The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.

Privacore Capital, Partners Capital Investment Group
New York-headquartered Privacore Capital, an open-architecture solutions provider for alternative investment products, and London-based Partners Capital Investment Group, a global investment office, have launched the Privacore PCAAM Alternative Growth Fund. AltsGrow is a tender offer fund that aims to provide institutional-quality private equity exposure suitable for a range of investors.

Privacore, an affiliate of London-headquartered asset manager Janus Henderson, will serve as the advisor to AltsGrow and manage distribution and fund operations, enabling Partners Capital, as the sub-advisor, to concentrate on portfolio management and investment selection.

AltsGrow aims to provide investors with medium and long-term capital appreciation by investing in a diversified portfolio of private market investments including private equity, real assets, and private debt. As of the launch date, the fund’s holdings consist mostly of assets purchased on the secondary market and co-investment opportunities alongside fund managers, the firm said in a statement.

The collaboration between Privacore and Partners Capital aims to bridge the gap between high-quality private market opportunities and the growing demand from investors for alternative exposure. The tender offer structure provides investment opportunities without the constraints of traditional closed-end private fund cycles, allowing for more flexible capital deployment and portfolio management.

“This new fund represents a natural extension of our work as an Outsourced Investment Office,” said Arjun Raghavan, chief executive officer of Partners Capital. “Over the years, we have identified areas of distinctive access where we have excess capacity and are now looking to deliver those opportunities efficiently to investors beyond our traditional client base.”

These areas of excess capacity include private equity co-investments and secondaries where Partners Capital has invested in teams and has been investing on behalf of their existing clients for several years.

“The alternatives asset class is projected to exceed $30 trillion in assets under management by 2030. The industry is adapting – offering better liquidity, transparency, and operational simplicity,” Brendan Boyle, chief executive officer of Privacore Capital, said.

“With markets experiencing volatility, elevated interest rates, and geopolitical uncertainty, advisors are turning to carefully curated alternatives to enhance return potential and diversify their portfolio from traditional asset classes,” Raghavan added. 

Partners Capital has more than $60 billion in assets under management and offices located in Boston, New York, London, San Francisco, Dallas, Paris, Singapore, and Hong Kong.

Rise Capital
Rise Capital, a UK-based property investment platform, has officially launched a Shariah-compliant investment structure aimed at HNW clients who want to tap into secured UK real estate developments.

The structure delivers fixed, pre-agreed returns while ensuring full compliance with Islamic finance principles, such as the prohibition of interest on loans. It also includes legal protections through a debenture, offering investors institutional-grade security on their capital.

Rise Capital is onboarding new investors for upcoming development tranches in East Anglia and Greater London. 

“Our model bridges the gap between ethical finance and secured real estate investment,” Paul Wymer, director at Rise Capital, said. “It’s a practical, transparent structure where investors are protected, profits are pre-agreed, and no interest is charged – just real value creation backed by tangible assets.”

Under the Murabaha structure, investors sell metals to a Rise Special Purpose Vehicle at a marked-up price under deferred payment terms. The SPV resells the metals and uses the proceeds to fund development – without borrowing or interest.

Investment is secured directly against the development site, giving the investor legal priority if the SPV defaults. This is enforced through a debenture held by a security trustee.

All funds are paid into a UK-regulated escrow account and released only upon certification by an independent monitoring surveyor, making sure that funds are only used for verified development work.

The debenture also covers construction contracts, project bank accounts, insurance proceeds, and intellectual property.