The Sydney-based fintech, which is backed by Carthona Capital, aims to provide investment opportunities that are normally reserved for institutional investors to family offices, SMSFs or sophisticated individual investors.
Reach Alts said its platform enables Australian investors access to private market investment opportunities from PGIM Real Estate, Apollo Global Management and EQT, and it expects more asset managers to join the platform going forward.
Sam Phillips, chief executive and co-founder of Reach Alts, said: “We are extremely proud to launch our platform, which opens access to some of the world’s largest managers. It means that individual sophisticated Australian investors can finally access top-tier, unlisted private market funds from the world’s largest asset managers, without the prohibitive typical minimum investment of starting at US$10 million.
“The push for democratisation of global private market funds and the inclusion of sophisticated individual investors is one of the biggest changes facing asset managers. The Reach Alts platform solves this problem by providing sophisticated investors in Australia with access to funds managed by some of the biggest names in global asset management, with some of the longest track records of outperformance in the industry.
“We are delighted to launch with PGIM Real Estate, Apollo Global Management and EQT, and we look forward to announcing more partners soon.”
Reach Alts said access to its launch range of feeder funds is capped and will be available until 16 December, unless allocations are filled prior. The investment term is between five and 10 years, with the potential for limited liquidity provided by Reach Alts’ investor community on a best-efforts basis following an initial lock-up period.
