Endowus partners with private equity giant EQT to broaden individuals’ access to private markets
Endowus Private Wealth clients will now be able to access the universe of private investment strategies from EQT and diversify their portfolios with an expansive range of value-added asset classes
Endowus, Asia’s leading digital wealth management platform, has joined forces with EQT, the third largest private equity (PE) firm in the world. The newly-inked partnership allows Endowus Private Wealth (EPW) clients in Singapore and Hong Kong to gain diversified exposure to multiple high-performing EQT funds through investment solutions on the Endowus platform.
The partnership marks another milestone in the exponential growth of Endowus’ private wealth offerings, which strives to facilitate investors’ ease of access to private banking and institutional-grade services — all while offering these solutions at lower minimums, with shorter lock-up periods. These enable individual investors to reap the benefits traditionally only made available to institutional investors; adding greater stability and diversification to their existing portfolios with a view of improving absolute and risk-adjusted returns, particularly in today’s markets with higher interest rates and a persistent inflationary environment that has raised volatility.
Since 2021, the company has nearly tripled the number of accredited investors on its Singapore platform; collectively, the Endowus Group manages approximately US$5 billion in total assets today. EPW clients based in Singapore and Hong Kong can already choose from a diverse selection of alternative strategies across multi-strategy and single strategy hedge funds, private equity, private credit, and private real estate managed by leading established players.
Alternative solutions from EQT are today available through the Endowus platform, together with other solutions from Balyasny, Brevan Howard, Bridgewater, Carlyle, Eisler, Hudson Bay, KKR, Millennium, Oaktree, Partners Group, Point72, Quantedge, Schonfeld, and World Quant.
Private equity giant EQT is the latest to join an illustrious list of other top-performing global fund managers available on the Endowus platform. The firm was founded in Stockholm in 1994 with backing from the prominent Wallenberg industrial conglomerate whose 160-year heritage spans five generations, with large holdings in Swedish multinational companies, such as ABB, AstraZeneca, Atlas Copco, Electrolux, Ericsson, and EQT. With offices in 20 countries across Europe, the Americas and Asia-Pacific, EQT is today one of the largest and most active private investors within infrastructure, healthcare, and technology, managing more than EUR 224 billion in assets (as of September 2023).
Samuel Rhee, Co-founder and Chief Investment Officer of Endowus, said, “The low correlation of private market investments to traditional asset classes and public markets allows investors who seek to further diversify their portfolios and reduce overall risk in volatile market periods. We are excited to partner with EQT and tap its deep expertise in private equity to give investors greater and well-managed access to alternative solutions. Our goal with Endowus Private Wealth is always to provide our clients with a curated selection of the best-in-class alternatives solutions, allowing investors to personalise their exposure with private investments into bite-sized, diversified portfolios to improve risk-adjusted returns.”
Sueann Yeo, Head of APAC Private Wealth Client Relations & Capital Raising at EQT, commented, “Data has shown that private markets have a huge potential to outperform traditional portfolios. We believe that private investments offer good risk-adjusted returns, and can provide additional stability and diversification. However, choosing the right investment remains a critical part of an investor’s strategy and performance. We’re thrilled to be part of Endowus Private Wealth offerings as it aligns with our vision to help investors realise the vast potential of private markets.”
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