Revolut expands private markets offering with Apollo, Ares and Partners Group funds
Digital banking platform Revolut is broadening its wealth management business by giving retail investors across Europe access to private markets strategies managed by leading alternative asset firms including Apollo Global Management, and Ares Management, according to a report by Bloomberg.
The new offering, which also includes vehicles from Hamilton Lane and Partners Group, allows eligible customers in countries including France and Spain to invest in private equity, private credit and infrastructure funds through Revolut-managed feeder vehicles, with minimum investments starting from just €1.
The initiative represents another step in the alternatives industry’s drive to expand its retail investor base as traditional institutional fundraising becomes more competitive. Large private capital managers have increasingly partnered with digital investment platforms to reach individual investors and diversify their sources of capital.
Revolut, which has more than 75 million users globally, said it will not charge additional platform or transaction fees beyond the underlying costs associated with each fund. Instead, the fintech will receive standard distribution payments linked to the relevant fund share classes, with the company stating that these arrangements are consistent with those available to other distributors.
The launch comes as parts of the private markets industry continue to grapple with elevated redemption requests from individual investors. Several major managers, including Apollo and Ares, have imposed redemption limits on certain semi-liquid investment vehicles, while Partners Group recently capped withdrawals from one of its flagship evergreen buyout funds amid heightened demand for liquidity.
To help address these concerns, Revolut said it has carried out extensive due diligence on participating managers, assessing not only long-term investment performance but also their ability to manage investor liquidity and redemption requests. The platform emphasised that the funds are intended for investors with long-term investment horizons who do not require immediate access to their capital.
The move forms part of Revolut’s broader strategy to expand its fee-generating wealth management business beyond its existing banking, payments, cryptocurrency and listed securities offerings. The company is targeting continued growth in assets under management as it works towards its longer-term ambition of serving 100 million customers across 100 countries.
The partnership follows a growing trend of alternative asset managers collaborating with retail investment platforms. Other recent examples include Trade Republic’s partnerships with Apollo and EQT, while Robinhood has also introduced private markets products for retail investors in the US.
