Moonfare signs strategic partnership with Multi-Family Office giant Spudy – The agreement will enable hundreds of new individual investors to access top-tier PE funds.
BERLIN – Moonfare, the leading European financial technology company enabling individuals and their advisors to invest in top-tier private equity funds, today announces a collaboration with Hamburg-based Multi-Family Office Spudy. Through the partnership, Spudy’s private and institutional clients will be able to invest into private equity funds that Moonfare makes available via its tech-enabled software platform. This agreement is a significant milestone for Moonfare and Spudy, which manages €11 billion of assets.
Top-tier private equity funds have consistently outperformed the public markets. Despite outstanding returns, it is usually prohibitive for individuals to get access to these funds. Berlin-based Moonfare, is leveling the playing field by giving individuals access to top-tier private equity funds through its end-to-end technology Platform. To solidify its position, it is now collaborating with Spudy.
With the dwindling returns of the public stock market, and the consistent outperformance of private equity to the public markets, private equity is becoming more and more attractive to investors. However, private equity is usually reserved for large institutional investors, such as pension funds and sovereign wealth funds. The reason for this is that private equity funds usually have high minimums, starting at €5 to €10 million.
Since its beginning in 2017, Moonfare has leveled the playing field, and is now giving individual investors and smaller institutional investors, such as family offices, multi-family offices, private banks, and wealth managers direct access to private equity funds via its technology turnkey solution specifically geared to institutional partners. Moonfare offers top-tier private equity funds, from fund managers such as Carlyle, EQT and Warburg Pincus, at €200,000 minimums. The Moonfare Platform is completely digital and investors can build their own curated portfolio from around 10 top-tier funds per year.
Moonfare founder Alexander Argyros said this of the agreement, “We are excited about the partnership between Moonfare and Spudy as it builds on our organisations’ respective strengths. On one side, Moonfare has both figured out how to lower minimus and fees via its pan-European structuring capabilities and also make the actual investment process quick and seamless with its state-of-the art, secured, and fully digital Platform. On the other side Spudy brings its long tradition in asset management and sophisticated client base with a ready demand to build customized PE portfolios. It makes sense to work together.”
Markus Pflitsch, Executive Senior Advisor, leading Moonfare’s partnership activities commented: The partnership with Spudy is a confirmation of the technology that Moonfare has built over the past two years and a demonstration of its wide range and applicability within the European wealth management industry. The team at Spudy has been instrumental in getting this partnership signed and we look forward to a fruitful and successful cooperation into the long-term.
“With Moonfare as a partner, we now have access to a continuous stream of high-quality opportunities. Small ticket sizes allow us to build a diversified portfolio. Moreover, Moonfare’s tech platform ensures a really simple process end-to-end. It has made this potentially high-yielding asset class much more flexible and accessible to the benefit of our clients,” says CEO, Jens Spudy. He adds: “We have been advising our high-net-worth clients on their investment strategies for 24 years, trying to add attractive alternative assets like PE into their portfolios to make them more diversified. Before the launch of Moonfare, this was much more time-consuming.”