Abu Dhabi:iCapital, a global fintech company, has announced the inclusion of an evergreen private markets strategy sponsored by Mubadala Capital on its platform, targeting qualified investors.
According to Emirates News Agency, this strategy is structured as an evergreen fund vehicle with limited quarterly redemption windows, focusing on capital preservation and low volatility. It strategically allocates to co-investments, primaries, and secondaries, emphasizing mature, cash-generative assets. This initiative benefits from strong alignment with Mubadala Capital, aiming to offer a resilient and investor-friendly private markets solution.
iCapital is expanding access to evergreen strategies in response to increasing demand for private market solutions. This development supports wealth managers and their clients across the Middle East and Asia in constructing more diversified and resilient portfolios. Mubadala Capital chose iCapital for its ability to extend access to private markets globally, facilitated by an advanced technology platform and a robust distribution network.
The Mubadala Capital vehicle will be offered via the iCapital Marketplace, which connects wealth managers and advisors with a wide array of alternative investment opportunities, including private equity, private debt, infrastructure, real estate, and hedge funds. The platform guarantees a scalable, end-to-end digital investment experience, seamless lifecycle management, comprehensive reporting, and a wide range of research and educational tools.
Brooks Entwistle, Head of International and Member of the Management Committee at iCapital, stated that this launch marks a significant milestone as the company expands its Middle Eastern footprint, reinforcing its commitment to the region's growth and evolving investment needs. Max Franzetti, Head of Solutions at Mubadala Capital, commented on the strong demand for private markets exposure in the Middle East and Asia, highlighting the partnership with iCapital as a means to meet this demand effectively.
The announcement follows several milestones for iCapital in the Gulf region, including the opening of its Abu Dhabi office, obtaining an ADGM license, and expanding Sharia-compliant investment capabilities, emphasizing the firm's focus on enhancing access to alternative investments through technology and innovation.
