Alternatives platform iCapital has announced a strategic partnership that will drive distribution to investors in Australia.
iCapital and Netwealth have formed a strategic partnership, according to a statement. This will allow iCapital to distribute global private market and hedge fund investments to financial advice firms and their wholesale clients across Australia.
«We are pleased to partner with iCapital to provide a unique private market offering to Australian investors,» said Netwealth CEO and managing director Matt Heine. «In launching our partnership with iCapital, we are helping to meet growing appetite from high net worth investors for private market and hedge fund strategies, and further helping them achieve desired portfolio outcomes.»
Products, Education
Under the partnership, Netwealth will serve initially as the exclusive Australian distribution partner for iCapital-sponsored funds. iCapital will also provide Netwealth with product support through its in-house research and diligence team alongside a bespoke suite of educational tools.
Founded in 2013, iCapital is an alternatives investment platform that employs 1,200 people worldwide across offices in Zurich, London, Lisbon, Hong Kong, Singapore and Toronto. As of 31 August 2023, it services $166 billion in client assets globally.
Netwealth was founded in 1999 and is listed on the Australian Stock Exchange. It is a specialist investment platform with an offering that includes superannuation, investor-directed multi-asset portfolio services, managed accounts and managed funds.
