Endowus, a Singapore-based digital wealth management platform, has partnered with private equity firm EQT, enabling clients in Singapore and Hong Kong to gain diversified exposure to high-performing investment funds.
The deal broadens the private wealth offerings on the Endowus platform, which seeks to make it easier for investors to access private banking and institutional-grade services at lower minimums and with shorter lock-up periods.
Individual investors are able to avail themselves of the services traditionally only made available to institutional investors, adding greater stability and diversification to their existing portfolio. “The low correlation of private market investments to traditional asset classes and public markets allows investors who seek to further diversify their portfolios and reduce overall risk in volatile market periods,” says Endowus co-founder and chief investment officer Samuel Rhee.
Endowus now manages about US$5 billion in assets. Its clients in Singapore and Hong Kong can choose from a diverse selection of alternative strategies across multi-strategy and single-strategy hedge funds, private equity, private credit, and private real estate managed by established players.
Founded in Stockholm in 1994, EQT is one of the largest and most active private investors within infrastructure, healthcare, and technology, managing more than €224 billion in assets as of September 2023. With offices in 20 countries across Europe, the Americas and Asia-Pacific, the firm has large holdings in Swedish multinational companies, such as ABB, AstraZeneca, Atlas Copco, Electrolux, and Ericsson.
Aside from EQT, other solutions available through the Endowus platform are from Balyasny, Brevan Howard, Bridgewater, Carlyle, Eisler, Hudson Bay, KKR, Millennium, Oaktree, Partners Group, Point72, Quantedge, Schonfeld, and World Quant.