Allfunds, a B2B wealthtech platform for the funds industry and iCapital, a fintech platform for the asset and wealth management industries, has launched a platform to provide private market investment opportunities to the Allfunds global distributor network.
Allfunds’ clients can now request access to this new feature and will be able to access an increasing range of private market funds from managers across geographies and strategies – in private equity, private debt, and real assets – with lower minimum investment levels. In the coming months iCapital will also continue to select new funds, for an offering that will be available to the Allfunds network.
Through the platform, subscription and client servicing processes throughout the entire investment lifecycle will be fully automated. Additionally, investors will now have centralised document management with complete visibility and streamlined reporting on all investments.
Juan Alcaraz, chief executive of Allfunds, said: “Allfunds is committed to provide its clients with the best possible product offering both in quality and range, so naturally, the inclusion of a private markets offering has been long on our mind. This partnership with iCapital ensures that our clients have an option into private market investment opportunities with the best investment and selection experience.”
Lawrence Calcano, chairman and chief executive of iCapital. Said: “The iCapital and Allfunds teams have a common goal to allow a broader range of wealth managers and banks to access investment opportunities that can help clients meet their portfolio objectives,”
“We’re thrilled that our partnership with Allfunds has now launched and know that this is just the beginning of our work together to deliver a comprehensive menu of products in an efficient, transparent, fully-digital private investing experience for our clients.”