iCapital’s partnership with Apollo is addressing the growing demand from the wealth management sector for evergreen private market investments.

iCapital, a US global fintech company, is expanding its partnership with US asset manager Apollo by making a series of evergreen private markets solutions available to eligible investors.

As part of this collaboration, Apollo has listed five Luxembourg-domiciled evergreen private markets products on iCapital Marketplace, accessing iCapital’s global network of wealth managers. The move aims to provide wealth managers and their clients with greater access to a broadened menu of alternative investment solutions in a Luxembourg format and a set of educational tools and resources to support the strategic diversification of client portfolios. Moreover, Apollo uses iCapital Marketplace to facilitate reporting and investor lifecycle management for its evergreen structures.

“We are pleased to extend our partnership with iCapital, further enhancing access to our institutional-grade solutions and broadening the reach of our Global Wealth products to investors in Europe and around the world,” Véronique Fournier, managing director and head of EMEA global wealth at Apollo, said. “Private markets can offer diversification to the portfolios of wealth investors; we are focused on education and democratising access to such products, in structures tailored to their needs.”

“The expansion of our partnership demonstrates that iCapital is the partner of choice for asset managers wishing to accelerate their distribution efforts into the growing pool of private wealth, leveraging iCapital’s cutting-edge technology platform and operating system to manage the investment and education experience at scale,” Marco Bizzozero, head of international at iCapital, added.

iCapital has expanded its product and platform solutions for evergreen funds alongside the growth of fundraising into these private fund structures. Evergreen funds, which are typically fully funded and made available at investment minimums starting from $25,000, offer periodic opportunities for liquidity. In a Luxembourg-domiciled format, evergreen funds can be accessed by specific jurisdictions around the world.

The collaboration follows the recent launch of Apollo Allocation Pro, a portfolio construction tool powered by iCapital Architect and designed to help financial advisors integrate alternative investments, particularly private markets, into client portfolios.