TOKYO, HONG KONG, ZURICH & NEW YORK — iCapital1, the global fintech platform driving the world’s alternative investment marketplace for the wealth management industry, today announced the launch of a unique multi-strategy private market offering with Resona Bank, a leading commercial bank in Japan that provides a wide range of services including trust business. The investment offerings by Resona Bank through iCapital’s platform are designed primarily for Japanese corporate pensions and include private equity, infrastructure, private credit, and real estate strategies managed by leading global investment firm KKR.
“iCapital has demonstrated its long-term commitment to the Japanese market by building local resources and capabilities to support private markets investing for the important segment of our clients. As one of the world’s leading alternative asset managers, KKR is one of a select few alternative investment managers who can provide scaled products across its main private markets asset classes,” said Mr. Keishi Yamashita, Executive Officer at Resona Bank. “Launching this range of investment offerings will allow our clients to explore allocations to private markets, which can help support diversification goals and potentially offer enhanced return and income opportunities. With deep understanding of clients’ actual needs, we are fully committed to providing investment solutions which contribute to their build-up of assets with a long-term horizon, and to carrying out our fiduciary duties.”
iCapital, alongside Resona Bank and KKR, curated the Japanese Yen-denominated offerings to offer Japanese corporate pensions access to a range of KKR’s main investment verticals across private equity, infrastructure, private credit, and real estate, in a semi-liquid format with a currency hedging solution.
“This innovative investment offering for the Japanese market powered with iCapital’s technology and solutions marks another important milestone in our global expansion. Resona Bank’s innovative approach to sourcing high-quality investments for its Japanese clients provides a unique opportunity for Japanese corporate pensions,” said Mr. Marco Bizzozero, Head of International at iCapital. “As demand for private market investments from Japanese high-net-worth as well as institutional investors continues to accelerate, the KKR offering will provide Resona’s clients with opportunities to meet their evolving needs for portfolio diversification and returns.”
“We are delighted to introduce iCapital’s capabilities including our technology platform to Japan, for the first time, through this fund launch,” said Mr. Masato Degawa, Chairman of iCapital Japan. “We are excited that iCapital’s highly automated technology platform and operational efficiencies enable both Resona Bank and KKR to offer such unique multi-strategy products to numerous clients leveraging digital workflows and reducing paper-based processes. Going forward, distributors and asset managers will be able to introduce more private markets products with much shorter lead-times in Japan.”
Mr. Go Yamashita, Managing Director at KKR, added, “We are committed to delivering high-quality investment solutions in an innovative way that broadens access to alternative investment opportunities. We are delighted to be collaborating closely with Resona Bank, a longstanding and trusted name in Japan with a deep understanding of long-term performance in private markets, and iCapital, which has established itself as a pioneer with its tech-enabled platform focused on the asset and wealth management industry globally.”
iCapital’s global financial technology platform, analytic tools, and advisor education resources enables distributors, local asset managers and fund managers to streamline their operational infrastructures to provide institutional investors and high-net-worth investors with a digital investing experience across a broad spectrum of alternative investments.
About Resona Bank
Resona Bank is one of the commercial banks under the umbrella of Resona Holdings, Inc. (TSE Prime: 8308), with the total banking assets of 40.4 trillion Japanese yen and 324 staff-equipped branch offices across Japan (as of September 30, 2023). Not only is it one of the five largest banks in Japan, but it is also the largest commercial bank with full-line trust business within the same organization in the country. As of December 31, 2023, the total trust assets amount to 29.9 trillion yen. With efforts to create brand-new value beyond the boundary of traditional financial services and solve the diverse and advanced issues surrounding customers and local communities, the Bank aims to enhance its sustainable social value and corporate value, and ultimately to achieve a goal of being “No. 1 in Retail Banking”.
The Bank’s asset management division, which dates back to 1962 when the pension investment department was established at Daiwa Bank (currently Resona Bank), leverages its extensive retail-banking network and expertise in long-term globally diversified investments which have been cultivated over more than half a century of history. The division provides high-quality asset management services to support the medium- to long-term build-up of wealth for a wide range of customers.
Continuously, the Bank will strive to improve our investment performance with most careful attention to the economic and market environments, while adhering to the Resona Group’s fundamental principle of “Customer’s delight is Resona’s delight”. In addition, it will also play a role as a strategic partner for customers by providing various solutions including asset management, plan designs, and administrative tasks.
About iCapital
iCapital powers the world’s alternative investment marketplace offering a complete suite of tools, end-to-end enterprise solutions, data management and distribution capabilities and an innovative operating system. iCapital is the trusted technology partner to independent financial advisors, wealth managers, and asset managers, offering unrivaled access, technology, and education to incorporate alternative assets into the core portfolio strategies for their clients.
At the forefront of the digital transformation in alternative investing, iCapital’s secure platform delivers a complete portfolio of management capabilities for education, transactions, data flows, analytics, and client support throughout the investment lifecycle. With $184.7 billion2 in global platform assets, the iCapital operating system automates and streamlines the complex process of private market investing and seamlessly integrates with clients’ existing infrastructure platform and tools.
iCapital employs more than 1450 people globally, and has 12 offices worldwide including New York, Greenwich, Zurich, Lisbon, London, Hong Kong, Singapore, Tokyo, and Toronto. iCapital has consistently been recognized for its outstanding innovation, fintech industry leadership, and performance including Forbes Fintech 50 for 2018, 2019, 2020, 2021, 2022, 2023, and 2024 and MMI/Barron’s Industry Awards as Solutions Provider of the Year for 2020, 2021, 2022, and 2023.
For more information, visit icapital.com | Twitter (X): @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc/
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.
Media Contacts
| iCapital Japan Media Contact [email protected] +81 3-5425-7220 |
iCapital US Media Contact [email protected] +1 919-602-2806 |
1. iCapital, Inc. together with its affiliates, "iCapital"
2. As of March 31, 2024
Resona Bank Disclosures
This press release does not constitute the Bank’s offering, marketing or solicitation of its financial services or instruments including multi private assets strategy described in this release. There is no guarantee that such strategy will generate positive return and income. Additionally, there is a possibility that principals invested in such strategy will be impaired. The Bank reserves the right to modify or terminate such strategy anytime at its discretion without any public announcements.
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ALTERNATIVE INVESTMENTS ARE CONSIDERED COMPLEX PRODUCTS AND MAY NOT BE SUITABLE FOR ALL INVESTORS. Prospective investors should be aware that an investment in an alternative investment is speculative and involves a high degree of risk. Alternative Investments often engage in leveraging and other speculative investment practices that may increase the risk of investment loss; can be highly illiquid; may not be required to provide periodic pricing or valuation information to investors; may involve complex tax structures and delays in distributing important tax information; are not subject to the same regulatory requirements as mutual funds; and often charge high fees. There is no guarantee that an alternative investment will implement its investment strategy and/or achieve its objectives, generate profits, or avoid loss. An investment should only be considered by sophisticated investors who can afford to lose all or a substantial amount of their investment.
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