JP Morgan Asset Management Partners With iCapital Network
J.P. Morgan Asset Management today announced an agreement with iCapital Network ("iCapital") to provide a white label offering exclusively for Registered Investment Advisors and their clients to access a select group of J.P. Morgan Global Alternative strategies. As a part of this agreement, iCapital, which has created a sophisticated technology platform that simplifies access to alternative investments for eligible investors, will partner with J.P. Morgan Asset Management to provide high net worth investors with platform access to certain J.P. Morgan Global Alternative strategies.
"As we get later in the economic cycle, identifying alternative sources of return is an essential consideration for investors looking to build stronger portfolios. Institutional clients have long embraced alternatives as a strategic part of their asset allocation, and many high-net-worth investors continue to be under-allocated to alternatives relative to their institutional counterparts," said Anton Pil, Managing Partner of J.P. Morgan Global Alternatives. "Given the current rising interest rate environment, investors are looking for alternative sources of income that provide diversification to broader fixed income markets, and as a result, we are starting with several of our income-focused Alternative Investment strategies."
"iCapital's industry-leading financial technology platform solves a critical need and will allow us to expand access to our alternative investment capabilities among a wider audience. We anticipate that we will launch additional strategies over time," said Christopher Hayward, Managing Partner of J.P. Morgan Global Alternatives.
"My colleagues and I are delighted that J.P. Morgan Asset Management has partnered with iCapital to power its alternative strategies platform," said Lawrence Calcano, Chief Executive Officer of iCapital Network. "We are committed to democratizing alternative investments by providing unparalleled technology to advisors and their high-net-worth clients that improves the experience of allocating to new exposures and strategies."