Aberdeen has entered into a strategic partnership with Titanbay to simplify access to private markets for wealth managers and distributers in the UK.

The organisations noted that interest in evergreen private markets was rising across the UK, but distributors were encountering complexities as legacy systems and traditional trading platforms were “struggling to keep pace”.

This was resulting in operational delays and missed opportunities for distributors and their clients, the firms stated.

To address these challenges, Aberdeen and Titanbay are collaborating with UK distributors to identify and tackle these operational hurdles.

The partnership will seek to streamline the compliance process and integrate technology, aiming to ensure that distributors can effectively respond to investor demand.

Comprehensive compliance processes will be automated through the collaboration to reduce manual workload and operational risk.

"The attractiveness of private markets as a hedge against inflation is a key theme against a volatile geopolitical backdrop,” commented Aberdeen Investments CEO, Xavier Meyer.

“Yet every private market sub-segment has its own dynamics, which is why diversified strategies such as our Global Private Markets Fund are so relevant, with the added benefit of quarterly redemptions.

“As interest in our Global Private Markets Fund grows rapidly, addressing operational constraints has become increasingly important.

“Titanbay’s infrastructure and proactive approach to resolving these challenges will significantly enhance distributors' ability to effectively serve their clients.”

Titanbay head of UK sales, James Singleton, added: "UK distributors are beginning to hit significant operational roadblocks just as investor interest in evergreen funds takes off.

“This partnership with Aberdeen positions us ahead of these challenges, enabling distributors to scale efficiently and provide clients with timely investment solutions."

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