Financial services provider Apex Group has teamed up with BITE Investments to offer enhanced solutions to the Asian asset management market. The alliance will enable Chinese and other Asian investors as well as those across the broader APAC region, to develop an USD Alternatives investment portfolio.
It is in line with the market trend of HNWIs’ shift towards online wealth management solutions and diversification of investment portfolio through alternative assets.
BITE founder and CEO William Rudebeck said: “We are hugely excited by the partnership with the Apex and the ability to leverage their institutional global reach to bring BITE’s technology driven access to outstanding alternative investment opportunities.”
“The partnership creates arguably the most compelling solution for investors in the marketplace.”
HNW investors can gain access to alternative asset funds and their underlying, direct co-investment opportunities, in smaller sized amounts through BITE. Demand from HNWIs who are “under-allocated” to alternative asset classes such as private equity triggered the development of the BITE solution. The latest partnership builds on a pre-Series A financing round of BITE, where Apex was a participant.
Source: Private Banker International
