The figures are indicative of a trend of widening access to private market investment, traditionally an area for UHNW individuals and big institutions.
European private equity investment platform Moonfare yesterday announced that its assets under management now surpass €2.0 billion ($2.03 billion), doubling in less than 12 months.
The German company, which has increased its investor base to more than 40,000 users, is among several businesses widening access to previously hard-to-enter investment areas.
Based in Berlin, the fintech says that it is disrupting private market investing by opening access to leading private equity funds for qualified investors and their advisors at relatively low minimums (starting at around $125.000).
“There’s something really exciting happening in private markets. Many regard the democratisation of private equity as one of the largest disruptions in financial history and I personally think this is true,” Steffen Pauls, chief executive and founder of Moonfare, said. “Moonfare’s ongoing growth demonstrates this shift.”
Last week, the business, which opened its seventh global office in Zurich, said that it intends to open more offices, including in Israel and beyond.
The rise in private market investing is a strong wealth management theme. According to consultancy Oliver Wyman, individuals are expected to allocate an additional $1.5 trillion to private markets in the next three years up to 2025. The current volatility of public markets may accelerate this development.