iCapital has expanded its partnership with alternative asset manager Apollo to extend the reach of evergreen private market investment options to investors.
As part of this initiative, Apollo has made available a selection of evergreen private market products domiciled in Luxembourg on the iCapital Marketplace platform.
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The move aims to provide wealth managers with alternative investment choices, structured in a Luxembourg format, which can be offered to their clients.
These evergreen products are designed to be continuously funded, with entry points for investors starting at an investment minimum of $25,000.
They also present the possibility for periodic liquidity options.
iCapital head of International Marco Bizzozero said: “We are delighted to continue to support Apollo, unlocking new private market investment opportunities to the wealth management channel.
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By GlobalData“The expansion of our partnership demonstrates that iCapital is the partner of choice for asset managers wishing to accelerate their distribution efforts into the growing pool of private wealth, leveraging iCapital’s cutting-edge technology platform and operating system to manage the investment and education experience at scale.”
Additionally, Apollo will be utilising the iCapital Marketplace for the purposes of streamlining reporting processes and managing the investor lifecycle associated with these evergreen structures.
Apollo head of EMEA Global Wealth and managing director Véronique Fournier stated: “We are pleased to extend our partnership with iCapital, further enhancing access to our institutional-grade solutions and broadening the reach of our Global Wealth products to investors in Europe and around the world.
“Private markets can offer diversification to the portfolios of wealth investors; we are focused on education and democratising access to such products, in structures tailored to their needs.”
The move follows the introduction of the Apollo Allocation Pro, a tool aimed at aiding financial advisors in the incorporation of alternative investments into client portfolios.
This tool is a product of iCapital Architect technology.
Recently, iCapital secured over $820m in a funding round.
The round saw participation from T. Rowe Price Associates, T. Rowe Price Investment Management, and SurgoCap Partners, leading to a substantial valuation increase for iCapital.
