The transaction was completed on February 28, 2022

iCapital Expands Strategic Partnership With Bank of Singapore

Date:

Captura de Pantalla 2022-03-01 a la(s) 19
. Pexels

Author: Marcelo Soba

  1. iCapital takes over the management and operation of the bank’s private market feeder funds while Bank of Singapore retains client servicing responsibilities
  2. Following the close of the transaction, iCapital services approximately US$114 billion in global private assets, of which more than US$27 billion are from international investors (non-US Domestic), across more than 940 funds
  3. Bank of Singapore will continue to source and monitor private market investments for its clients and provide ongoing advice to its clients on private market investments within a diversified investment strategy
  4. Asia is expected to grow its ultra-high-net-worth-investor (UHNWI) population by close to 40 percent over the next five years, significantly above the global average of 27 percent2, and interest in alternative investments by Asian UHNWIs has steadily increased in recent years