Vontobel launches private markets offering
From September 2023, Vontobel will offer investment solutions in the area of private markets to selected wealth management clients, enabling them to further diversify their investment portfolios. In the future, clients will be able to make long-term investments in this asset class through a multi strategy fund.
At Investor Day 2022, the investment firm announced its intention to enable Vontobel wealth management clients to invest in private markets in the future. Vontobel has therefore now reached its first cooperation agreement with an international private markets expert.
Vontobel will work with Portfolio Advisors, LLC in order to expand its investment offering. Portfolio Advisors, LLC is a global private asset manager specializing in the US middle market and it offers a range of investment programs in the areas of private equity, private credit and private real estate assets. Portfolio Advisors, LLC is headquartered in Darien, Connecticut, and has more than 130 employees worldwide across its offices in Dallas, London, Zurich, Hong Kong and Singapore. In Switzerland, Portfolio Advisors, LLC already works with a series of renowned pension funds. In February 2023, Portfolio Advisors, LLC announced its merger with FS Investments, a specialist in alternative investments. The transaction closed at end-June 2023 and the combined company managed over USD 75 billion in assets for its clients as of June 30, 2023.
“Our collaboration with Portfolio Advisors, LLC is the first step we are taking in the implementation of our private markets strategy for selected wealth management clients at Vontobel. Investors are looking for ways to invest in private markets. Our clients can participate in developments in this special asset class through a muti strategy fund that is tailored to their needs,” stated Georg Schubiger, Head Wealth Management at Vontobel.
"With the team at Portfolio Advisors, LLC we have a partner at our side which, with its many years of experience in the private markets segment and in working with institutional investors, can support us in developing attractive investment solutions in this asset class for our clients. Private markets investments can be an attractive longer-term addition to large, sophisticated portfolios in particular," stated Christel Rendu de Lint, Head Investments at Vontobel.
“Private markets” is the collective term used to describe asset classes that are not traded on the stock market, including private equity, private debt, venture capital, real estate and infrastructure. Having originally been limited to direct investments in private companies, private equity today encompasses various investment strategies where private equity funds invest simultaneously in a number of companies.
At Vontobel, we actively shape the future. We create and pursue opportunities with determination. We master what we do – and we only do what we master. This is how we get our clients ahead. As a globally active investment manager with Swiss roots, we specialize in wealth management, active asset management and investment solutions. We harness the power of technology to deliver a high-quality, individual client experience and to deploy our investment expertise across multiple platforms and ecosystems. We empower our employees to take ownership of their work and bring opportunities to life. We do so based on the conviction that successful investing begins with the assumption of personal responsibility. We continuously scrutinize our achievements as we strive to exceed the expectations of our clients. The registered shares of the Vontobel Holding AG are listed on the SIX Swiss Exchange. The Vontobel families' close ties to the company guarantee our entrepreneurial independence. We consider the resulting freedom as an obligation to also assume our social responsibility. As of June 30, 2023, Vontobel held CHF 272.7 billion of total client assets. Around the world and in our home market, we serve our clients from 27 locations.
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