LONDON, NEW YORK and ZURICH – Pemberton, a leading alternative credit specialist, announced today a strategic partnership with iCapital to expand its Wealth Management Solutions initiative. Through this partnership, Pemberton will leverage iCapital’s end-to-end technology solutions and have access to iCapital’s distribution partnerships to expand the offering of Pemberton’s private debt strategies to wealth managers globally.
iCapital is a leading global fintech platform, driving access and efficiency in alternative investing for the asset and wealth management industries. Historically, European alternative credit has primarily been accessible to institutional investors. However, wealth managers and private banks are increasingly seeking exposure to the asset class to achieve portfolio management goals of diversification and income enhancement in the current low yield environment.
The partnership with iCapital will provide wealth managers and their clients with a convenient digital experience and access to Pemberton’s deep expertise in alternative credit, based on its network of European sourcing offices and its rigorous credit processes.
Pemberton’s offering will be particularly attractive to private wealth investors seeking a greater focus on ESG. To date, Pemberton has structured €4.15bn* of loans with margin ratchets designed to incentivise borrowers to improve their ESG footprint in relation to a range of criteria, including to reduce carbon emissions, improve corporate governance, invest in local communities, and promote equal opportunity and diversity.
Symon Drake-Brockman, Managing Partner at Pemberton, said: “We are always looking for new ways to evolve our offering to enable current and new investors globally to achieve their investment goals. This is particularly important in the current low yield environment and will provide investors access to products to achieve their sustainable investment requirements. This is why we’ve partnered with iCapital to further open up the market in innovative ways to offer investors exposure to private debt.”
Michele Baldessarini, Head of Wealth Management Solutions at Pemberton, said: “Last year, we launched our Wealth Management Solutions initiative based on our conviction that alternative credit should be accessible to a broader scope of investors. By partnering with iCapital, we’re fulfilling that goal by giving a wider investor pool access to our strategies via a user-friendly digital platform. This partnership will give wealth managers and their clients access to our pan-European portfolios, state-of-the-art credit underwriting systems and ESG-focused investments.”
Marco Bizzozero, Head of International at iCapital, said: “Opportunities to invest in the European private credit market have been very limited to date for investors who lack the scale of an institutional investor. iCapital’s technology and solutions are rapidly changing that by facilitating access and increasing efficiency and transparency. This innovative partnership with Pemberton aims to support their priority of providing wealth managers and their clients with institutional-quality access to European private credit as part of a diversified client portfolio.”
*As per March 2022 since inception.
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Notes to Editors:
All information is correct at 28 March 2022 unless otherwise noted.
For further details, contact:
Pemberton Media Contacts
United Kingdom
Carl Leijonhufvud, [email protected] +44 (0)79 0185 3494
Viktor Tsvetanov, [email protected] +44 (0)78 8466 7775
North America
Candace Carpenter, [email protected], +1 720-319-8166
Australia
Fiona Portet, [email protected], +61 478 708 794
iCapital Media Contacts
United Kingdom
Gabriel Huntley, [email protected] +44 (0)7890 626 099
North America
Emma Murphy, [email protected] +1 347-968-6800
Switzerland
Tanja Kocher, [email protected] +41 31 311 43 48
Asia
Marylene Guernier, [email protected] + 852 5225 7820
About Pemberton Asset Management
Pemberton Asset Management (‘Pemberton’) is a leading European private debt manager transforming traditional credit markets, backed by one of Europe’s largest insurers Legal & General Group PLC. Pemberton is focused on delivering attractive risk-adjusted returns for global investors and long-term capital for European borrowers, which provides growth capital for the wider European economy. Pemberton uniquely blends asset management and banking expertise and offers mid-market companies in the UK and Europe an alternative to bank finance. With an approach focused on risk transparency, Pemberton aims to bring clarity to complex credit markets for investors, borrowers and banks. For more information, please visit our website at www.pembertonam.com.
About iCapital
Founded in 2013 in NYC, iCapital is the leading global fintech company powering the world’s alternative investment marketplace. It has transformed the way 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. Wealth management firms use iCapital’s solutions to provide clients with quality funds at lower minimums and simplified digital workflows. Asset managers, RIAs and banks leverage iCapital’s technology to streamline and scale their alternative investments operational infrastructure. Additionally, the iCapital ‘flagship’ platform offers wealth advisors and their high-net-worth clients access to a curated menu of private equity, private credit, hedge funds, structured notes, and other alternative investments to help meet their investing needs for return and diversification. iCapital’s research and diligence team offers robust analysis alongside the firm’s extensive suite of advisor education, compliance, portfolio management, and portfolio analytics tools and services. iCapital was recognized on the Forbes FinTech 50 list in 2018, 2019, 2020 and 2021, the Forbes America’s Best Startup Employers in 2021 and 2022, and MMI/Barron’s Industry Awards as Solutions Provider of the Year in 2020 and 2021. As of February 28, 2022, iCapital services over $115 billion in global client assets, of which more than $28 billion are from international investors (non-US Domestic), across more than 970 funds. Employing more than 750 people globally, iCapital is headquartered in NYC and has offices in Zurich, London, Lisbon, Hong Kong, Singapore, and Toronto.
For additional information, please visit the iCapital website at icapital.com | LinkedIn: https://www.linkedin.com/company/icapital-network-inc | Twitter: @icapitalnetwork
See disclosures here.
Disclaimer
The above press release is for information purposes only and it should not be regarded as an offer or solicitation of an offer. We do not represent that this information, including any third-party information, is accurate or complete and it should not be relied upon as such. Investing entails risks, including possible loss of principal. Past performance is not indicative of future results. The information contained in this press release is given at the date of this publication (unless otherwise marked) and is subject to updating, revision and amendment. The opinions expressed reflect the opinion of the named individual and are subject to change without notice.
This document has been prepared and issued by Pemberton Capital Advisors LLP. Pemberton Capital Advisors LLP is authorised and regulated by the Financial Conduct Authority (‘FCA’) and entered on the FCA Register with the firm reference number 561640 and is registered in England and Wales at 52 Grosvenor Gardens, London, SW1W 0AU, United Kingdom. Registered with the US. Securities and Exchange Commission as an investment adviser under the U.S. Investment Advisers Act of 1940 with CRD No. 282621 and SEC File No. 801-107757.
Tel: +44(0) 207 993 9300. www.pembertonam.com
Pemberton is a registered trademark. © Pemberton
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 offered by Institutional Capital Network, Inc. or its affiliates (together “iCapital”). Securities may be offered through iCapital Securities, LLC, a registered broker dealer, member of FINRA and SIPC and subsidiary of Institutional Capital Network, Inc. (d/b/a iCapital). iCapital Advisors, LLC, a subsidiary of Institutional Capital Network, Inc (d/b/a iCapital), is an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”). These registrations and memberships in no way imply that the SEC, FINRA or SIPC have endorsed the entities, products or services discussed herein. iCapital and iCapital Network are registered trademarks of Institutional Capital Network, Inc. Additional information is available upon request.
