Asset Management

What's New In Investments, Funds? – iCapital, PNC, TCW

Editorial Staff May 7, 2024

What's New In Investments, Funds? – iCapital, PNC, TCW

The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.

iCapital, the fintech platform for alternative investments, has brought out a new suite of model portfolios. More than 100,000 US financial advisors will access this first offering, called iMAP (iCapital Multi-Asset Portfolio).

More offerings are due to be launched in coming months, iCapital said in a statement. 

Paired with iCapital’s portfilo construction tool, Architect, advisors can evaluate the impact of incorporating alternative investments into their client’s allocations alongside traditional portfolio holdings. 

The portfolios adopt a quantitative approach that makes it easier for wealth managers to incorporate alternative investments into their clients’ portfolios, Lawrence Calcano, chairman and CEO of iCapital, said.

The iMAP model – the first in the series – is a balanced portfolio that combines income and growth through private markets investing. It aims to generate total returns with reduced volatility and fewer drawdowns than traditional asset classes, iCapital said.

PNC Financial Services, TCW
PNC Financial Services and asset management house TCW are partnering to deliver private credit solutions to middle-market companies.

The collaboration formalizes an existing partnership running for 15 years so far.

PNC and TCW will establish a team to manage all of the strategy's investment activities including origination, underwriting, and portfolio management. The platform aims to have $2.5 billion in investor equity capital available to invest in its first year, which will be supported by anchor investments from PNC and Nippon Life, TCW's strategic partner and shareholder. 

Investment activity is expected to commence in the Fall of 2024, the businesses said. 

TCW today manages about $200 billion in client assets. 

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