunds distributors and their individual investors, as well as small institutional investors, will be able to access a wide range of private markets funds and strategies from managers across the globe with lower minimum investment through iCapital’s technology. Asset classes available include private equity, debt, and real assets.
As well as providing fund selection and structuring capabilities, iCapital will also deploy technology that automates subscription and client servicing processes during the investment.
This will eliminate operational difficulties and the manual, paper-based processes historically associated with private markets investing, the firms said in a statement.
Marco Bizzozero, head of international at iCapital Network, said: “Wealth creation is increasingly taking place outside the public market opportunities commonly available to most investors.”
He added that the partnership will offer access to growth and diversification opportunities that private markets can provide for banks and wealth managers to enhance client portfolios.
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