CION Investments (CION), a leading manager and distributor of alternative investment solutions, and Man Group, a global active asset manager with $151.4 billion1 in AUM, announced today that they have partnered with iCapital2, the leading global fintech platform driving access and efficiency in alternative investments for the asset and wealth management industries.
CION and Man Group are teaming up to create unique, scalable, and accessible investment solutions offered through a joint venture partnership, CION Man Management (CMM). CMM pairs Man Group’s origination, operational, and asset management expertise and CION’s investment acumen, retail product management, and distribution experience. The initial collaboration began with Man Global Private Markets (Man GPM), Man Group’s private markets business.
CMM will leverage iCapital’s customized technology, services platform, and diligence solutions for financial advisors and their high-net-worth clients seeking access to alternative strategies.
“Advisors are responding to the changing, more volatile economic landscape by incorporating alternatives in their client portfolios. Products that simplify access to institutional-caliber investments and managers are seeing increased demand,”
Michael A. Reisner, co-Chief Executive Officer, CION Man Management.
iCapital has transformed how wealth management, banking, and asset management industries facilitate access to private markets investments for their high-net-worth clients by providing intuitive, end-to-end technology and service solutions that digitize the subscription, administration, and operational and reporting processes of alternative investing.
“We are pleased to support CION and Man Group in their venture to meet the needs of advisors for accessible alternative investments,”
“As the industry continues to expand, tech-forward, scalable solutions will support increased appetite.”
Lawrence Calcano, Chairman, and CEO of iCapital.