The private markets investment trend appears relentless and two firms – one headquartered in the US and the other in the UK – are teaming up.

Titanbay, a London-headquartered private markets infrastructure platform, and Chicago-based Adams Street Partners, overseeing more than $62 billion in AuM, are partnering to provide private wealth solutions partnership.

Titanbay says its platform supports distributors such as private banks and wealth managers, as well as qualified I investors. It automates onboarding and compliance, manages distributor relationships and enables users to get documents and reports in real time.

The partnership is another example of firms surfing a wave of activity around private markets, a theme that has seen new structures in Europe such as ELTIF funds in the European Union and LTAM structures in the UK. 

“Titanbay is the infrastructure layer that helps connect many of the world’s leading firms with the private wealth market,” Richard Kiddle, managing director and head of general partner solutions at Titanbay, said.

“This partnership allows us to operate in the private wealth channel in a way that reflects our institutional standards,” Greg Favre, principal, wealth management at Adams Street Partners, added.