Posted inBusiness moves

JPMAM partners with iCapital to offer alternatives in Apac

The collaboration will provide private market assets through a fintech platform.

J.P. Morgan Asset Management (JPMAM) and iCapital have announced a partnership to open up access for Apac wealth managers and their clients to JPMAM’s private market investment capabilities, covering asset classes including private equity, infrastructure, transportation and real estate.

The announcement builds on a long-standing relationship between the two companies. In 2018, J.P. Morgan became a strategic investor in iCapital, a global fintech platform for alternative investments for the wealth management industry. The two companies initiated their first distribution partnership in Australia in 2023 to expand alternative solutions to wholesale investors in Australia.

Through this latest Apac regional collaboration, iCapital will provide its technology platform to facilitate the distribution of JPMAM’s global alternative strategies, enabling Apac private wealth investors to explore a broader range of private market investment opportunities. JPMAM has $213bn in alternative assets under management globally.

“The partnership with iCapital signifies our commitment to alternative democratization for private wealth investors,” said Gary Leung, head of alternatives, Asia Pacific clients, JPMAM, in a statement.

“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,” he added.

“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 J.P. Morgan Asset Management to deliver a comprehensive menu of alternative investments to clients in the Apac region,” said Marco Bizzozero, head of international, iCapital.

Part of the Mark Allen Group.