- Allfunds distributors will be able to leverage iCapital’s technology and fund solutions to access a broad range of private market funds
- In addition to its fund selection and structuring capabilities, iCapital will provide its digital technology solution
- The integration of the iCapital technology "will provide distributors a seamless investment and selection experience and a true one-stop solution for their liquid and illiquid investment needs"
Allfunds has announced in a press release a strategic partnership with iCapital Network, which will now provide private market investment opportunities complementing the sub-advisory solutions currently available to the Allfunds global distributor network.
Through the partnership, Allfunds distributors and their 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.
Both firms have revealed that, 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.
Consequently, Allfunds distributors will benefit from the scale of its platform which provides unique and efficient access to products and solutions from private market managers which are otherwise very difficult to access. Besides, the integration of the iCapital technology "will provide distributors a seamless investment and selection experience and a true one-stop solution for their liquid and illiquid investment needs", says the press release.
An innovative solution
“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", commented Juan Alcaraz, CEO of Allfunds.
Meanwhile, Lawrence Calcano, Chairman and CEO of iCapital Network claimed to be "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", he added.
Lastly, Marco Bizzozero, Head of International at iCapital Network, highlighted that 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. This is a key milestone in our international expansion, and we are extremely pleased to partner with Allfunds, a recognized world leader in fund distribution, to facilitate access to a broader number of investors and advisors to private markets investment opportunities", he concluded.
Allfunds is one of the world´s largest fund distribution platforms and wealthtech industry leaders and iCapital Network is the leading global financial technology platform driving access and efficiency in alternative investing for the asset and wealth management industries,