Post-trade services provider Clearstream is expanding its partnership with fintech platform iCapital, leading the world’s alternative investment marketplace for the wealth management industry.
Extensive collaboration will greatly increase efficiency and eliminate the operational challenges of investing in private markets.
Through this alliance, the broad menu of private market investment opportunities from the world’s leading asset managers, available on the iCapital Marketplace, will also be accessible through the Clearstream Fund Center and Clearstream Vestima platforms.
The partnership is an extension of the current relationship where €10 billion of iCapital funds have already been invested through Clearstream and will make the offering available to the Clearstream Fund Services ecosystem of over 450 distributors, including major wealth managers and private banks, in more from 55 domestic markets worldwide, with customers in more than 100 countries.
As a centerpiece of this partnership, Clearstream and iCapital will deepen their technology integration to further streamline operational and administrative processes for private markets investments, resulting in significant efficiency gains to meet the growing private wealth channel’s appetite for investment in the private market.
In addition to increasing convenience and efficiency when investing in private market funds, the technology partnership also leverages the Clearstream Fund Center digital ecosystem and provides seamless connectivity between the iCapital Marketplace and Clearstream. Users of iCapital Marketplace will be able to seamlessly integrate into Clearstream custody and distribution services.
Philippe Seyll, Head of Clearstream Fund Services, said:
“By strengthening our partnership with iCapital, we strengthen our value proposition to asset managers and distributors by providing them with a dedicated platform to aggregate and facilitate secure access to all asset classes – including private market assets . With our ecosystem of scalable, secure and integrated distribution and processing solutions, we are committed to supporting both ends of the distribution chain with data and services.”
Marco Bizzozero, Head of International at iCapital, emphasized the importance of the expanded partnership, stating:
“Wealth creation is increasingly occurring beyond the confines of the public market opportunities typically available to most investors. We are proud to strengthen our partnership with Clearstream, which will contribute to our mission to strengthen the world’s alternative investment market and enable Wealth Managers to access the growth and diversification opportunities that private markets can offer, as Alternative investments are increasingly becoming a key component of a balanced portfolio.”