Sydney, Hong Kong, Zurich — J.P. Morgan Asset Management (JPMAM) and iCapital1 today announced a new partnership to open up access for Australian wholesale investors to alternative investments.
Through this collaboration, iCapital will provide its proprietary and industry-leading technology platform to facilitate the distribution of JPMAM’s select global alternative strategies, enabling Australian investors to explore a broader range of investment opportunities in the alternative space.
“There is a growing appetite and surging demand, especially amongst Australian wholesale investors, to access and increase their allocations to alternatives which provide additional sources of uncorrelated returns, income opportunities, inflation management and diversification to their investment portfolios,” said Mark Carlile, Head of Wholesale, Australia and New Zealand, JPMAM. “By partnering with iCapital, we are able to streamline the investment journey, making alternatives more accessible, flexible and efficient for wholesale investors.,” adds Carlile.
“This partnership marks an important milestone as democratizing alternatives is one of our strategic priorities globally. We are committed to transforming our offerings into an evergreen solution, enabling a wider group of investors to maintain a consistent exposure to the private markets in the long term,” said Andrew Creber, Australia and New Zealand CEO, JPMAM. “With the introduction of our global active ETF strategies last year and now the ability to access our global alternatives platform, we are able to provide the full breadth of investment solutions to Australian investors tailored to their investment objectives.”
“We are honored to expand our partnership with J.P. Morgan Asset Management, a global leader in investment management, to support them in their strategic ambition to be at the forefront of making private markets more accessible to wealth managers and wholesale investors in Australia”, said Marco Bizzozero, Head of International, iCapital. “As wealth creation is increasingly taking place outside the public markets, this unique partnership offers access to the increased diversification benefits and better risk-adjusted returns that alternative investments can provide as a key component of a diversified investment portfolio.”
JPMAM is one of the world’s largest alternatives asset managers with USD 213 billion in alternative assets under management (AUD 312 billion) and more than 350 dedicated investment professionals2, offering strategies across the sub-asset classes, including real estate, private equity and credit, infrastructure, transport, timber, liquid alternatives and hedged funds.
iCapital is a global leading financial technology platform with USD 170 billion3 in platform assets, supporting both asset managers and distributors to expand the access to private markets.
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For further information please contact:
Carmen Lau, Head of Marketing, Australia and New Zealand
Telephone: +61 3 9633 4098
Email: [email protected]
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of USD 2.9 trillion (as of September 30, 2023), is a global leader in investment management. J.P. Morgan Asset Management’s clients include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity.
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorgan Chase had USD 3.9 trillion in assets and USD 317 billion in stockholders’ equity as of September 30, 2023. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
Investments involve risks and are not similar or comparable to deposits. Yields are not guaranteed. Positive yields do not imply positive returns. Diversification does not guarantee positive returns or eliminates risks of loss. Investors should seek financial advice to understand the risks associated and in making any investment decision. The information is general in nature and does not take into account any specific investor’s objectives or circumstance. The manager seeks to achieve its stated objectives, there is no guarantee they will be met.
J.P. Morgan Asset Management is the brand for the asset management business of JPMorgan Chase & Co. and its affiliates worldwide. To the extent permitted by applicable law, we may record telephone calls and monitor electronic communications to comply with our legal and regulatory obligations and internal policies. Personal data will be collected, stored and processed by J.P. Morgan Asset Management in accordance with our privacy policies at https://am.jpmorgan.com/global/privacy. This communication is issued to wholesale clients only as defined in section 761A and 761G of the Corporations Act 2001 (Commonwealth), by JPMorgan Asset Management (Australia) Limited (ABN 55143832080) (AFSL 376919).
This material has been prepared and issued by JPMorgan Asset Management (Australia) Limited (ABN 55 143 832 080) (AFSL No. 376919) being the investment manager. It is for general information only, without taking into account your objectives, financial situation or needs and does not constitute personal financial advice. Before making any decision, it is important for investors to consider the appropriateness of the information and seek appropriate legal, tax, and other professional advice. For more detailed information relating to the risks of the Fund, the type of customer (target market) it has been designed for any distribution conditions please refer to the relevant Product Disclosure Statement and Target Market Determination which have been issued by Perpetual Trust Services Limited, ABN 48 000 142 049, AFSL 236648, as the responsible entity of the fund, available on https://am.jpmorgan.com/au.
About iCapital
Founded in 2013, iCapital is the leading global fintech company powering the world’s alternative investment marketplace. iCapital has transformed how the wealth management, banking, and asset management industries facilitate access to private markets investments for their high-net-worth clients by providing intuitive, end-to-end technology and service solutions; education tools and resources; and robust diligence, compliance, and portfolio analytics capabilities. iCapital’s solutions enable organizations to streamline and scale their operational infrastructure for alternative investments and to provide access to direct investments and feeder funds at lower minimums through simplified digital workflows.
iCapital-managed platforms offer wealth advisors and their high-net-worth clients access to an extensive menu of private investments, including equity, credit, real estate, infrastructure, hedge funds, structured investments, annuities, and risk-managed solutions. iCapital has been recognized on the Forbes Fintech 50 list each year from 2018 to 2022, the Forbes America’s Best Startup Employers in 2021, 2022, and 2023, and MMI/Barron’s Industry Awards as Solutions Provider of the Year in 2020, 2021, and 2022.
As of October 31, 2023, iCapital services over $170 billion in global client assets, of which about $27 billion are from international investors (non-US Domestic) across more than 1,300 funds. Employing 1,200 people globally, iCapital is headquartered in NYC and has offices worldwide, including in Zurich, London, Lisbon, Hong Kong, Singapore, and Toronto.
For more information, visit www.icapital.com | Twitter: @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc
1. iCapital, Inc., and its affiliates (together, “iCapital”)
2. Source: JPMAM as at 30 September 2023. The AUD/USD exchange rate as at 27 November 2023 was 0.66.
3. Source: iCapital as at 31 October 2023.
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This material is provided for informational purposes only and is not intended as, and may not be relied on in any manner as legal, tax or investment advice, a recommendation, or as an offer to sell, a solicitation of an offer to purchase or a recommendation of any interest in any fund or security. You should consult your personal accounting, tax and legal advisors to understand the implications of any investment specific to your personal financial situation. This material does not intend to address the financial objectives, situation or specific needs of any individual investor. Alternative investments are complex, speculative investment vehicles and are not suitable for all investors. No offering of a fund is being made hereby. Any offer or solicitation of fund interests shall be made pursuant to the applicable fund’s offering documents, which will contain information regarding the applicable fund’s investment objectives, the terms and conditions of an investment in such fund, and certain risks and tax information related to an investment in such fund.
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