Allfunds (AMS:ALLFG), the B2B WealthTech platform for the funds industry, announces that JP Morgan Asset Management has joined the Allfunds Private Partners (APP) program.
The APP program was reportedly launched back in 2023 in response to rising demand from asset managers to be able to “support their clients’ investments into private markets.”
Through the platform, asset managers gain “access to the widest distributor network worldwide enabling distributors in 60+ countries to access alternative funds in an automated and digital way.”
In joining the APP program, J.P. Morgan Asset Management will gain access to Allfunds’ global distribution network, “overseen by a specialised team and department, which will bring its solutions to a deeper pool of global investors.”
J.P. Morgan Asset Management joins a select group of alternative asset managers and financial services firms “such as Apollo, BlackRock, Blackstone, Carlyle, Franklin Templeton, KKR and Morgan Stanley Investment Management, who are already signed up to the program.”
The first product that J.P. Morgan Asset Management will make “available on the platform will be its JPMorgan ELTIFs – Multi-Alternatives Fund.”
Christoph Bergweiler, Head of Continental Europe Funds at J.P. Morgan Asset Management, stated:
“At J.P. Morgan Asset Management, we are excited to join the Allfunds Private Partners Programme, a pioneering initiative that enhances access to private market investments for a broader audience. This collaboration allows us to leverage our extensive expertise in private markets to deliver high-quality investment solutions to Allfunds’ expansive network of distribution partners. We are committed to working closely with Allfunds to educate and empower clients, helping them incorporate private market strategies into their diversified portfolios to achieve their long-term investment goals.”
Borja Largo, Chief Fund Groups Officer and Head of Alternative Solutions, Allfunds, added:
“Private markets continue to help investors grow their investment portfolios at a time when diversification is critical to offsetting the headwinds that financial markets continue to face. We are proud to welcome J.P. Morgan Asset Management to the APP programme; the sophistication of the global brand’s investment offering aligns to the calibre of products and solutions that Allfunds is committed to delivering to its clients. We look forward to furthering this collaboration, and to continuing our collective efforts to remove traditional barriers to innovative asset classes to help clients meet their distinct goals and interests.”
J.P. Morgan Asset Management currently oversees around “$400B in alternative investments, as they look to increase access for clients who are exploring strategies which enable greater diversification across the private markets investing universe.”