Fidelity, Moonfare Expand Strategic Partnership into Asia

Fidelity International (Fidelity), a global asset manager with total client assets of $767.6 billion, and Moonfare, a leading global digital investment platform which offers end-to-end solutions for high quality private markets strategies, are expanding their exclusive strategic partnership into Asia. 

The expansion of the partnership serves growing demand from investors aiming to achieve attractive returns by adding alternative investment strategies to their portfolios. Under the partnership, Moonfare will provide access to private market strategies to Fidelity's institutional and eligible clients through a digital platform. The service will initially be accessible in Hong Kong and Singapore, with the aim of rolling it out to other Asian markets at a later stage.

The exclusive strategic partnership started in April 2021 in major parts of Europe, including Germany, Switzerland, Italy, France and the UK. In Asia, Fidelity's institutional and eligible clients such as banks and family offices through their advisors, may access Moonfare's digital platform and private assets (including private equity, private debt, infrastructure and real estate) in a scalable way.

Rajeev Mittal, Managing Director, Asia Pacific ex-Japan at Fidelity International, comments: "Until now, private assets have only been accessible to a limited group of investors. By partnering with Moonfare, our ambition is to democratise this asset class so that more investors can gain access to the benefits private assets could offer, which are carefully curated by an experienced team at Moonfare. This is a natural evolution of our business as we continue to help our clients achieve their financial goals through the best possible range of services and solutions."

Kit Toh, Head of Partnership at Moonfare, adds: "Moonfare's partnership with Fidelity International highlights the natural evolution of our businesses to increase access to the fast-growing alternative asset space. We will build out our market-leading position as a disruptor and synergise with Fidelity in our long-term mission to scale Private Equity solutions efficiently to the broader market and solidifying our position on a global level."

Johann Santer, Head of Private Banking, Wealth and Strategic Clients, Asia Pacific ex-Japan at Fidelity International, adds: "With ongoing pressure on investor returns expected in public markets, alternative investments continue to play an important role in long-term asset allocations. As a result, we are seeing increasing interest from clients to diversify further into private assets. Our partnership with Moonfare and its market leading open-architecture platform, combined with our recently expanded private asset team, provides a strong foundation for future growth."

The partnership serves rising demand for private markets strategies

This announcement follows Fidelity's recent build-out of a private credit division, through the acquisition of MeDirect Bank's credit investment team in January 2021. Fidelity's partnership with Moonfare further bolsters its fast-growing alternative assets capabilities. Moonfare's emphasis on quality selection, digital platform, low minimums and disruptive fee structure, made it stand out as a partner for Fidelity.