New platform to broaden wealth manager access to private markets

PM Alpha has raised nearly £1m so far

Private Markets Alpha, a new digital marketplace that aims to “revolutionise” access to private markets for the global wealth management industry launched today (31 August), having raised close to £1m through private fundraising.

The firm will seek to provide wealth and asset managers, advisors and distributors with access to an open architecture platform, offering a full range of ‘best-in-class' private investment solutions tailored and curated for distribution to underlying investors.   PM Alpha, which defines itself as a "simple one-stop shop" solution, aims to help wealth managers invest in the space without having to pay very high fees, rely on cumbersome paperwork or be cowed by high investment minimums.  HSBC AM creates new unit for $58bn alternatives business The platform will include asset classes ...