Fund distribution platform Allfunds and tech firm iCapital Network have announced a strategic partnership.
The deal will see Allfunds private market and sub-advisory fund services integrated with iCapital’s technology.
Allfunds provides access to more than 1,500 major private and commercial banks and financial institutions globally.
Through the partnership, Allfunds’s clients will be able to use iCapital’s technology to access private market funds with lower minimum investment levels.
It will also automate the subscription and client servicing processes of alternative investing during the entire investment lifecycle.
Allfunds chief executive Juan Alcaraz 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 optimizing fund distribution. iCapital’s technology ensures a superior digital client experience when investing in this increasingly important asset class.
“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.”
Also commenting on the partnership iCapital chairman and chief executive Lawrence Calcano added: “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.
“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.”
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