The partnership is another example of how organisations such as Moonfare have changed access to private markets and alternative investments.
Moonfare, the Berlin-headquartered business providing access to private market investments, is partnering with Quintet Private Bank, the Luxembourg-based group, in another example of an alliance with a private bank. The move also sheds light on how banks and other wealth managers are using these conduits to areas such as private equity, real estate and private credit.
The move will help broaden Moonfare’s global distribution network, it said in a statement yesterday.
Under the agreement, Quintet will extend access to appropriate clients to an end-to-end digital investment platform, powered by Moonfare, offering private market funds – initially covering strategies in the private equity and infrastructure space – selected and approved by the Quintet Group. Consequently, Moonfare will have a further slice of the high net worth market in Europe and the UK.
“Working together, we will be able to offer our clients enhanced choice and sourcing of top-quartile managers, with the capability to build high-quality portfolios in the private market space at a competitive cost and with a lower minimum entry point. Retaining full control of our alternative investment proposition design and decision-making, we will also provide our clients with access to a digital platform to simplify the investment process,” Bryan Crawford, Quintet Group head of investment and client solutions, said.
Under the agreement, Moonfare will add another significant institution to its roster of partners. For example, in 2021, Bordier & Cie, the Swiss private bank, said it was the first bank in Switzerland to sign a partnership with Moonfare. It has teamed up with Fidelity International, and Berenberg, the venerable German bank.
Moonfare is competing, to some extent, with players such as iCapital and CAIS in the US. In the case of iCapital, the New York-headquartered business is a technology platform providing access to private market and alternative investments – an example of how the space has been opened up in the past decade. In the past, access to such investment tended to be dominated by banks and other large institutions.
Moonfare, which operates in 23 countries, has €2.7 billion ($3.14 billion) of assets under management. Its alliance with Quintet puts it in partnership with a bank managing £75 billion of client money. Under the Quintet umbrella are a number of banks: Brown Shipley, InsingerGilissen (the Netherlands), Merck Fink (Germany), Puilaetco (Belgium), Quintet Denmark and Quintet Luxembourg.
This news service interviewed Moonfare in this video.