A quartet of industry stalwarts has launched Private Markets Alpha, an online digital platform they claim will “revolutionise” the wealth management industry by improving access to private investments.
PM Alpha, which is the brainchild of ex-Morgan Stanley and Citi Private Banking veterans, offers a full range of exclusive private investment solutions, in areas spanning alternative credit, venture and growth capital, private equity, and real assets, that have been tailored and curated for distribution to retail investors.
The “one stop-shop solution” helps wealth managers avoid the high fees, cumbersome paperwork and high investment minimums that typically come with accessing private markets, according to a press release announcing the launch.
PM Alpha has so far raised close to £1m through private fundraising.
The platform has been founded by several private banking veterans. Tom Douie (pictured), who most recently served as global head of distribution at Muzinich & Co, is joined by former Citi Private Bank Emea head of private equity investments Alexis Weber; former Citi Private Bank Emea alternative investments sales lead Melyan Guerrero and former Citi Private Bank Emea operational due diligence lead Chloe Mercer.
Douie, PM Alpha founder and chief executive, said: “We firmly believe that broad access to these markets is crucial for providing a wider range of asset classes to better serve the long-term needs of individual investors.
“We believe that in the current economic climate wealth managers need to have a larger toolkit to provide better long-term solutions to their clients and that’s what we aim to help them achieve.”
This article first appeared on our sister publication International Adviser
