Wellington Management partners with iCapital to bring alternatives offering to wealth managers

investmentweek.co.uk:

As part of the collaboration, iCapital will leverage its technological capabilities to distribute Wellington’s alternatives range to wealth managers around the world.

As part of this collaboration, investors in Asia, EMEA, North America and Latin America will have access to Wellington's alternatives range via the iCapital platform.

The partnership reflects Wellington's strategic commitment to expanding its alternative investments platform, particularly within the wealth management channel, according to the firm.

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«We are honoured to join forces with Wellington to unlock new opportunities for wealth managers and their clients,» said Marco Bizzozero, head of international at iCapital. «By combining iCapital's technology-driven platform with Wellington's industry-leading asset management capabilities, we aim to deliver a seamless and comprehensive solution for wealth managers looking to incorporate alternative investments into their client portfolios.»

Michael Carmen, private equity lead portfolio manager and co-head private investments at Wellington Management, added: «We are excited to provide wealth managers access to funds on Wellington Management's $32bn hedge fund and private equity platform. Our partnership with iCapital allows us to meet our clients' growing appetite for alternative investments.»

Cindy Marrs, head of global wealth management at Wellington Management, said: «Alternative investments are a strategic priority for our wealth management partners. Delivering our investment solutions in an efficient and accessible manner is a key part of helping our end beneficiaries meet their financial goals.»

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