Singapore-based digital wealth manager Endowus has inked a partnership with a private equity giant to further expand its alternatives offering.
Endowus has formed a partnership with EQT – the world’s third largest private equity firm – according to a statement. As a result, Endowus Private Wealth (EPW) clients in Singapore and Hong Kong will gain access to EQT's funds.
The partnership marks the further expansion of Endowus’ alternatives offering which already includes multi-strategy and single-strategy hedge funds, private equity, private credit and private real estate. Other renowned providers on the platform include Balyasny, Brevan Howard, Bridgewater, Carlyle, Eisler, Hudson Bay, KKR, Millennium, Oaktree, Partners Group, Point72, Quantedge, Schonfeld and World Quant.
Low Correlation
According to Endowus co-founder and chief investment officer Samuel Rhee, investors can capitalize on widely cited benefits of private markets, such as the relative immunity to public market turbulence.
«The low correlation of private market investments to traditional asset classes and public markets allows investors who seek to further diversify their portfolios and reduce overall risk in volatile market periods,» Rhee said.
Founded in Stockholm in 1994, EQT is one of the largest and most active private investors in infrastructure, healthcare and technology with 20 offices across Europe, the Americas and Asia Pacific. As of September 2023, it had more than 224 billion euros ($234 billion) in assets under management.
