Online digital platform Private Markets Alpha has launched to improve access to private markets for the global wealth management industry.
The business has so far raised close to £1m ($1.16m, €1.17m) through private fundraising.
PM Alpha aims to offer the wealth industry a range of private investment solutions tailored and curated for distribution to retail investors.
The platform has been founded by several private banking veterans. Tom Douie, who most recently served as global head of distribution at Muzinich & Co, is joined by former Citi Private Bank Emea head of private equity investments Alexis Weber; former Citi Private Bank Emea alternative investments sales lead Melyan Guerrero and former Citi Private Bank Emea operational due diligence lead Chloe Mercer.
Douie, PM Alpha founder and chief executive, said: “We aim to revolutionise private markets investments because we firmly believe that broad access to these markets is crucial for providing a wider range of asset classes to better serve the long-term needs of individual investors.
“We believe that in the current economic climate wealth managers need to have a larger toolkit to provide better long-term solutions to their clients and that’s what we aim to help them achieve.”
