J.P. Morgan Asset Management (JPMAM) and iCapital[ today announced a new partnership to open up access for Australian wholesale investors to alternative investments.
Through this collaboration, iCapital will provide its proprietary technology platform to facilitate the distribution of JPMAM’s global alternative strategies.
“There is a growing appetite and surging demand, especially among 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,” said Mark Carlile, head of wholesale, Australia and New Zealand, JPMAM, in a statement.
JPMAM has $213bn of alternatives in assets under management, according to US firm. It offers strategies including real estate, private equity and credit, infrastructure, transport, timber, liquid alternatives and hedged funds.
“By partnering with iCapital, we are able to streamline the investment journey, making alternatives more accessible, flexible and efficient for wholesale investors,” Carlile added.
iCapital is a global financial technology platform with $170bn in platform assets, supporting both asset managers and distributors to access the private markets, according to the statement.
“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,” said Marco Bizzozero, head of international, iCapital.
