The latest news in investment offering, financial products and other services relative wealth advisors and their clients.

iCapital, Pantheon
Fintech platform iCapital, which builds access to alternative investments, has widened its partnership with investment firm Pantheon. 

The pact will enhance investor access to evergreen – aka perpetual – funds, including the Pantheon Global Credit Secondaries strategies.

The firms started to work together in October 2017. The partnership has expanded to providing access to Pantheon’s first open-ended, private equity offering outside of the US. 

iCapital will deliver wider reach to the Pantheon Global Credit Secondaries strategies across the UK, Switzerland, the Middle East, Latin America and Asia, iCapital said in a statement yesterday. 

“The expansion of this partnership is a further demonstration that iCapital is the trusted technology partner globally for private markets, enabling efficient distribution for asset managers and seamless access for wealth managers seeking broader portfolio diversification and enhanced financial outcomes for their clients,” Marco Bizzozero, head of iCapital’s international operations, said. 

Pantheon, which is owned by US-listed AMG, was founded in London in 1982. In April this year, it launched the Pantheon Global Credit Secondaries Fund (PGCS), another addition to its private wealth platform. 

Aegon Asset Management
Aegon Asset Management has launched the Aegon Investment Grade Climate Transition Fund.

The fund’s strategy aims to slash a carbon footprint in half by 2030, achieving net zero a decade later.

The fund primarily invests in global investment grade corporate bonds, with flexibility to include select high yield bonds and cash. Its objective is to outperform the Bloomberg Global Aggregate Corporate Index over rolling 36-month periods, net of fees, Aegon said in a statement yesterday.

The fund, which uses Aegon’s proprietary research, concentrates on companies with credible, actionable decarbonisation plans. It also assesses investment along environmental, social and governance lines to mitigate risks. 

Co-managers on the fund are Rory Sandilands, Alexander Pelteshki and Kenneth Ward.