Titan investors can now access private equity markets – Apollo Global Management (NYSE: APO)
Online Mediation Titan It now provides its individual investor users with access to private funds offered by alternative investment managers Apollo Global Management APO And the Carlyle Group Inc CG.
what happened? In an interview with Yahoo Finance earlier this month, co-founder and co-CEO of Titan Joe Bercoko Titan’s new partners will provide its users with access to the private credit and real estate markets, areas usually reserved for institutional investors only, he said.
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Asset managers such as Apollo and Carlyle are said to be pushing to give retail investors greater access to private markets.
The new Titan real estate fund offering will come from Apollo and will include a 1.5% fee in addition to the Titan annual 1% fee on deposits of $10,000 or more. Users with deposits less than $10,000 pay a flat fee of $5 per month.
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Carlyle’s special credit offer includes a 1% fee with an additional incentive fee added once a certain hurdle is met.
Investors must qualify as accredited investors to invest in private equity firms that have not yet gone public through an IPO or other means.
In order to qualify for the accreditation, an investor must meet one of the following two conditions:
1. Individual income of $200,000 or more (or joint income with a spouse of $300,000 or more) in each of the past two years and a reasonable way to maintain that level of income in the future.
2. A net worth of more than $1 million, excluding the value of the main residence.
Titan plans to expand its partnerships to include additional investment managers and give investors access to new asset classes and funds along the way.
Take benzinga: Access to private market offerings can help retail investors further diversify their investment portfolios, but private equity markets are also relatively illiquid and risky compared to public markets.
Retail investors should exercise caution and ensure that they fully understand any private investments they may purchase.
Photo: Dilok Klaisataporn via Shutterstock