Carlyle has announced that it expands its wealth management channel through a partnership with iCapital, a fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries, and Allfunds, a B2B WealthTech platforms. Through this alliance wealthy individuals will now be able to access Carlyle’s private market investment opportunities.
Carlyle is the first private capital investment firm to make certain funds available through Allfunds’ alternatives service offering. iCapital and Allfunds announced a strategic partnership in June 2021 leveraging iCapital’s technology and fund solutions to make private market investment opportunities available for Allfunds’ clients.
“Individual investors are increasingly seeking ways to invest in private markets and we are pleased to partner with iCapital and Allfunds to make Carlyle funds available to them. Our private wealth segment has been a meaningful component of our business for decades and we are pleased to open this channel as we continue expanding in the space,” said Paul Ferraro, Global Head of Carlyle Private Wealth.
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“We are delighted to partner with Carlyle, a global leader in private markets investments, and support them with our technology and solutions in their ambition to facilitate access for individual investors to the growth and diversification opportunities the private markets offer,” said Marco Bizzozero, Head of International of iCapital.
In addition to its fund selection and structuring capabilities, iCapital provides a digital technology solution that automates the subscription and client servicing processes of alternative investing during the entire investment lifecycle.
Carlyle is one of the leading private capital players in the high net worth market, having raised more than $40 billion since inception in the space. The firm offers a suite of traditional, institutional-quality, closed-end products and other semi-liquid vehicles including Interval Funds and Business Development Companies (BDCs).
Source: Press Release
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