Euroclear has announced an agreement with iCapital, an alternative investment marketplace for the wealth management industry.
With this partnership, Euroclear’s clients “will gain enhanced access to a broader range of alternative investments, including private equity, private credit, real estate, infrastructure, and hedge funds.”
The iCapital funds available on iCapital Marketplace “will complement and expand Euroclear FundsPlace’s current offerings, spanning multiple managers and investment strategies with reduced minimum investment requirements. This will make iCapital’s broad menu of investment opportunities available to over 2,500+ clients of Euroclear, including major private banks and custodians, in more than 120 countries.”
Through the integration of technology, Euroclear and iCapital aim “to streamline tasks such as subscription and administration processes of iCapital funds.”
This approach is designed to “reduce operational challenges and increase efficiencies when investing in alternatives.”
Additionally, iCapital Marketplace will “facilitate direct custody and execution flows to Euroclear, seeking to ensure a seamless and streamlined client journey, from education and investment selection to subscription, administration, life-cycle management and asset custody.”
Philippe Laurensy, Global Head of Group Strategy and Product Expansion at Euroclear said:
“As a natural expansion of our newly launched service for private market funds, this partnership with iCapital marks an important milestone broadening the investment opportunities available to our clients. This collaboration will establish a new standard in operational efficiency and effectiveness, delivering mutual benefits to both organisations and most importantly, serving the best interests of our clients.”
Marco Bizzozero, Head of International at iCapital, said:
“The iCapital and Euroclear teams share the common vision to allow banks and wealth managers to efficiently incorporate private market funds in client portfolios to help meet their investment objectives. This is another key milestone in iCapital‘s global expansion, and we are delighted to partner with Euroclear, a recognized financial market infrastructure provider, to make the growth and diversification opportunities that private markets can offer available to a broader number of investors.”
With Euroclear FundsPlace fund management companies, banks, institutional investors and custodians can benefit “from a single point of access to more than 250,000 funds across asset classes: mutual and money market funds, alternative funds (hedge and private market funds) and ETFs.”
Providing access to “a wide range of funds services (trading & custody, distribution, data services and operational due diligence), Euroclear FundsPlace delivers risk-mitigation, automation and efficiency at scale for its global client franchise.”
