New York – February 15, 2023 — Welton Investment Partners (Welton), the alternative investment manager focused on the pursuit of consistent returns across market environments, today announced the firm’s strategic partnership with iCapital, the leading global fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries. The new partnership provides the wealth management community access to Welton’s systematic investment capabilities, including its multi-strategy macro program.
Last year, Welton announced the launch of its newly formed wealth management group, led by alternative investment strategy veteran William Marr. iCapital’s platform will enable streamlined access to Welton’s institutional quality investment solutions to the wealth management community, including brokerage houses, RIAs, private banks, and family offices. The platform’s customized end-to-end technology solution digitizes the subscription, administration, operational, and reporting processes for investing in alternatives, creating more opportunities for wealth managers and their clients to efficiently access these investments.
“We are excited to partner with iCapital to offer the wealth management community access to Welton’s sophisticated alternative investment strategies. Private investors are looking for innovative ways to broaden their portfolios beyond the traditional 60/40 mix of stocks and bonds,” said William Marr, Senior Managing Director, Welton Investment Partners. “Historically, these strategies were only available to institutional investors, such as pension funds and insurance companies. Through our partnership with iCapital, we are helping to democratize the investment playing field so retail investors can access multi-asset, multi-strategy programs.”
“The current macroeconomic environment presents significant investment challenges. During the past year alone, we have seen the end of the 40-year bond bull market, rising interest rates, the return of inflation, and a new global economic restructuring – all of which underscore the need for more diversified and non-correlated investment strategies,” said Dr. Patrick Welton, Founder and Chief Investment Officer, Welton Investment Partners. “Partnering with iCapital will enable private investors across the wealth management community to take advantage of the multi-strategy macro programs that are built to stand up to periods of dislocation and volatility.”
“Creating opportunities for advisors and their clients to access institutional-quality investments has always been our core mission at iCapital,” said Lawrence Calcano, Chairman and CEO of iCapital. “We are excited to partner with Welton to bring access to these strategies to the wealth management community.”
About Welton Investment Partners
Welton Investment Partners is an established alternative asset manager that seeks to generate consistent investor returns by identifying recurrent market themes across various market environments. The firm seeks to deliver absolute returns with a low correlation to the broader markets. Welton believes its investment edge derives from an advanced capital allocation process applied to quantitative strategies across equities, fixed income, commodities, and currencies. Welton manages assets for institutional and private investors, with offices in NY and CA. The firm recently launched a subsidiary, Welton France, an investment research center based in Paris, France. More information is available at www.welton.com.
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Products offered by iCapital are typically private placements that are sold only to qualified clients of iCapital through transactions that are exempt from registration under the Securities Act of 1933 pursuant to Rule 506(b) of Regulation D promulgated there under (“Private Placements”). An investment in any product issued pursuant to a Private Placement, such as the fund described, entails a high degree of risk and no assurance can be given that any alternative investment fund’s investment objectives will be achieved or that investors will receive a return of their capital. Further, such investments are not subject to the same levels of regulatory scrutiny as publicly listed investments, and as a result, investors may have access to significantly less information than they can access with respect to publicly listed investments. Prospective investors should also note that investments in the products described involve long lock-ups and do not provide investors with liquidity.
Relationship Between iCapital and Underlying Fund GPs (defined as Underlying Fund GPs of products offered on the iCapital platform where iCapital is acting in an investment advisor capacity). iCapital is not a current client of, or investor in a p private fund advised by, the Underlying Manager; however, iCapital sponsors and manages the Access Fund, which is or is expected to be an investor in the Underlying Fund, a private fund managed by the Underlying Manager. Prospective investors in the Access Fund should be aware that, as a result of the relationship between iCapital and Underlying Fund GPs and its affiliates created by the access fund arrangement discussed herein (1) iCapital is financially compensated for the arrangement by payment of certain management fees (which are calculated as described in “SUMMARY OF PRINCIPAL TERMS OF THE ACCESS FUND – Management Fee” or corollary section of the Access Fund Offering Memorandum) and, if applicable, certain fees for placement of investors in the Access Fund or the Underlying Fund (which are typically calculated as a percentage of an investor’s aggregate commitment to the relevant fund), and (2) the existence of such compensation may create conflicts of interest whereby, for example, iCapital may be more inclined (a) to establish access funds (including the Access Fund) (i) for investment in underlying funds (including the Underlying Fund) sponsored or managed by the Underlying Fund GPs and its affiliates, than for investment in investment funds sponsored or managed by other fund managers, and (ii) upon terms and conditions more favorable to the Underlying Fund GPs and its affiliates than iCapital would otherwise agree to in the absence of such compensation; (b) to make positive statements about the Underlying Fund GPs and its affiliates in order to encourage investors to make a larger commitment to the Access Fund, thereby increasing the fees paid to iCapital, or (c) to vote or exercise consent rights in respect of interests in underlying funds (including the Underlying Fund) held by access funds (including the Access Fund) in a manner more favorable to the Underlying Fund GPs and its affiliates than iCapital would otherwise vote or exercise in the absence of such compensation.
Securities and services may be offered through iCapital Securities, LLC, Axio Financial LLC, and/or SIMON Markets LLC, each of which is a registered broker/dealer, member FINRA and SIPC, and subsidiary of Institutional Capital Network, Inc. (“iCapital”). iCapital Advisors, LLC, a subsidiary of iCapital, is an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”). These registrations and memberships in no way imply that the SEC, FINRA or SIPC have endorsed the entities, products or services discussed herein. iCapital and iCapital Network are registered trademarks of Institutional Capital Network, Inc. Additional information is available upon request.