Pinnacle backs private markets managed accounts platform

Pinnacle Investment Management has invested further into the managed accounts space, this time backing the launch of a managed accounts platform by FinCap Group Holdings aimed at advisers and their wholesale clients.

According to FinCap, the platform is designed to offer wholesale and professional investors institutional-quality access to private market investments, including private equity, private credit and real assets, through a managed account structure.

The rationale behind the platform and the Pinnacle investment is that private managed accounts are emerging as a high-growth segment as advisers, consultants, and research houses seek scaleable, compliant access to alternatives.

Pinnacle founder and managing director, Ian Macoun described the management accounts segment, particularly in managed accounts, as still nascent in Australia.

“However, the pace of tech innovation in this area is accelerating and it will soon play a fundamentally important role in helping advisers deliver scalable, customised private market exposure, through structures that better align with client needs,” he said.

“FinCap brings deep experience and a clear strategic vision to this opportunity, so we’re proud to support the launch of the managed accounts platform, and to back a solution we see as becoming increasingly important in delivering high quality private market investment capabilities to a broader set of investors.”

According to FinCap the technology underpinning the platform is based on OpenInvest’s established infrastructure used across the retail advice, stockbroking and asset management sectors but adapted by FinCap to meet the more complex demands of private market investing.

Among those adaptations are liquidity management, portfolio construction and institutional grade reporting.

It noted that OpenInvest is a third-party investment platform provider backed by several investors, including Pinnacle.

FinCap founder and chairman, Christian Ryan said he had worked with advisers and investors seeking access to high quality private market opportunities for over two decades.

“This platform reflects that demand. It combines deep private markets expertise, fit-for-purpose scalable technology, and a structure that resonates with advisers. Pinnacle’s backing gives us the capability and confidence to lead in this segment,” he said.