Fintech launch aims to boost access to private markets investment
A new company, Private Markets Alpha (PM Alpha), has launched today to introduce an online digital platform designed to dramatically improve access to private markets for the global wealth management industry. The business has so far raised close to GBP1 million through private fundraising.
PM Alpha is aiming to popularise private markets investment to a wider investment base by enabling better access for wealth managers to the best private markets managers.
The company is building a digital community of wealth managers, asset managers and private markets fund managers by supporting them with a platform which offers a full range of exclusive private investment solutions tailored and curated for distribution to underlying investors.
The firm writes that its ‘one-stop shop’ solution will provide clients with access to the right products in a timely manner while helping overcome the problem of wealth managers having to pay very high fees, rely on cumbersome paperwork, and being cowed by high investment minimums, to access the products their customers need.
PM Alpha’s founding team brings together expertise from private banking and asset management distribution in designing and delivering dedicated private markets solutions to the wealth management sector. Tom Douie; whose experience has ranged from Morgan Stanley and Neuberger Berman to more recently serving as global head of distribution at Muzinich & Co. is joined by former Citi Private Bank EMEA Head of Private Equity Investments Alexis Weber; former Citi Private Bank EMEA Alternative Investments Sales Lead Melyan Guerrero and former Citi Private Bank EMEA Operational Due Diligence Lead Chloe Mercer.
Tom Douie, PM Alpha Founder and CEO, says: “We aim to revolutionise private markets investments because we firmly believe that broad access to these markets is crucial for providing a wider range of asset classes to better serve the long-term needs of individual investors.
“We believe that in the current economic climate wealth managers need to have a larger toolkit to provide better long-term solutions to their clients and that’s what we aim to help them achieve”