Endowus partners with Brookfield Oaktree Wealth Solutions to broaden investors' access to private credit
The wealthtech firm is leveraging the expertise of two of the world’s leading alternatives managers; enabling accredited and professional investors in Singapore and Hong Kong to future-proof their portfolios with institutional-quality exposure to private credit
Endowus, Asia’s leading digital wealth management platform, has partnered with Brookfield Oaktree Wealth Solutions to broaden access to private credit for Endowus Private Wealth (EPW) individual and family office clients in Singapore and Hong Kong. Brookfield Oaktree Wealth Solutions delivers the highest-quality alternative solutions, insights, and partnership to advisors and their clients through Brookfield Asset Management and Oaktree Capital Management, L.P. (“Oaktree”). Brookfield reported over USD $850+ billion in assets under management (AUM) as of Nov. 6, 2023 and Oaktree reported USD $183 billion in AUM as of Sept. 30, 2023.
Today, Endowus clients can build institutional-quality portfolios through Brookfield Oaktree Wealth Solutions. The strategy applies a flexible and “all-weather” approach across the private and public debt spectrum, allowing for dynamic allocation in response to changing market conditions.
Gregory Van, CEO of Endowus, said, "Offering access to private credit offerings through Brookfield Oaktree Wealth Solutions reflects Endowus’ continuous pursuit to bring our clients access to best-in-class institutional solutions at institutional-level fees — independently screened and curated across the entire universe of fund managers. Our industry-first, fee-only business model gives clients the assurance that our success as a platform is intimately tied to the success of their investment portfolio. Endowus can only earn from our clients on an assets-based fee, and not from trailer commissions paid for distribution, enabling us to build unique partnerships with leading fund managers whom we’ve assessed purely for merit and performance-driven track record. Combining the best of the asset management industry and cutting-edge technology, Endowus empowers all investors to invest better to live better with conflict-free, evidence-based advice, institutional-quality access, and low fair fees.”
In an environment of high interest rates, increased market volatility and banking sector stress, the loan market has quickly shifted to favouring private credit. This may create a historic opportunity for investors to allocate part of their investment portfolio to this asset class, according to Brookfield Oaktree’s research. Many banks have been de-risking balance sheets and are more conservative with regards to providing capital to corporations and private equity sponsors, enabling the opportunity set within private credit to grow substantially. As banks and other traditional lenders play a diminishing role in lending, credit-focused investment firms have stepped in to fill the void.
With three decades of collective experience in credit investing, Brookfield Oaktree has the depth and breadth necessary to meet the growing demand for income solutions, leveraging their capabilities across public and private markets.
David Levi, CEO of Brookfield Oaktree Wealth Solutions, added, “After a decade of near zero rates, we seem to be entering an environment where rates will remain higher for longer, especially benefitting loans with floating rate coupons. We are excited for the opportunities the current market presents for private credit and are proud to partner with Endowus to offer their clients access to Oaktree’s world-class private credit platform.”
Brookfield Oaktree Wealth Solutions enables more investors to diversify their portfolios with a range of semi-liquid investment vehicles. Endowus Private Wealth prioritises individual investors' ease of access to institutional-grade services — while offering these solutions in bite-sized amounts, with lower minimums and improved liquidity terms. It reinforces Endowus' commitment to offering a holistic range of investment opportunities to professional and accredited investors and underscores the platform's focus in delivering trusted and comprehensive wealth management services.
Brookfield Oaktree Wealth Solutions was formally launched in April 2021 with the goal of expanding alternative investments to financial advisors and their clients, globally. The platform now offers a variety of liquid, semi-liquid, and private strategies across real estate, infrastructure, credit, and private equity, with 150 employees across 10 countries.
Endowus Private Wealth is intended for accredited investors in Singapore and professional investors in Hong Kong only.
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