Private Markets Alpha (PM Alpha) has launched, seeking to “dramatically improve” investor access to private markets. The UK-based startup says it has raised £1 million in funding to transform the global wealth management industry.” The goal is to “simplify private market investment for all.
PM Alpha explains that it is building a “digital community of Wealth Managers, Asset Managers and Private Markets Fund Managers” and offer a platform with a range of private investment solutions tailored and curated for distribution to investors. PM Alpha seeks to create a “one-stop shop” solution to solving the challenge of high fees, minimum investments, and excessive paperwork.
Tom Douie, PM Alpha founder and CEO, stated:
“We aim to revolutionise private markets investments because we firmly believe that broad access to these markets is crucial for providing a wider range of asset classes to better serve the long-term needs of individual investors. We believe that in the current economic climate wealth managers need to have a larger toolkit to provide better long-term solutions to their clients and that’s what we aim to help them achieve”
Douie has previously worked for Morgan Stanley, Neuberger Berman and most recently at Muzinich & Co. Other executives at PM Alpha list a range of experience across well-known financial services firms.
PM Alpha describes itself as a digital marketplace for Asset & Wealth Managers, Advisors and Distributors. The company’s mission is to deliver “best-in-class global private investments.” PM Alpha did not share how it intends on sourcing deals.