iCapital marketplace now offers private markets solutions by Apollo in an evergreen manner
The fintech platform iCapital and Apollo Global Alternative Asset Management have joined forces to offer a broader range of alternative investment options, particularly evergreen private market solutions, to eligible investors via wealth managers worldwide.
This strategic partnership involves the listing of five Luxembourg-domiciled evergreen private markets products from Apollo on iCapital Marketplace. The collaboration aims to enhance access to private market strategies that cater to the needs of wealth investors, while emphasizing investor education and democratizing access to these opportunities.
Apollo's products, now available in a Luxembourg format on iCapital's platform, leverage the fintech company's global network of wealth managers. This partnership is expected to broaden the reach, particularly in Europe and worldwide.
For Apollo, the partnership with iCapital serves as a means to provide streamlined administration through iCapital Marketplace. This includes investor lifecycle management and reporting for these evergreen fund structures.
The offering supports wealth managers in diversifying client portfolios with institutional-grade, alternative private market investments. The partnership also provides educational tools and resources to support this diversification.
Véronique Fournier, managing director and head of EMEA global wealth at Apollo, expressed her pleasure about extending the partnership with iCapital. Marco Bizzozero, head of international at iCapital, stated that they are delighted to continue supporting Apollo, unlocking new private market investment opportunities to the wealth management channel.
iCapital has grown its product and platform solutions for evergreen funds, and the partnership with Apollo marks a significant step in this growth. Evergreen funds offered through iCapital have a minimum investment starting from $25,000.
In related news, BlackRock has also launched an evergreen private markets platform, expanding the landscape of investment opportunities in this sector. This development further underscores the growing interest in evergreen private markets solutions.
In conclusion, the partnership between Apollo and iCapital represents a strategic expansion to make evergreen private market solutions more accessible and manageable for wealth managers and their clients, using a combination of product innovation and advanced fintech platform capabilities.
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