Alt Investments
Moonfare Makes US Debut
There's a competitive battle going on among platforms that are designed to widen and speed up private investor access to markets such as venture capital, private capital and other "alternative" areas.
Moonfare, the
Germany-based private markets platform, is making its debut in
the US as competition heats up in the space. Moonfare recently
completed a $125 million Series C fund-raising round.
Following the move, Moonfare now covers the US alongside its
business in Europe and Asia.
The private equity investment platform is also launching in
Singapore in the “coming weeks,” it said in a statement
yesterday.
Growth of interest in private market investing, stimulated by
weak yields in conventional listed equities and government
bonds has, in turn, prompted demand for wider, more
tech-driven access to asset classes which were previously the
preserve of large institutions and ultra-wealthy individuals.
Firms such as iCapital Network,
CAIS and Moonfare are
competing in the space, albeit with slight differences of
focus.
Moonfare says it is “breaking the mold through its strong
partnerships with category-leading private equity and venture
capital funds,” citing names such as KKR, The Carlyle Group,
Blackstone, IVP and Khosla Ventures. Moonfare enables its members
to invest directly in a selection of curated funds, with entry
minimums of $125.000.
“Entering the US market provides a tremendous opportunity,
allowing us to use our proprietary technology platform to create
a unique experience for like-minded investors who are bullish on
pursuing investments into private markets unavailable to them in
the past,” Steffen Pauls, Moonfare’s founder, said. “As customer
behavior continues to transform toward direct digital
solutions, we see a lot of growth potential for the platform with
its easy and direct access to private markets.”
To date, Moonfare has offered 45 private market funds. Based in
Berlin, Moonfare operates in 18 countries across Europe, Asia,
and America with offices in New York, Hong Kong, London, and
Luxembourg.