Morgan Stanley Investment Management (MSIM) and fintech firm iCapital have widened their original US partnership to include other markets around the world.
The two firms will provide access to a suite of private market funds managed by MSIM to global banks and wealth managers.
The original agreement was only for the US and available to institutional investors, where the tech firm and Morgan Stanley’s wealth management arm shared alternative investment feeder funs services.
Jacques Chappuis, global head of distribution and co-head of the solutions and multi-asset group at MSIM, said: “This is a new chapter in Morgan Stanley’s partnership with iCapital. While our private markets funds have typically been restricted to institutional investors, we are excited to be able to expand the client base accessing our industry leading private markets funds and help high net worth investors across the globe further diversify their investment portfolios.”
Marco Bizzozero, head of international at iCapital, added: “Wealth managers are increasingly looking to alternative investments as another way to try and help their clients improve their financial outcomes.
“The expansion of this successful partnership now offers access to the growth and diversification potential that premier private markets investment opportunities can provide to advisors and their HNW clients globally.”
