Swiss private bank Bordier has signed an agreement with a private equity fintech firm to expand its alternatives offering in Asia.
Bordier & Cie’s Singapore unit has signed a tie-up with Moonfare – a fintech firm focused on providing private equity funds via digital platform – according to a statement.
This will enable Bordier’s clients in the region to gain access to private equity funds on Moonfare’s digital platform, some of which were previously only available to institutional investors.
This is an extension of a joint announcement made in December last year by the two companies which committed to opening access to clients and private equity funds.
Private Market Focus
According to the Geneva-based private bank, the extended partnership is part of Bordier’s broader strategic focus to expand its offering and services in private market investments.
This includes the appointment of 20-year private equity veteran Christian Skaanild as managing partner in 2020.
«The partnership aligns with our overall strategy of ramping up the bank’s alternative investment offering,» said managing partner and CEO of Bordier & Cie (Singapore) Evrard Bordier. «The rising investor class in Asia continues to have a strong appetite for private market opportunities and we strive to grow our capabilities alongside the ever-sophisticated needs of our clients.»
Moonfare Expansion
In addition to the Bordier partnership, Moonfare has also expanded in other market segments in Singapore across family offices, digital platforms and wealth managers.
It raised $125 million in a funding round last year and, most recently, welcomed European private equity firm Vitruvian Partners as a shareholder and partner.
