CAZ Investments, a US-based alternatives investor, has made one of its core investment strategies available on the iCapital Marketplace, citing growing private markets demand.

Its general partner (GP) stakes strategy, now accessible via iCapital, is focused on the purchase of a minority and passive interest in a private equity, or private credit, firm.

Read more: iCapital hires Bloomberg’s Sonali Basak as chief investment strategist

CAZ said that GP stakes strategies have “surged” in popularity because they provide a direct way to potentially benefit from the growth in private assets.

The total global allocation to private markets is estimated to grow to between $60tn (£44.5tn) and $65tn by 2032, from approximately $13tn currently, Bain & Company estimates.

CAZ also cited research by law firm Dechert last year, which revealed that as private equity firms seek growth capital, the number of firms considering selling a minority GP stake is forecast to increase 34 per cent in the next two years.

According to CAZ, these transactions “often help the firm finance customary GP capital commitments for new vintages and provide the resources needed to accelerate the growth of their business”.

Read more: Rise in GP stake sales as investors tap into alternatives

“CAZ curates unique and exclusive alternative investments for a global network of investors. iCapital allows us to further expand that network and support access for advisors who utilise the marketplace,” said Clark Edlund, partner and leader of the RIA capital formation effort at CAZ Investments. 

Founded in 2001, CAZ has more than $10bn in assets under management, and has created over 80 private and registered funds that pursue investment themes, such as GP stakes, disruptive technology, energy, and real estate.

Read more: LGT partners with iCapital to digitise alts business