HNWIs

Fundraising platforms-turned-GPs are revolutionising a traditionally laborious commitment process for wealth managers and their clients

In this deep dive, PEI examines how private equity is bolstering access to one of its most lucrative and fastest growing sources of LP capital

Tokyo's LUCA, launched in July by ex-Blackstone managing director Keiko Sydenham, has entered a strategic partnership with Singapore’s Xen Capital.

The firm expects to more than double capital raised from the private wealth channel in the near term, said co-chief executive Scott Nuttall on the third-quarter earnings call.

Early mover ADDX is providing accredited investors with access to blue chip private equity funds, including Partners Group’s €5.5bn Global Value SICAV.

Former alums from Blackstone and HQ Capital plan to launch a digital fundraising platform called LUCA, which will connect alternative asset managers with Japanese investors, Private Equity International has learned.

The platform joins the likes of Cambridge Associates, Blackstone and Credit Suisse in attempting to capture Asia’s burgeoning HNWI opportunity.

Asia is expected to supplant Europe as world’s second largest UHNWI hub by 2024, a dynamic that has caught the attention of private markets.

Credit Suisse’s head of private banking for Asia, François Monnet, has said the firm recommends UHNWIs allocate up to 25% to alternative asset classes.

The Berlin fintech last month snapped up Winson Ng, former head of UBS Wealth Management’s PE team, and Sweta Chattopadhyay, former head of PE at bfinance.