JP Morgan Asset Management (JPMAM) has teamed up with fintech iCapital in a bid to promote its alternatives offering in the Apac market.
The US asset manager will use iCapital’s technology platform to distribute its alternative funds to Apac wealth managers and clients.
The funds will cover a range of asset classes including private equity, infrastructure, private credit and real estate.
It is not the first time the two firms have worked together. Last year, JPMAM and iCapital struck a similar agreement for the distribution of funds in Australia.
According to Gary Leung, head of alternatives, Asia Pacific, JPMAM, the alliance will enable private wealth investors in the region to explore a broader range of market opportunities.
“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,” said Leung.
©2024 funds global asia