Allfunds Alternative Solutions Expands Trading Platform to Include Spanish Private Equity Funds
28 nov 2023
Madrid, 28 November 2023 - Allfunds (AMS:ALLFG), one of the leading B2B WealthTech platform for the funds industry, announces that its alternative asset platform, Allfunds Alternative Solutions (‘AAS’), has developed new functionalities that will allow trading with Spanish private equity funds (‘Fondos de Capital Riesgo’ or ‘FCRs’).
AAS was launched in 2023 with the aim to facilitate scalable growth within the alternative assets marketplace by fostering closer collaboration between distributors and managers, while simultaneously developing and adapting the necessary technology for more streamlined management of illiquid strategies. The introduction of FCRs is a significant milestone for Allfunds as it seeks to meet the growing demand from its clients, particularly in the private banking sector, for enhanced access to alternative assets and private markets. While Allfunds has prior experience managing assets in specialized vehicles such as FCRs, UCITs, ELTIFs, UCI Part II, RAIFs, and PEFs, this service was previously offered on-demand.
Allfunds Alternative Solutions will automate the operations for these funds and allow them to trade as omnibus accounts, meaning the manual processes and administrative requirements typically associated with the distribution of alternatives products are significantly reduced. Distribution networks are also enhanced, meaning products reach deeper into a wider pool of target clients.
An additional benefit for asset managers is the availability of a single, reliable and robust reporting point. The platform delivers information quickly and accurately, enabling managers to efficiently access and manage data.
FCRs to be integrated into AAS initially include vehicles managed by firms such as AMCHOR and Arcano.
Borja Largo, Chief Fund Groups Officer and Head of Allfunds Alternative Solutions, says: “We are pleased to welcome new products from AMCHOR and Arcano to our platform and thank them for their continued trust in Allfunds. At AAS we are committed to effectively transform and digitise alternative asset trading and today marks an important step into our exciting journey into the future.”
Alejandro Sarrate, Co-Founder and CEO of AMCHOR Investment Strategies, states: “This is an important step for the private markets industry. We are confident that Allfunds will help grow the market by simplifying the distribution and monitoring processes, as they have been doing for decades in the liquid world. We at AMCHOR are delighted to have taken part in its development and to be able to offer our investment programmes through the platform”.
José Luis del Río, CEO of Arcano Capital, adds: “We are very pleased to be able to contribute to the launch of the Allfunds Alternative Solutions platform, which will facilitate access to our alternative management products to a broader base of private banking clients. The incorporation of Arcano's funds to AAS is fully aligned with the digitalisation initiatives we have undertaken internally over the past few years to enhance our clients’ experience, improve the efficiency of our operations and expand our distribution capabilities”.