Standard Chartered Global Private Bank has launched the Private Markets Co-Investment Club (CIC) for ultra high net worth (UHNW) clients, with plans to expand into the UK.

The club will look to provide UHNW clients with exclusive deal-by-deal access to global, manager-led private market co-investment opportunities.

The private bank said that the CIC addressed the increasing demand from sophisticated investors for a resource-efficient approach to constructing institutional-grade private market portfolios, focusing on manager-led direct and co-investment opportunities.

It will initially be available to clients in Singapore, Hong Kong and the UAE, with Standard Chartered announcing plans for expansion to Jersey and the UK.

Clients who are CIC members will gain access to institutional-grade due diligence and retain full discretion over their investment decisions.

Additionally, clients will have access to facilitated and transaction support, as well as reporting and progress updates.

As part of the launch, Standard Chartered entered into a partnership with Ardian to provide programmatic access to private equity co-investment opportunities.

Standard Chartered said the collaboration would deliver a structured flow of deals so clients can use a pipeline of institutional-grade investments.

“UHNW individuals are increasingly looking beyond traditional investment solutions to access the private markets,” said Standard Chartered global head of private bank and affluent clients, Raymond Ang.

“We are disrupting the industry with the CIC to offer our clients differentiated access to high-quality direct investment opportunities that are otherwise not readily available.

“This innovative approach leverages our global network and deep local expertise and reinforces our commitment to invest and enhance our capabilities as a leading international wealth manager.”

Ardian executive vice-president and member of the executive committee, Jan Philipp Schmitz, commented: “We are committed to offering innovative solutions tailored to meet the unique needs of every private investor segment and enabling them to access high-quality private capital investments.

“This collaboration with Standard Chartered will provide investors with access to Ardian’s market-leading co-investment platform, which is one of the largest globally.

“Through this strategic partnership, we are looking forward to meeting the evolving needs of our investors.”

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