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What's New In Investments, Funds? β Personal Capital
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The latest in funds and investments in North America.
Personal Capital, a digital wealth manager, has teamed up with iCapital Network, a financial technology platform that is widening investor access to investments such as private equity and other alternative asset classes.
It has unveiled a new, simpler way for the company's high net worth private clients to access the private equity market. Recently Personal Capital surpassed $8.5 billion in assets under management, of which a growing portion consists of high net worth clients.
"Our high net worth clients had expressed interest in access to the private equity market," Craig Birk, chief investment officer at Personal Capital, said.
The move is another move by iCapital, which has partnered with a number of wealth management firms in recent months, such as Rockefeller Capital Management and HSBC Global Private Banking.
Personal Capital is based in Silicon Valley with hubs in San Francisco, Denver, Dallas, and Atlanta.