Wealth Club’s private markets platform hits £30m in assets
Wealth Club’s private markets investment platform has reached £30m in assets less than a year after its launch.
The non-advisory investment platform launched its private markets offering last November. Since then, it has offered its clients access to 13 private markets funds, including from the likes of Ares, Aberdeen, Apollo and Oaktree.
It is also in discussions with another five private equity firms, four private credit fund managers and four infrastructure managers, collectively representing $3.5tn in assets under management.
The platform allows investors access to private markets funds from a minimum of £10,000.
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“The strong momentum we’re seeing – both from fund managers and our members – shows there’s a real appetite for innovation in this space,” commented Alex Davies, founder and chief executive of Wealth Club.
Wealth Club was launched in 2016 by former Hargreaves Lansdown director Davies, offering tax-efficient investments to clients. Its private markets platform is a supermarket for semi-liquid funds, which have gained momentum in recent years.
Its estimated that the semi-liquid fund market, also called evergreen, has more than €83bn in assets under management, according to Novantigo. The analysts project the market could exceed €240bn by the end of 2028.
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