Moonfare continues to double its assets under management to over $2b
By Joy Dumasia
Moonfare, the global private equity investment platform, has doubled assets under management, surpassing $2b. Simultaneously the company has grown its global community of like-minded investors to over 40,000 users. The Berlin-based FinTech is disrupting private market investing by opening access to leading private equity funds for qualified investors and their advisors at low minimums (starting at around $125.000). This phenomenon continues to gain momentum as investors are looking to alternative assets for portfolio diversification and to benefit from PE’s record returns. Fund managers, too, are looking to tap into the private capital pool of individual investors to diversify their revenue base.
“There’s something really exciting happening in private markets. Many regard the democratization of private equity as one of the largest disruptions in financial history, and I personally think this is true”, says Steffen Pauls, CEO and Founder of Moonfare. “Moonfare’s ongoing growth demonstrates this shift. We are grateful and proud that we have reached this important milestone of €2 billion AuM earlier than we anticipated and have again managed to double assets in less than a year, especially in light of the current market situation. We will be continuing down this growth path. Just last week, we opened our 7th global office in Zurich with more to come soon, including Moonfare’s expansion into Israel and beyond.”
“Data shows that recession-era vintages are indeed among the best performing. In fact, the 2001 vintage has been one of the best performing vintages over the last 20 years, according to PitchBook. The more recent 2008-2009 vintages of the GFC also performed significantly better than the years preceding the financial crisis,” says Steffen Pauls. “Currently, PE firms are sitting on huge amounts of dry powder to deploy. In February, Preqin estimated the amount to be a near-record of $1.78 trillion. What is needed now are managers with many years of experience, who have already been through downturn cycles and have a proven ability and the resources at hand to create organic value, not only in booms but also in recessionary periods.”
Moonfare works with fund managers with strong, consistent track records and high-quality investment and operational teams. Moonfare’s investment team conducts ground-up due diligence on all funds. Out of over 200 funds screened on a yearly basis, fewer than 5% of available funds pass this process and make it onto the Moonfare platform.
IBS Intelligence recently reported that Moonfare is actively shaping the ‘Private Markets Go Retail’-phenomenon and is one of the companies in this sphere that acts as a truly global player. Following a $125 million Series C led by technology investor Insight Partners, Berlin-based FinTech Moonfare announces its U.S. debut. With this step, Moonfare becomes a truly global company with operations across Europe, Asia, and the U.S.
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