Bite - Alternative Investments

Invest Online

Bite is a global asset management, advisory and fintech company, specialising in alternative markets and tech solutions. Our vision is simple: To open up alternatives to individuals.

Our online investment platform allows high-net-worth investors (HNWI), sophisticated investors and advisors to invest in top-tier alternative investment funds in a streamlined process. We combine our proprietary technology with select investment opportunities to provide unique value propositions to a range of clients.

Our tech solutions allows wealth management firms and asset managers to compliantly streamline and scale the distribution of alternative investment products through a turnkey solution or by integrating the platform with existing systems via our API. The platform automates the entire investment cycle from client suitability and distribution, through to transaction and reporting. We also provide bespoke, stand-alone tech solutions for premarketing, distribution, subscription and investor relations. Please read more about our enterprise solutions here.

Asset Management Solutions

Bite offers access to leading alternative investment opportunities, with lower fees and low minimum investment amounts, from $100,000.

We have built a seamless, end-to-end investment process that works in a few simple steps:

Create an account and log in

with your chosen identity as High-Net-Worth Investor, Sophisticated Investor or Advisor to access our funds.

Perform due diligence

and select an investment opportunity. We summarize all you need to know about the fund online, and provide access to the key due diligence materials, so at the click of a button you can make an informed investment decision.

Invest online

by requesting allocations and signing subscription documents. Our automated investment process enables you to allocate to funds without having to leave your desk.

Keep track and get updates

to monitor how the investments are performing. Our customized Portfolio Tool helps you to monitor how your investments perform. For Advisors, we make sure you can keep your clients up to date with seamless, one-click reporting.

Private Equity’s Performance

Private equity has been one of the best performing asset classes globally over the last 3 decades*. However, due to a combination of high fees, high minimum investment amounts, and lack of access to top funds, private investors have not been able to access this investment strategy.

This is no longer the case with Bite’s platform. Using technology, we enable high-net-worth investors to access, unlock and invest bite-sized amounts into leading private equity funds.

Private equity has outperformed all major public market indices over the last two decades**

Important Disclaimer and Source

Our Offering

Access

Invest alongside the world’s top institutional investors and access the kinds of highly sought after, often over-subscribed funds that have not been available to high-net-worth investors until now.

Size

Invest as little as $100k in deals that would usually require at least $1m. Bite helps investors and advisors access funds that would otherwise be inaccessible because they are either oversubscribed, too illiquid, or have an institutional-level minimum buy-in.

Enhanced Liquidity

Tap into our secondary market, meaning you will likely be able to sell out sooner than if you invested directly.

Compliance

Our management team is supported by a world class set of shareholders and advisors, who work within the parameters of highly respected regulatory regimes. With Bite, you have total regulatory and compliance peace of mind.

Insights

Go to our knowledge centre or newsroom for additional information, such as research reports, webinars and interviews.

Advantages

Before Bite

No Access:

The best funds are already heavily oversubscribed.

With Bite

Access:

Bite secures allocations to heavily oversubscribed, top performing alternative funds.

Fund Selection

Bite can secure investment allocations from hard to access asset managers through a combination of its own network, via the network of its majority shareholder, VCP Advisors, and other product partners.

Funds are assessed by Bite’s investment committee before being offered to you. The selection basis includes, but is not limited to, underlying fund market opportunity, team, track record, fund terms and fit with Bite’s investor base.

Top tier managers

Continuously monitored and tracked.

Identify opportunity

Research team monitors the landscape for opportunities.

Due diligence

Performed by the research team and investment committee.

Investment assessment

Investment committee assesses quality of the investment opportunity.

Investment decision

This rests with you. You can use our fully digitised platform to invest as you please.

Frequently Asked Questions

Q1 What products are available on Bite’s platform?

Bite continually strives to be the premium provider of alternative investment opportunities to High-Net-Worth investors and their advisers. The number and type of products vary so please register to see what is currently available. Typical investments can include Private Equity funds, Private Credit funds, Venture Capital funds, Real Estate funds and Hedge funds.

Q2 Who can open an account and invest?

Anyone can open an account with Bite provided they meet certain requirements regarding their knowledge, experience and access to suitable resources, as well as having met our AML/KYC standards.

Bite is open to High-Net-Worth and Sophisticated Investors, and their advisers. This means we must ask you several questions to assess the suitability of our products to you.

Advisers can open an account to see if any products are suitable for their clients provided their client’s meet the definitions of either a HNWI or a Sophisticated Investor.

Fund managers can open an account as professional clients. Please get in touch with us on [email protected].

Q3 What is a High-Net-Worth Investor and do I qualify?

You qualify as a High-Net-Worth investor if one of the following applies to you:

Throughout the financial year immediately preceding the date you register

You had an annual income to the value of £100,000 or more (this must exclude money withdrawn from pension savings or pension income).
You held net assets of £250,000 or more. Net assets do not include:
- Your primary residence or any money raised through a loan secured on that property
- Any rights of yours under a qualifying contract of insurance
- Any benefits (pension or otherwise) which are payable on the termination of your employment, death or retirement
- Withdrawals from pension savings (except where the withdrawals are used directly for income in retirement)

Please note that this is only a summary of the declaration that a HNWI is required to make. You should consider carefully in the sign-up process whether you can accurately give the declaration required.

Q4 What is a Sophisticated Investor and do I qualify?

You may be a Sophisticated Investor if you have been one of the following:

A member of a network or syndicate of business angels in the last 6 months
Invested in an alternative investment fund or unlisted company in the last 2 years
A professional in the private equity, hedge fund or alternative asset sector for 2 years
A director of a company that turns over more than £1m in the last 2 years, or are currently

Please note that this is only a summary of the declaration that a Sophisticated Investor is required to make. You should consider carefully in the sign-up process whether you can accurately give the declaration required.

Q5 What is a Professional Investor and do I qualify?

You can request to be classified and treated as a professional client. This includes meeting specific qualifying criteria related to assets and understanding of the relevant financial products, as well as regulated financial institutions such as regulated fund and asset managers, banks, insurance undertakings, pension funds and other regulated financial institutions.

Bite reserves the right to change your classification and will notify you accordingly in accordance with as per FCA Rules and if it intends to do so, it may require further information or investor declarations from you. You have to inform Bite as to any changes that would affect your eligibility to be classified as a professional client.

Q6 Can I speak with someone at Bite?

Whilst primarily being a technology platform, Bite recognises that you may have unique questions and situations that need resolving. Bite does not offer investment advice, but our sales support is available to assist you when needed. If you wish to get in touch with a team member, please contact us on [email protected].

Q7 Will Bite advise me on the best investments?

Bite will not offer investment advice. Part of the rigorous account registration process is to ensure only investors with a sound financial understanding of these investments can access them. Whilst we would like to open the alternative asset market up to everyone the risks involved require a minimum level of knowledge, experience and resource and the investment decision remains entirely yours.

When you sign up, the documents available will explain in more detail how funds are structured, how investments are selected, and the role played by Bite and its associated companies in selecting and managing them. Bite does not make recommendations on investments and expects you to conduct your own due diligence before investing and to seek independent professional advice where appropriate.

Bite can help you with technological and procedural queries and our sales support will assist you if your issue is not addressed in our Help Center. If you wish to get in touch with a team member, please contact us on [email protected].

Q8 What are the fees charged by Bite?

Bite does not charge fees for the use of its platform and it is free to use for clients who have successfully been through the account registration process.

Fees are only incurred when you make an investment. The fees are typically: a one-off introduction fee and an annual investor servicing fee. Both fees are a % of the sum invested or assets under management (AUM). Bite reserves the right to determine the fee levels on a per product basis and reserves the right to change fee levels on future products.

The underlying fund fees usually involve a management fee and a performance fee. A typical premium private equity fund will charge a 2% management fee and a 20% performance fee. The performance fee is subject to a typical hurdle rate of 6-8% and represents the benchmark a fund has to reach before the private equity fund managers are entitled to their performance fee.

You should consider very carefully the offering documents, information memoranda, limited partnership agreements and other documents on the website relating to a specific investment as this will tell you about fees specifically applicable to that investment.

Bite charges fees on a per product basis. Standard fees include:

Subscription Fee (a one-off fee charged as a percentage of the subscription amount)
Management Fee
0% Performance fee (Bite reserves the right to charge a performance fee on a per product basis)

Do you have any further questions? View our Help Center or contact us.