Apollo has partnered with Canada’s Independent Advisor Solutions to launch a private markets fund which will be accessible to retail investors.
The fund will be added to Independent Advisor Solutions’ existing MiBLOX suite of investment funds and is set for launch in early 2025.
It will provide Canadian retail investors with exclusive access to Apollo Aligned Alternatives, a strategy that pursues fully scaled diversified exposure to private market investments.
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“This reinforces our commitment to acting as a trusted partner to advisors and clients as they build out private markets exposure in their portfolios,” said Stephanie Drescher, partner and chief client and product development officer at Apollo.
“We’re thrilled to partner with the Independent Advisor Solutions team as we scale access to Apollo’s platform, delivering institutional quality private investments, tailored to the needs of individuals.”
Independent Advisor Solutions is a wholly-owned subsidiary of Wellington-Altus Financial.
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It manages a suite of global institutional quality investment funds, collectively named MiBLOX, which have been designed to help portfolio managers diversify their client money and deliver risk-adjusted returns. BlackRock and Goldman Sachs have previously partnered with Independent Advisor Solutions on the MiBLOX funds.
“Our goal is to power advisor portfolios and their personal brand, which includes the support of thoughtfully curated and thoroughly vetted managers who are amongst the very best at what they do,” said Jon Kilfoyle, president of Independent Advisor Solutions.
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