Alt Investments

Allfunds, iCapital Alt Investments Platform Goes Live

Shirin Aguiar, Reporter, 7 February 2022

articleimage

The Spanish group said the partnership with the New York fintech platform underlines its commitment to strengthen its service offering; iCapital called it a key milestone in its own international expansion.

Fund platform Allfunds and iCapital, the New York-based fintech alternative investments business, have announced that their platform is going live to provide private market access to Allfunds’ distributor network.

Allfunds’ clients can now request access to the new feature in the Allfunds ecosystem and access an increasing range of private market funds from managers across geographies and strategies – in private equity, private debt, and real assets – with lower minimum investment levels.

Aside from fund selection and structuring functions, iCapital will provide automated subscription and client servicing processes throughout the investment lifecycle, eliminating operational difficulties and the traditional manual, paper-based practice advisors which their clients have historically faced with this asset class, the firm said in an announcement. Investors will also benefit from centralized document management with complete visibility and streamlined reporting on investments.

In the partnership, which was first announced in June last year, iCapital will continue picking new funds to add to the alternative products available through Allfunds’ network, iCapital said.

“Allfunds is committed to provide its clients with the best possible product offering both in quality and range, so naturally, the inclusion of a private markets offering has been long on our mind. This partnership with iCapital ensures that our clients have an option into private market investment opportunities with the best investment and selection experience,” Juan Alcaraz, CEO of Allfunds, said.

“The iCapital and Allfunds teams have a common goal to allow a broader range of wealth managers and banks to access investment opportunities that can help clients meet their portfolio objectives,” Lawrence Calcano, chairman and chief executive officer of iCapital, said. “Our partnership with Allfunds is just the beginning of our work together to deliver a comprehensive menu of products in an efficient, transparent, fully-digital private investing experience for our clients.”
 
“Today, wealth creation is increasingly taking place outside the public market. Our one-of-a-kind partnership with Allfunds provides banks and wealth managers across the globe with access to important growth and diversification opportunities in the private markets,” Marco Bizzozero, head of international at iCapital, said.

Founded in 2013 in New York City, iCapital specializes in global alternative investments. The deal with Allfunds is another step in the global fintech company's ascent as a platform for investment areas such as private equity, credit, infrastructure, property and hedge funds. In December, UBS Global Wealth Management signed up to its platform. iCapital has inked a number of partnerships with wealth and investment management groups, tapping into the rising demand for alternative investments. At a time when ultra-low interest rates have squeezed yields on listed equities and government bonds, alternatives have boomed. 

Based in Madrid and founded by Alcaraz in 2000, Allfunds has 15 offices worldwide and assets under administration of some €1.4 trillion ($1.6 trillion). It operates in more than 60 countries and works with over 2,000 fund groups and 1,500 distributors.

Register for WealthBriefing today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes