Fidelity Institutional announced Thursday that it has expanded its alternative investments platform to provide its clients with access to private equity funds.
Fidelity said financial advisors and family office professionals would have increased access to private equity funds through strategic relationships with iCapital Network, CAIS and Goldman Sachs Asset Management.
“Delivering increased access to private equity has been a priority since we launched our alternative investments platform more than two years ago,” Fidelity Institutional’s head of product, Mark Haggerty, said in a statement. “Advisors have been looking for an effective way to leverage this type of investment strategy.”
The offering, Haggerty said, enables advisors to efficiently evaluate and incorporate private equity investments into their clients’ portfolios.
The expanded alternatives platform will give clients access to private equity vehicles, along with research and education about these products.
Fidelity’s strategic relationship with iCapital Network is new. iCapital offers single-manager, multi-manager and vintage year private equity investments, supported by research and diligence tools, at $100,000 minimums. Operational integration with Fidelity’s platform facilitates access and execution.
RIAs, broker-dealers and family offices can use iCapital’s custom solutions to create dedicated access vehicles with any combination of alternative managers and strategies with complete administrative services.