Pemberton and iCapital Expand Wealth Managers’ and Clients’ Access to European Alternative Credit

Pemberton and iCapital Expand Wealth Managers’ and Clients’ Access to European Alternative Credit

By Joy Dumasia

March 28, 2022

  • alternative credit
  • Asset Management
  • Assets

Pembertonone of the leading alternative credit specialists, announced a strategic partnership with iCapital to expand its Wealth Management Solutions initiative. Through this partnership, Pemberton will leverage iCapital’s end-to-end technology solutions and gain access to iCapital’s distribution partnerships to expand Pemberton’s offering of private debt strategies to wealth managers worldwide.

iCapital is a leading global FinTech platform, driving alternative investment access and efficiency for the asset and wealth management industries. Historically, European alternative credit has been mainly accessible to institutional investors. However, wealth managers and private banks are increasingly seeking exposure to the asset class to achieve portfolio management goals of diversification and income enhancement in the current low yield environment.

The partnership with iCapital will provide wealth managers and their clients with a hands-on digital experience and access to Pemberton’s deep expertise in alternative credit, based on its network of European sourcing offices and rigorous credit processes.

Pemberton’s offering will be particularly attractive to private investors who want to focus more on ESG. Pemberton has structured €4.15 billion in loans with margin ratchets designed to incentivize borrowers to improve their ESG footprint against a range of criteria including reducing carbon emissions, improving corporate governance business, investing in local communities and promoting equal opportunity and diversity.

Symon Drake-Brockman, Managing Partner at Pembertonnoted: “We are always looking for new ways to evolve our offering to enable current and new investors around the world to achieve their investment goals. This is particularly important in the current low yield environment and will provide investors with access to products to meet their sustainable investing needs. That’s why we’ve partnered with iCapital to further open the market in an innovative way to provide investors with exposure to private debt.

Michele Baldessarini, Head of Wealth Management Solutions at Pembertonnoted: “Last year, we launched our Wealth Management Solutions initiative based on our belief that alternative credit should be accessible to a wider range of investors. By partnering with iCapital, we are fulfilling this goal by enabling a wider range of investors to access our strategies through a user-friendly digital platform. This partnership will provide wealth managers and their clients with access to our pan-European portfolios, state-of-the-art credit underwriting systems and ESG-focused investments.

Marco Bizzozero, international manager at iCapital, said: “The opportunities to invest in the European private credit market have so far been very limited for investors who are not the size of an institutional investor. iCapital’s technology and solutions are rapidly changing that by facilitating access and increasing efficiency and transparency. This innovative partnership with Pemberton aims to support their priority of providing wealth managers and their clients with institutional-grade access to European private credit within a diversified client portfolio.

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