The businesses, which cover alternative assets, technology and private equity, have joined forces to tap into the private wealth space.

S64, the global alternatives solutions and technology business, has partnered with Hg, a private equity firm in Europe, to launch a new private wealth offering. 

Hg Fusion is an open-ended and long-term capital investment opportunity that provides non-US individuals with access to Hg’s funds and co-investments in companies alongside the funds. Hg Fusion has been created with S64, integrating its private markets technology platform to deliver scalable access and end-to-end lifecycle management for wealth clients across Europe and Asia. 

“Private markets have seen a seismic shift in recent years as the private wealth industry recognises the critical importance of these asset classes,” Tarun Nagpal, CEO of S64, said in a statement.

“More private investors are looking to diversify their investment portfolio into high performing and resilient sectors. Meanwhile, the growth of private capital means that high quality software and services businesses are staying private for longer, making it hard for investors to get access these through public markets,” Martina Sanow, partner, and head of Hg Wealth, said.

Hg has $65 billion in funds under management; S64 is a European manufacturer of open-ended private markets funds and works with general partners at investment firms, asset managers, and private banks.