VanEck has entered into a partnership with Allocate to expand access to private-market investment strategies for financial advisors, registered investment advisers and their clients. And VanEck will use Allocate’s private-markets technology and operational infrastructure to launch and manage advisor-focused offerings while retaining control over its investment strategies, products, brand and investor relationships.
Allocate’s platform is designed to shorten the time required to introduce private-market products to the wealth channel. VanEck said the technology allowed it to bring its first wealth-focused private-markets offering to market within weeks rather than the months typically required through traditional launch processes.
The platform supports advisor and investor onboarding, subscription processing, compliance workflows, capital calls, reporting and ongoing investor servicing.
Allocate connects asset managers with a network of more than 375 wealth advisory firms and RIAs. Its technology supports more than $5 billion in assets.
The companies said private-market managers have historically faced fragmented workflows and platforms designed primarily to aggregate feeder-fund capital rather than help managers build and control their own advisor-facing offerings.
The partnership is expected to be the beginning of a broader strategic relationship. VanEck and Allocate plan to explore additional opportunities to offer private-market strategies through wealth management firms.
KEY QUOTES:
“Private markets represent one of the most significant opportunities for investors, but they demand a different approach than traditional institutional distribution. Allocate’s technology enabled us to bring our first wealth-focused private markets offering within a matter of weeks. Their solution also integrates with our largest advisory firm clients, which is a must-have these days.”
Jan van Eck, CEO of VanEck
“We’re seeing a fundamental shift across wealth management as advisors build more comprehensive private markets programs for clients. The challenge isn’t generating demand. It’s providing the infrastructure that lets managers move with speed while maintaining the operational rigor private markets require.”
“Our partnership with VanEck applies that infrastructure to bring private market strategies to the wealth channel, and it reflects where the industry is headed: pairing established investment managers with technology purpose-built for private markets.”
Samir Kaji, CEO and Co-Founder of Allocate
