JP Morgan Asset Management (JPMAM) has entered into a partnership with financial technology platform iCapital to expand access to alternative investments for Australian wholesale investors.
Through the new partnership, iCapital’s technology platform will be used to facilitate the distribution of JPMAM’s select global alternative strategies, allowing Australian investors to explore a broader range of investment opportunities in the alternative space.
“There is a growing appetite and surging demand, especially amongst Australian wholesale investors, to access and increase their allocations to alternatives which provide additional sources of uncorrelated returns, income opportunities, inflation management and diversification to their investment portfolios,” commented Mark Carlile, head of wholesale, Australia and New Zealand at JPMAM.
“By partnering with iCapital, we are able to streamline the investment journey, making alternatives more accessible, flexible and efficient for wholesale investors.”
JPMAM ranks as one of the world’s largest alternatives asset managers with US$213 billion in alternative assets under management and over 350 dedicated investment professionals.
The firm offers strategies across the sub-asset classes, including real estate, private equity and credit, infrastructure, transport, timber, liquid alternatives and hedged funds.
Andrew Creber, Australia and New Zealand CEO at JPMAM, said that the firm’s partnership with iCapital represents a significant milestone, with democratising alternatives being one of JPMAM’s strategic priorities globally.
“We are committed to transforming our offerings into an evergreen solution, enabling a wider group of investors to maintain a consistent exposure to the private markets in the long term,” he said.
“With the introduction of our global active ETF strategies last year and now the ability to access our global alternatives platform, we are able to provide the full breadth of investment solutions to Australian investors tailored to their investment objectives.”
iCapital has a total of US$170 billion in platform assets with a focus on supporting asset managers and distributors to expand access to private markets.
“We are honoured to expand our partnership with J.P. Morgan Asset Management, a global leader in investment management, to support them in their strategic ambition to be at the forefront of making private markets more accessible to wealth managers and wholesale investors in Australia”, commented Marco Bizzozero, head of international at iCapital.
“As wealth creation is increasingly taking place outside the public markets, this unique partnership offers access to the increased diversification benefits and better risk-adjusted returns that alternative investments can provide as a key component of a diversified investment portfolio.”
Jon Bragg is a journalist for Momentum Media's Investor Daily, nestegg and ifa. He enjoys writing about a wide variety of financial topics and issues and exploring the many implications they have on all aspects of life.