Global fintech company iCapital is expanding its partnership with Apollo by making a series of evergreen private markets solutions available to eligible investors.

As part of this collaboration, Apollo has listed five Luxembourg-domiciled evergreen private markets products on iCapital Marketplace, accessing iCapital’s broad global network of wealth managers.

This move aims to provide wealth managers and their clients with greater access to a broadened menu of alternative investment solutions in a Luxembourg format and a comprehensive set of educational tools and resources to support the strategic diversification of client portfolios.

Moreover, Apollo utilizes iCapital Marketplace to facilitate reporting and investor lifecycle management for its evergreen structures.

Véronique Fournier, managing director and head of EMEA Global Wealth at Apollo, says, “We are pleased to extend our partnership with iCapital, further enhancing access to our institutional-grade solutions and broadening the reach of our Global Wealth products to investors in Europe and around the world. Private markets can offer diversification to the portfolios of wealth investors. We are focused on education and democratizing access to such products, in structures tailored to their needs.”

“We are delighted to continue to support Apollo, unlocking new private market investment opportunities to the wealth management channel,” says Marco Bizzozero, head of International at iCapital. “The expansion of our partnership demonstrates that iCapital is the partner of choice for asset managers wishing to accelerate their distribution efforts into the growing pool of private wealth, leveraging iCapital’s cutting-edge technology platform and operating system to manage the investment and education experience at scale.”

iCapital has expanded its product and platform solutions for evergreen funds alongside significant growth of fundraising into these private fund structures. Evergreen funds are typically fully funded and made available at investment minimums starting from US$25,000 and offer opportunities for liquidity on a periodic basis.

In a Luxembourg domiciled format, evergreen funds can be accessed by specific jurisdictions around the world.

This collaboration follows the recent announcement on the launch of Apollo Allocation Pro, a portfolio construction tool powered by iCapital Architect and designed to help financial advisors integrate alternative investments, particularly private markets, into client portfolios.