Alt Investments
What's New In Investments, Funds? – Personal Capital
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The latest in funds and investments in North America.
Personal
Capital, a digital wealth manager, has teamed up with
iCapital Network, a financial technology platform that is
widening investor access to investments such as private equity
and other alternative asset classes.
It has unveiled a new, simpler way for the company's high net
worth private clients to access the private equity market.
Recently Personal Capital surpassed $8.5 billion in assets under
management, of which a growing portion consists of high net worth
clients.
"Our high net worth clients had expressed interest in access to
the private equity market," Craig Birk, chief investment officer
at Personal Capital, said.
The move is another move by iCapital, which has partnered with a
number of wealth management firms in recent months, such as
Rockefeller
Capital Management and HSBC Global Private Banking.
Personal Capital is based in Silicon Valley with hubs in San
Francisco, Denver, Dallas, and Atlanta.