HNWIs

Early mover ADDX is providing accredited investors with access to blue chip private equity funds, including Partners Group’s €5.5bn Global Value SICAV.

Former alums from Blackstone and HQ Capital plan to launch a digital fundraising platform called LUCA, which will connect alternative asset managers with Japanese investors, Private Equity International has learned.

The platform joins the likes of Cambridge Associates, Blackstone and Credit Suisse in attempting to capture Asia’s burgeoning HNWI opportunity.

Asia is expected to supplant Europe as world’s second largest UHNWI hub by 2024, a dynamic that has caught the attention of private markets.

Credit Suisse’s head of private banking for Asia, François Monnet, has said the firm recommends UHNWIs allocate up to 25% to alternative asset classes.

The Berlin fintech last month snapped up Winson Ng, former head of UBS Wealth Management’s PE team, and Sweta Chattopadhyay, former head of PE at bfinance.

The pandemic has upended high-net-worth investors in the region’s near- to medium-term appetite for alternative asset classes.

Corporate pensions, family offices and high-net-worth investors are increasingly making up a bigger share of capital commitments.

The €25.7bn firm is in market with at least seven funds and has promoted its Iberia head to concurrent head of the UK.