HUB24, an ASX-listed company has purchased a minority equity interest in Sydney-based fintech company Reach Alternative Investments. This investment can be considered a major step for both of them, positioning themselves as enterprises that seek to diversify their services and increase Australian investors’ access to private markets.
Vision and Commitment of HUB24
HUB24 invested in Reach Alternative Investments, it’s all about adding more depth to HUB24 as a platform and more breadth to what HUB24 can offer its clients. Through engaging with Reach to achieve this memorandum of understanding, HUB24 aims to co-develop products and solutions that are suitable to the advisers and their respective clients to allow them access to quality alt investments hitherto unavailable to them.
This partnership also demonstrates HUB24’s strategy of embracing innovation while also highlighting the company’s emphasis on providing clients with value. With the help of Reach’s platform to be connected to its own HUB24 believes that the end users, including advisers and investors, will be able to expand the range of portfolios and finally reach their objectives on the financial scene.
Vision of Reach Alternative Investments
Reach Alternative Investments was established in 2021. Reach Alternative Investments has positioned itself as a significant fintech player in the market where it offers access to the private equity and private funds market that are traditionally available to institutional investors only. The company solves the administrative and capacity issues that are familiar to modern demanding investors, private clubs of wealthy individuals, and family offices.
The access to high-quality private market investments via Reach Alternative Investments’ marketplace is meant to broaden its appeal and cater to a wider public. In the same manner, Reach has cultivated exclusive relationships with some of the most renowned global asset managers including EQT, PGIM, Apollo, TPG, BlackRock, and Bain Capital so that clients of Reach have access to some of the most effective investment opportunities globally.
Strategic Investment in Reach Alternative Investments
HUB24 an Australian-based company that offers a comprehensive package of services for advisers and clients who seek various forms of investment has taken an investment in Reach Alternative Investments. The details of the deal have not been disclosed, but the fact is known that this year in March, Reach raised $3 million at a $15 million post-money valuation. This investment is a strategic direction for HUB24 as they partner with exciting fintech businesses to provide solutions that address the current demands of the clients.
Collaboration between HUB24 and Reach Alternative Investments
The collaboration between HUB24 and Reach Alternative Investments is how the Australian fintech landscape is constantly evolving. With fintech firms expanding and revolutionizing financial solutions continuously, such strategic collaborations are important for the growth and dissemination of innovative products.
Reach Alternative Investments having HUB24 as their strategic investor is the source of much-needed support and capital that is necessary to advance their operations and develop the platform. This will ensure the company gets to the next level where a higher number of people get to invest in high-quality private market funds.
Conclusion
The strategic acquisition of Reach Alternative Investments by HUB24 is a big development for both companies. Each of them is uniquely positioned to alter the landscape of how alternative investments are formed and managed in Australia due to their capabilities.
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