David Bodamer

2 days ago | wealthmanagement.com | David Bodamer

In addition, Citi will use iCapital’s platform going forward to manage its alternative investments. Alternative investments fintech iCapital has agreed to acquire Citi Global Alternatives, an indirect subsidiary of Citi. Citi Global Alternatives manages over 180 alternatives funds around the world. It uses a feeder fund model to provide access to private equity, growth equity, private credit, infrastructure, venture capital, real estate and hedge funds.

5 days ago | wealthmanagement.com | Alex Ortolani |David Bodamer

Several wealth managers announced hires for key positions, including multi-family offices Parcion and Nordwand. Cetera Names Former Equitable Exec to Lead Indie Business DivisionCetera Financial Group has named John Lefferts as the head of its supported independence division, which encompasses more than 40 offices. Lefferts will take over as head of Cetera Investors after about six years at Equitable Advisors, most recently as managing director and national head of business development.

1 week ago | wealthmanagement.com | David Bodamer

Bitwise is the first crypto asset manager to join forces with iCapital. Crypto asset manager Bitwise Asset Management has announced that its strategies will now be available on alternative investments platform iCapital—the first crypto assets to become available on the marketplace. “Crypto is rapidly emerging as a new alternative asset class, with unique drivers that can make it a compelling diversifier in portfolios for investment professionals,” Bitwise CEO Hunter Horsley said in a statement.

1 week ago | wealthmanagement.com | David Bodamer

The system expands on Morningstar’s ratings used for mutual funds and ETFs.Morningstar Inc. has expanded its fund medalist rating framework to include semiliquid funds in the latest step in the rapidly increasing adoption of evergreen funds as a preferred vehicle for allocating capital to private markets. It will begin assigning the ratings in the third quarter of this year.

1 week ago | wealthmanagement.com | David Bodamer

In addition, Venturi Private Wealth taps Opto to bolster its private markets investment management capabilities. Hamilton Lane Launches Evergreen VC and Growth FundAlternative asset manager Hamilton Lane launched a new venture capital and growth fund to join its broader $10 billion AUM evergreen products. The Hamilton Lane Venture Capital and Growth Fund (HLVCG) is open to qualified purchasers.