Truffle Invest and Delio to offer modular access to private markets funds
Private markets specialist Truffle Invest and Delio have formed a strategic partnership to offer modular private markets funds solution to the wealth management industry.
The partnership combines Delio’s technology solutions with Truffle’s expertise in building private markets portfolios. They will now offer a bespoke private markets solution for banks, wealth managers, and multi-family offices across Europe and beyond by joining forces. The new proposition will integrate services spanning product, structuring and technology and can be configured in line with a wealth manager’s specific objectives.
The services build on Truffle’s team’s experience in the institutional investment space, where they have helped some of the world’s largest and most sophisticated investors with their private markets portfolios. Replicating these investments in private investor portfolios is often a complex challenge for wealth managers due to the specialist expertise required to access leading funds, construct portfolios, undertake due diligence and structure investments in line with regulatory considerations. Truffle is a buy-side participant in the market, acting on behalf of its wealth manager partners.
As a result, Truffle offers access to these services in an easily accessible integrated format that will be delivered using Delio’s market-leading digital platform. Already used by more than 80 financial institutions worldwide, Delio’s technology digitises all aspects of the private investment lifecycle including origination, distribution, subscription through to investor reporting and capital call management. This enables firms to scale their private market proposition while improving operational efficiency, mitigating regulatory risk and delivering an enhanced client experience.
Jason Proctor, Managing Director of Truffle Invest, commented:
“We are delighted to be working closely with the team at Delio to bring institutional private markets fund programs to the private wealth sector. We believe that the combination of our private markets investment experience, Delio’s proven technology infrastructure, plus a range of structuring solutions developed by both parties, means we are able to solve the challenges many in the private wealth industry face in expanding their private investment offering for their clients.”
Gareth Lewis, Chief Executive of Delio, said:
“The partnership with Truffle is another step towards our goal of offering a holistic private markets solution for financial institutions. While technology is at the heart of our business, much of the value we offer our clients is through our wider understanding of the operational and regulatory complexities associated with private investments. Joining forces with the Truffle team enables us to combine our respective areas of expertise and deliver a simple, elegant and tailored private markets solution to the market.”
For more information on our bespoke services for private markets, get in touch with our team for an initial discussion around your requirements.