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Alternative Investments

Fidelity expands private equity offerings

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Fidelity Institutional has expanded its alternative investments platform for financial intermediaries.

The expansion will provide wider access to private equity funds for Fidelity Institutional clients through strategic relationships with iCapital, CAIS and Goldman Sachs Asset Management, the Boston-based company announced.

Head of product for Fidelity Institutional, Mark Haggerty, said in a statement, “Delivering increased access to private equity has been a priority since we launched our alternative investments platform more than two years ago”.

“Advisors have been looking for an effective way to leverage this type of investment strategy. By working with some of the major providers in the private equity space, we believe our offering gives advisors who are interested in private equity the tools to efficiently evaluate and incorporate these investments into their clients’ portfolios.”

Launched in 2013, Fidelity’s alternatives platform provides clients with research, education and third-party due diligence.

Under the expansion, Fidelity Institutional investors have access to iCapital Network’s curated list of private equity investments at $100,000 (£69242.49) minimum account level requirements. The investments are complemented by research and diligent tools integrated with Fidelity’s platform.

Fidelity clients will be able to access CAIS’s electronic subscriptions, reporting and portfolio construction tools.

GSAM will provide Fidelity Institutional clients with access to portfolios of external private equity and hedge fund managers, as well as its alternative investment thought leadership.

In addition, Fidelity’s Alternative Investments Network allows clients to access registered private equity products for accredited investors.

Risk Warning:

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Paul

The author Paul