Fidelity International partners with Moonfare to provide access to private markets funds

Follows entry into private credit market in January

Fidelity International has announced an exclusive strategic distribution partnership with digital investment platform for private markets funds Moonfare, as part of "bold ambitions" to broaden its alternatives capability.

The agreement will see Moonfare provide access to private market strategies for Fidelity's institutional and wholesale clients, following increasing demand to add alternative investment strategies to their portfolios. Andrew McCaffery, global chief investment officer at Fidelity International, said that Fidelity had "bold ambitions to build a broader alternatives capability in the coming years", spanning private markets, real assets and liquid alternative strategies. Fidelity enters private credit market with team hire from MeDirect Bank Fidelity will also invest a minority stake i...