J.P. Morgan Asset Management has expanded its partnership with fintech platform iCapital, opening up access for Asia-Pacific wealth managers and their clients to JPMAM’s private market investment capabilities.
In this latest collaboration, iCapital will provide its technology platform to facilitate the distribution of JPMAM’s select global alternative strategies, enabling investors in the region to explore a broader range of private market investment opportunities, such as in private equity, infrastructure, transportation and real estate.
J.P. Morgan became a strategic investor in iCapital in 2018 and the two companies initiated their first distribution partnership in Australia in 2023 to expand alternative solutions to wholesale investors in Australia.
“The partnership with iCapital signifies our commitment to alternative democratization for private wealth investors. At a time of unprecedented benefits and demand for alternative investments, we see significant growth opportunities in private wealth alternatives and believe the democratization of private markets remains a key growth driver for the industry over the coming years,’ says Gary Leung, head of alternatives, Asia-Pacific clients, at JPMAM. “We look forward to enhancing our relationship with iCapital to further streamline access to private market investing opportunities.”
Marco Bizzozero, head of international at iCapital, adds: “With wealth managers increasingly looking to private markets as a way to help their clients improve their financial outcomes, we are delighted to deepen our partnership with [JPMAM] to deliver a comprehensive menu of alternative investments to clients in the APAC region.”
Handling US$179 billion in assets as of January 31 2024, the iCapital operating system automates and streamlines the complex process of private market investing and integrates with clients’ existing infrastructure platform and tools.
