Aberdeen has announced a strategic partnership with European private markets infrastructure provider Titanbay to help wealth managers with issues that arise when accessing private markets, with the aim of making access easier.
Aberdeen said the partnership will “solve operational delays and lost investment opportunities caused by legacy systems and traditional trading platforms”.
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It comes as Aberdeen has pledged to pursue scale, new products and growth in private markets, with its Global Private Markets Fund one of two global multi-asset private markets funds available to wealth managers via Titanbay.
“The attractiveness of private markets as a hedge against inflation and market volatility is a key theme against a volatile geopolitical backdrop. Yet, every private market sub-segment has its own dynamics, which is why diversified strategies such as our Global Private Markets Fund are so relevant, with the added benefit of quarterly redemptions,” said Xavier Meyer, chief executive of Aberdeen Investments.
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“As interest in our Global Private Markets Fund grows, addressing operational constraints has become increasingly important. Titanbay’s infrastructure and proactive approach to resolving these challenges will significantly enhance distributors’ ability to effectively serve their clients.”
“UK distributors are beginning to hit significant operational roadblocks just as investor interest in evergreen funds takes off. This partnership with Aberdeen positions us ahead of these challenges, enabling distributors to scale efficiently and provide clients with timely investment solutions,” added James Singleton, head of UK sales at Titanbay.
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