InvestCloud Announces Apollo as Founding Partner in Private Markets Account Network
InvestCloud announced Apollo Global Management as a founding partner in the company’s Private Markets Account Network (PMA Network), a new offering the firm launched in December that combines public and private assets on one platform.
This deal allows InvestCloud’s wealth management clients to access Apollo’s private market model portfolios, including fixed income, equity, and real asset solutions, as well as multi-manager models in their managed account programs. These offerings will be available through InvestCloud’s APL platform, which manages more than $3 trillion in assets across nearly 10 million accounts.
The network connects asset managers, wealth managers, intermediaries, distributors, and model creators through InvestCloud’s platform, facilitating broader access to private market investments. This system is designed to simplify portfolio management and improve investment outcomes for financial advisors and their clients by providing a centralized point for holding, valuing, and rebalancing alternative investments.
“By combining Apollo’s deep private market expertise with our leading technology, we are dramatically accelerating the integration of private markets into the wealth management landscape,” said Jeff Yabuki, Chairman and CEO of InvestCloud.
“Apollo and other general partners within the PMA Network can gain unparalleled access to distribution channels, creating new possibilities for the entire ecosystem,” added Stephanie Drescher, partner and chief client and product development officer at Apollo Global Management.
