Allfunds, one of the world´s largest fund distribution platform and wealthtech industry leaders, and iCapital Network, a global financial technology alternative investing platform for the asset and wealth management industries, have formed a strategic partnership through which iCapital will provide private market investment opportunities complementing the sub-advisory solutions currently available to the Allfunds global distributor network.
Through the partnership, Allfunds distributors and its individual investors, along with small institutional investors, will be able to leverage iCapital’s technology and fund solutions to access a broad range of private market funds from premier managers across geographies and strategies – including private equity, private debt, and real assets – with lower minimum investment levels. The private market funds will be available through Allfunds Connect to Allfunds distributors, including major commercial and private banks, from over 60 different countries.
In addition to its fund selection and structuring capabilities, iCapital will provide its digital technology solution that automates the subscription and client servicing processes of alternative investing during the entire investment lifecycle, eliminating the operational difficulties and manual, paper-based processes that advisors and their clients have historically faced when investing in private markets. iCapital’s technology will be integrated with Allfunds Connect, a digital ecosystem of tools and services across fund analysis, selection, and trading for distributors and investors.
Allfunds distributors will benefit from the scale of the Allfunds platform which provides unique and efficient access to products and solutions from private market managers which are otherwise very difficult to access. The integration of the iCapital technology into Allfunds Connect will provide distributors a seamless investment and selection experience and a true one-stop solution for their liquid and illiquid investment needs.
“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,” says Juan Alcaraz, CEO of Allfunds. “iCapital is a global leader and a trusted name in alternative investing solutions and we are delighted to partner with them in bringing this innovative solution to our clients.”
“We are enormously excited to forge this partnership with Allfunds and support their efforts to be at the forefront of expanding access to private markets,” said Lawrence Calcano, Chairman and CEO of iCapital Network. “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.”
“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,” says Marco Bizzozero, Head of International at iCapital Network. “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 advisors to private markets investment opportunities.”