The latest offerings in investments, such as funds and structured products, and other notable developments.

ADDX, Partners Group
Singapore-regulated private market exchange ADDX today said that it has tokenised an allocation to a global private equity fund by the Switzerland-listed Partners Group. 

A tokenised asset such as private equity is wrapped in a tradeable piece of code. A blockchain token is issued for each asset which forms a digital representation of the asset. The token may represent the asset in whole or in part. It allows investors to own small pieces of an investment – widening access to hitherto hard-to-access areas such as venture capital and private equity.

ADDX and Partners Group said that the €5.5 billion ($6.43) Global Value SICAV Fund is the first fund by a major private equity firm to be tokenised anywhere in the world.

The offering is significant because private equity funds have been traditionally dominated by institutional capital, including large family offices, rather than by private individuals. Typically, ADDX and Partners Group said, they are generally available at a minimum threshold of $100,000 or more.

ADDX said tokenisation can widen access, making the asset class available at a minimum of $10,000.

Launched in 2007, the €5.5 billion Partners Group Global Value SICAV Fund is exposed to more than 500 underlying companies and assets and is broadly diversified across a variety of industries and vintage years. The fund’s assets are distributed globally, across North America (43 per cent), Europe (4 per cent), Asia-Pacific (13 per cent), and the rest of the world (4 per cent). By financing stage, the largest share of the portfolio is in buyouts (79 per cent), followed by special situations (16 per cent) and venture capital (5 per cent).

"Tokenisation marks another important milestone for the private markets industry. Partners Group has always been at the forefront of providing innovative private markets solutions to different types of investors and the story continues today, underpinned by strong demand from the accredited investor universe. We are excited to be working with ADDX to further facilitate access to private market investments and contribute towards the 'democratisation' of private markets, which is a dominant trend that is here to stay,” Victor Jung, head of distribution partners and liquid private markets Asia, Partners Group, said.

DataYes, PAG
DataYes, which provides investment management and data solutions for Chinese financial firms by harnessing artificial intelligence, has raised $100 million in a strategic financing round, led by fund manager PAG.

To date, DataYes has provided data, software-as-a-service and solutions services to more than 2,000 financial institutions and over 10 million individual investors in China and worldwide, it said in a statement yesterday. 

The organisation, founded in 2013 and backed by the conglomerate parent firm Wanxiang Holdings, is trying to take advantage of rising Chinese investment wealth. It cited Boston Consulting Group’s prediction that China’s household wealth will reach RMB210 trillion ($38.7 trillion) by 2025.

PAG is an Asia-focused investment firm, holding $40 billion in assets.

Wanxiang Holdings is an investment holding company with holdings across many fields in the financial services industry, including insurance, asset management, trust, leasing, derivatives, payment services and technology (financial information, cloud computing, big data and blockchain).