Fund distribution platform Allfunds and fintech provider iCapital Network have entered into a strategic partnership.
This will see iCapital provide its private market investment opportunities to the sub-advisory solutions available through the Allfunds global network.
Allfunds’ distributors and individual investors, as well as some small institutional investors, will be able to use iCapital’s technology and solutions to access a wide range of private market funds from premier managers across the world, which will include private equity, private debt and real assets.
The firms said that this will be possible “with lower minimum investment levels”.
More specifically, the private market funds will be accessible via Allfunds Connect to the company’s distributors, from over 60 countries.
iCapital will also provide technology allowing automatic client subscriptions and servicing processes, eliminating “operational difficulties and manual, paper-based processes that advisers and their clients have historically faced when investing in private markets”.
The technology will be integrated into Allfunds Connect.
‘Better access’
Juan Alcaraz, chief executive of Allfunds, said: “This partnership with iCapital is demonstrative of our commitment to expand our product offering into private markets with best-of-breed third-party solutions for our Allfunds Connect clients and to continue optimising fund distribution. iCapital’s technology ensures a superior digital client experience when investing in this increasingly important asset class.”
Lawrence Calcano, chairman and chief executive of iCapital Network, added: “This partnership is emblematic of the great strides iCapital has made to provide better access, efficiency and transparency for the global wealth management industry which is increasingly seeking private market investing strategies for clients.”
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. This unique partnership offers access to the growth and diversification opportunities the private markets can provide for banks and wealth managers to enhance client portfolios.
“This is a key milestone in our international expansion, and we are extremely pleased to partner with Allfunds, a recognised world leader in fund distribution, to facilitate access to a broader number of investors and advisers to private markets investment opportunities.”
