Amundi and Indosuez Wealth Management acquire a stake in AirFund to promote the marketing of private asset funds.
AirFund, a digital platform created in 2021 to facilitate the link between management companies and distributors of Private Markets funds with retail investors, has reached a new milestone in its development with a financing round of €6 million. This new round is jointly led by Amundi and Indosuez Wealth Management, who become minority cornerstone shareholders, and will participate in the company's governance and strategic committee.
This transaction will help market private asset funds managed by Amundi and Indosuez, and facilitate subscription and repurchase transactions in these funds. The investment is accompanied by the signing of three strategic partnerships.
AirFund and Amundi Alternative & Real Assets will join forces to expand their offerings. On the one hand, funds managed by Amundi will henceforth be accessible via AirFund, enabling the company to reach new customers and ultimately serve existing Amundi customers through new digital channels. On the other hand, Amundi's expertise will help AirFund to offer tailor-made real asset fund of funds and feeder fund vehicles, thus meeting demand from AirFund's clients, be they asset management companies or distributors.
By partnering with AirFund, Indosuez Wealth Management will digitalize the distribution of its Private Markets funds to its large private investors, the Crédit Agricole Group's network banks and its external distribution partners. This partnership is in line with Indosuez's development strategy to take the growth of its Private Markets business beyond €10 billion in assets under management by 2025. In addition, the AirFund platform will digitalize the distribution of deals by Indosuez's real estate business line.
The B2B distribution platform Fund Channel (a joint venture between Amundi and CACEIS) will leverage AirFund to broaden the range of funds offered to its distributor clients by including private asset funds. This innovative digital solution for automating private asset fund flows will facilitate access to this asset class for distributors, enabling them to meet their own customers' expectations.