The private banking business of Italy’s Mediobanca has launched an illiquid strategy aimed at private banking clients.
Mediobanca Private Markets Fund I, developed by US Russell Investments, will be distributed exclusively by the private banking arm of Mediobanca from 2 of November 2018 to 31 January 2019.
The fund will provide private investors access to those asset classes associated to institutional clients, including private equity, private debt, real assets and venture capital, through a wide range of strategies and geographies.
The Seattle asset manager, global advisor for institutional clients and global leader in the selection process of alternative managers, will be the fund’s operational manager.
