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Endowus and iCapital® join forces to further expand private market investment access to Endowus Private Wealth clients

17
Jan 2023

Endowus accredited investor clients in Singapore and Hong Kong will have access to a range of private market funds powered by iCapital’s technology and solutions

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Endowus, one of the fastest-growing digital wealth management platforms in Asia, and iCapital, the global fintech platform driving access to alternative investments for the wealth management industry, announced a partnership to further enrich Endowus private market investment offering available to accredited investors in Singapore and Hong Kong. Endowus has nearly tripled the number of accredited investors on its platform since April 2021.

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Through this partnership, Endowus will be able to leverage iCapital’s technology and solutions to provide its clients access to a set of institutional-quality private markets initiatives within private equity, private debt, and real assets and enhance the operational efficiency of the entire investment process in these segments. ‍

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Gregory Van, CEO of Endowus, said: “At Endowus, we focus on providing our clients with institutional-quality wealth management at the lowest possible cost. We know diversification is critical for all investors, and the access to the private markets will give investors greater depth and breadth in their portfolios. This is what we are seeking to provide for Endowus Private Wealth clients, and we have been looking for the right fund managers with proven track records and solutions to provide our clients with access to alternative solutions. We are excited to be partnering iCapital’s to bring comprehensive private market offerings to our accredited investors.”‍

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Marco Bizzozero, Head of International at iCapital, said: “Wealth managers and their advisors are increasingly looking to private markets as a way to support their clients to improve the quality and diversification of their portfolio and their financial outcomes. We are very pleased to support Endowus in its commitment to be at the forefront of expanding access to attractive private markets investment opportunities to their accredited investor client-base.”

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About Endowus 

Endowus is Asia’s leading fee-only wealth platform. Licensed by the Monetary Authority of Singapore and Securities & Futures Commission of Hong Kong, Endowus is the first digital advisor in the region to span both private wealth (Cash) and public pension savings (CPF & SRS in Singapore), helping investors grow their money with expert advice and access to institutional financial solutions at low and fair fees, through a personalised digital wealth experience. 

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Founded in 2017, Endowus has raised a total of S$67 million in funding from investors such as UBS, EDBI, Prosus Ventures, Z Venture Capital, Samsung Ventures, Singtel Innov8, and global leading venture capital firms Lightspeed Venture Partners and SoftBank Ventures Asia. As of August 2022, Endowus has more than S$2 billion in assets under advice.

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Endowus’ leadership and growth have been recognised by the industry and it has attained numerous awards including, Singapore’s Fintech Innovation in Asset Management, CEO of the Year, CIO of the Year (Asia Asset Management’s Best of the Best Awards 2022), Singapore’s Fintech Startup of the Year (The Asset Triple A Digital Awards 2022), and Startup of the Year and WealthTech of the Year (Asia FinTech Awards 2022). Endowus is also one of the firms named in Forbes’ “100 to Watch” list for 2022 and LinkedIn Top Start-ups 2022. 

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The Endowus Group comprises Endowus' licensed companies in Singapore and Hong Kong, as well as Hong Kong-based Carret Private. Endowus Group serves tens of thousands of clients with assets over US$4 billion, as of end-H1 2022, and is one of the largest independent wealth managers in Asia.

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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. 

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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, 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 and 2022, and MMI/Barron’s Industry Awards as Solutions Provider of the Year in 2020, 2021 and 2022. 

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As of November 30, 2022, iCapital services more than US$149.3 billion in global client assets, of which about US$30.5 billion are from international investors (non-US Domestic) across more than 1,180 funds. Employing 1,050 people globally, iCapital is headquartered in NYC and has offices worldwide, including in Zurich, London, Lisbon, Hong Kong, Singapore, and Toronto.

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For media queries, please email press@endowus.com