The San Francisco-based $7.75 billion Perigon Wealth Management is partnering with the iCapital alternative investment marketplace platform to help Perigon’s financial advisors meet growing client demand for private market vehicles. The new venture will provide access to “a diversified range of alternative investments,” including private equity, private credit, hedge funds and real assets, the companies said in a joint statement.
“Enhancing access to high-quality alternative investment opportunities supports our growth strategy by giving our advisors the tools they need to deliver strong, diversified portfolios to our clients while also attracting sophisticated advisors and clients to our firm,” said Perigon CEO Art Ambarik.”
A benefit of iCapital’s operating system is that it can “seamlessly integrate” with Perigon’s existing platform and tools “to automate and streamline the private markets investment process,” the companies explained.
Steve Houston, managing director and Co-Head of iCapital Solutions, added, “We are excited to partner with Perigon Wealth Management and support increased access to alternative investment opportunities while reducing the complexity associated with managing the lifecycle of the investments. Our collaboration empowers Perigon’s financial advisors with the innovative tools and resources needed to meet the increasing demand for alternative investments.”
Perigon is an advisor-led firm that has added teams and offices across six major markets since December 2021. In September 2022, the firm announced a merger with PM Wealth Management, and formed a strategic alliance with Prager Metis CPAs, a tax advisory firm. In November 2022, Perigon announced it acquired Nauset Wealth Management, and also expanded its Atlanta office.