- The partnership demonstrates Allfunds’ continuous commitment to strengthen its service offering and provide clients with a continuous stream of new investment opportunities
- iCapital’s solutions seamlessly integrate into the Allfunds ecosystem to provide clients with access to an exclusive range of private market funds from global managers in a fully digital experience
Allfunds, the leading B2B Wealthtech platform for the funds industry, and iCapital1, the leading global fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries, today announced that their platform to provide private market investment opportunities to the Allfunds global distributor network is now live.
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Allfunds’ clients can now request access to this new feature in the Allfunds ecosystem and will be able to access an increasing range of private market funds from leading managers across geographies and strategies – in private equity, private debt, and real assets – with lower minimum investment levels. In the coming months iCapital will continue to select and diligence new funds across a diverse set of strategies, for a comprehensive, robust alternatives offering available to the Allfunds network.
A customer centric focus and digital-first mindset shared by Allfunds and iCapital has resulted in a seamless and highly efficient integration. Through the platform, subscription and client servicing processes throughout the entire investment lifecycle are fully automated, eliminating operational difficulties and the traditional manual, paper-based practice advisors and their clients have historically faced with this asset class. Additionally, investors benefit from centralized document management with complete visibility and comprehensive, streamlined reporting on all investments.
Commenting on the partnership, Juan Alcaraz, CEO of Allfunds, 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. We’re pleased to be partnering with a premier fintech platform and once again, bring a leading solution to our clients.”
“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,” said Lawrence Calcano, Chairman and CEO of iCapital. “We’re thrilled that our partnership with Allfunds has now launched and know that this 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,” said Marco Bizzozero, Head of International at iCapital. “This is a key milestone in iCapital’s international expansion, and we are delighted to partner with Allfunds, a recognized world leader in fund distribution, to facilitate access for a broader number of investors and advisors to private markets investment opportunities.”
About Allfunds
Allfunds (AMS:ALLFG) is one of the leading B2B WealthTech platforms for the funds industry, offering fully integrated solutions for both Fund Houses and Distributors. Allfunds has built and continues to evolve an ecosystem that covers the entire fund distribution value chain and investment cycle, with solutions including dealing and execution, data and analytics tools, Regtech, ESG screening, and portfolio monitoring. It remains the sole fully integrated one-stop-shop in the industry.
Founded in Madrid in 2000, Allfunds now spans 15 offices around the globe* covering all major financial markets. Today it has assets under administration of over €1.4 trillion, operations in more than 60 countries, works with over 2,000 fund groups and has access to 1,500 distributors.
Allfunds entered Euronext Amsterdam as a listed company on April 23rd, 2021.
*Brazil, Chile, Colombia, France, Hong Kong, Italy, Luxembourg, Miami, Poland, Singapore, Spain, Sweden, Switzerland, United Arab Emirates and United Kingdom.
For more information, please visit www.allfunds.com
All figures as of 30.09.2021. Distributors include access to BNPP sub-distributor agreements pursuant to BNPP strategic transaction (c. 818 agreements with distributors on Allfunds standalone basis)
Allfunds. Transforming the WealthTech industry
About iCapital
Founded in 2013 in NYC, iCapital is the leading global fintech company powering the world’s alternative investment marketplace. It has transformed the way the wealth management, banking, and asset management industries facilitate access to private markets investments for their high-net-worth clients by providing intuitive, end-to-end technology and service solutions. Wealth management firms use iCapital’s solutions to provide clients with quality funds at lower minimums and simplified digital workflows. Asset managers and banks leverage iCapital’s technology to streamline and scale their alternative investments operational infrastructure. Additionally, the iCapital ‘flagship’ platform offers wealth advisors and their high-net-worth clients’ access to a curated menu of private equity, private credit, hedge funds, structured notes, and other alternative investments to help meet their investing needs for return and diversification. iCapital’s research and diligence team offers robust analysis alongside the firm’s extensive suite of advisor education, compliance, portfolio management, and portfolio analytics tools and services. iCapital was recognized on the Forbes FinTech 50 list in 2018, 2019, 2020 and 2021, the Forbes America’s Best Start-up Employers in 2021, and MMI/Barron’s Industry Awards as Solutions Provider of the Year in 2020 and 2021. As of December 31, 2021, iCapital services more than $108 billion in client assets, of which over $24 billion are from international investors (non-US Domestic), across 900 funds. Employing more than 700 people globally, iCapital is headquartered in NYC and has offices in Zurich, London, Lisbon, Hong Kong, Singapore, and Toronto.
For additional information, please visit iCapital’s website at www.icapitalnetwork.com | LinkedIn: https://www.linkedin.com/company/icapital-network-inc | Twitter: @icapitalnetwork
See disclosures here.
1 Institutional Capital Network, Inc., and its affiliates (together, “iCapital Network” or “iCapital”)
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Contacts
Allfunds
Katherine J. Sloan
Global Corporate Communications
katherine.sloan@allfunds.com / Telephone +34 91 2746400
FTI Consulting
AllfundsUK@fticonsulting.com / Telephone: +44 7890 611 340
iCapital
Morgan Miller
icapital@neibartgroup.com / Telephone: +1 919-602-2806