Fidelity International is one of the world's largest providers of investment solutions and services with more than 2.5 million customers globally and $706.3 billion in assets under management. For more than 50 years, Fidelity has served a broad range of clients from central banks, sovereign wealth funds, large corporations, financial institutions, insurers and wealth managers, to private individuals. In an effort to provide clients more attractive returns, Fidelity recognized the need to offer more alternative assets like private equity. "Extreme global debt burdens and sustained negative real rates are leading to higher risk and uncertainty for long-term asset allocators," said Fidelity's Global Chief Investment Officer Andrew McCaffery. "The traditional 60/40 model has been challenged in recent years, and as a result, alternative investments, such as private equity, have begun to play an important role in investors' portfolios as they look to diversify and enhance long-term returns."
As the leading digital wealth platform for top-tier private equity, Moonfare was the obvious choice when Fidelity began looking for a strategic partner. Offering not only the highest quality and most diverse selection of private equity funds with low investment minimums, Moonfare also brings its digital savvy to the partnership - making it easy for Fidelity to offer these exceptional investment strategies to their clients."Like Fidelity International and it's clients, Moonfare and our investors never stop striving towards investment excellence," says Moonfare founder and CEO Dr. Steffen Pauls. "Since inception, we have been connecting our clients, some of the most sophisticated investors in the world, with top private markets funds. Fidelity's clients and team will fit perfectly into this group going forward."
From April 2021, Moonfare will provide access to its first-class market strategies for Fidelity's institutional and wholesale clients. The exclusive strategic distrubution partnership will be available initially in Germany, Switzerland, France and Austria and expand to cover further international markets over time. Alongside the exclusive partnership with Fidelity, Moonfare will continue to work with and grow its base of platform partners, including private banks and family offices that offer it's funds to their investors."Until now, private market funds have only been accessible to a very small group of investors," says Christian Staub, Managing Director Europe, Fidelity International. "By partnering with Moonfare, our ambition is to democratize the asset class, providing access to the benefits alternative assets may offer with products carefully curated by an experienced team. This is a natural evolution of our business as we continue to deliver the best possible range of services and solutions for our clients to help them achieve their financial goals."