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US-based wealth administration agency Mercer Advisors has arrange a brand new platform to develop entry to non-public markets.
The monetary planner with $60bn (£47bn) in consumer belongings has launched Aspen Companions, which can present a curated portfolio of investments together with non-public debt and fairness to Mercer’s certified shoppers.
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The platform was in-built partnership with non-public markets platform Opto Investments. Each corporations are backed by Singapore’s sovereign wealth fund GIC.
“As one of many world’s largest non-public markets traders, we acknowledge how necessary non-public belongings will be to long-term portfolio outcomes. We’re thrilled to associate with Mercer Advisors and Opto Investments to assist make institutional-grade non-public investing obtainable to particular person households,” stated Eric Wilmes, president and head of personal fairness, Americas at GIC.
Donald Calcagni, chief funding officer at Mercer Advisors, commented: “It’s clear to me that restricted entry, excessive charges and funding minimums, opaque reporting, and arduous administration have made non-public markets investing tough and unattractive to many high-net-worth (HNW) traders and the advisory corporations who serve them.”
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The Aspen Companions platform will provide investments with low minimums and decrease portfolio-level prices, in response to the assertion.
“Aspen Companions is constructed to deliver a fiduciary-centered strategy to non-public markets by offering traders entry to selectively chosen non-public managers. Simply as we’ve used our institutional shopping for energy in public markets to attenuate expense ratios for shoppers, we’ve now centered our purchasing energy on non-public markets to make it simpler for our certified shoppers to take a position alongside main non-public traders,” Calcagni added.
Mercer Advisors is planning to launch a number of funds for shoppers to construct a diversified non-public markets portfolio.
On the identical time, Mercer Advisors has expanded its management workforce, with Bob Burlinson taking over the function of senior director in non-public markets, joined by Will Rockett, who shall be a senior director within the funding technique group.
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