Key Takeaways
- • Ardian, the Paris-based private investment house with more than $141 billion in alternative assets under management, has partnered with iCapital to give wealth managers access to its private market strategies.
- • Ardian's Private Wealth segment already represents more than $8.3 billion of AUM and over 600 investors, following the 2020 launch of its Private Wealth Solutions unit.
- • iCapital-created products tied to the partnership will be distributed through Allfunds, a B2B WealthTech platform.
- • The offering spans Private Equity, Real Assets and Private Credit strategies across Ardian's 15 offices in Europe, the Americas and Asia.
Summary
Ardian and iCapital have entered into a partnership to provide wealth managers with access to Ardian's private market investment strategies, according to a Business Wire release dated October 4, 2022. Under the arrangement, iCapital's technology platform and structuring solutions will be used to deliver Ardian's offerings to wealth managers and their high-net-worth clients. iCapital products created through the partnership will be available through Allfunds, which the release describes as one of the world's leading B2B WealthTech platforms.
The strategies available to wealth managers span Private Equity, Real Assets and Private Credit. Ardian describes itself as managing or advising $141 billion of assets for more than 1,300 clients globally, with more than 900 employees across 15 offices. Its Private Wealth segment already represents more than $8.3 billion of assets under management and over 600 investors. The firm launched its Private Wealth Solutions unit in 2020 and says it has spent the past three years developing new ways to give private clients and wealth managers greater access to private market assets.
The release frames the partnership against rising demand for alternatives from the wealth management community, whose clients have historically had limited access to appropriately structured alternative investments. It also notes that these investors increasingly prioritise ESG considerations. Ardian points to more than ten years of responsible investment work, including an annual ESG monitoring program for its Secondaries portfolio, and says it aims to assess GPs' practices and engage them on ESG integration.
Erwan Paugam, Head of Private Wealth Solutions and Managing Director at Ardian, said the partnership ensures wealth managers can seamlessly access the firm's expertise in Private Equity, Real Assets and Private Credit. Marco Bizzozero, Head of International at iCapital, described the deal as another milestone in iCapital's global expansion. iCapital, founded in 2013 and headquartered in New York, reported more than $138 billion in global client assets as of August 31, 2022, across more than 1,100 funds.
The strategies available to wealth managers span Private Equity, Real Assets and Private Credit. Ardian describes itself as managing or advising $141 billion of assets for more than 1,300 clients globally, with more than 900 employees across 15 offices. Its Private Wealth segment already represents more than $8.3 billion of assets under management and over 600 investors. The firm launched its Private Wealth Solutions unit in 2020 and says it has spent the past three years developing new ways to give private clients and wealth managers greater access to private market assets.
The release frames the partnership against rising demand for alternatives from the wealth management community, whose clients have historically had limited access to appropriately structured alternative investments. It also notes that these investors increasingly prioritise ESG considerations. Ardian points to more than ten years of responsible investment work, including an annual ESG monitoring program for its Secondaries portfolio, and says it aims to assess GPs' practices and engage them on ESG integration.
Erwan Paugam, Head of Private Wealth Solutions and Managing Director at Ardian, said the partnership ensures wealth managers can seamlessly access the firm's expertise in Private Equity, Real Assets and Private Credit. Marco Bizzozero, Head of International at iCapital, described the deal as another milestone in iCapital's global expansion. iCapital, founded in 2013 and headquartered in New York, reported more than $138 billion in global client assets as of August 31, 2022, across more than 1,100 funds.
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