One for all and four for one

BMO Global Asset Management has tapped in to in its inner Musketeer and created a new “four for one” fund vehicle with Partners Group. The single vehicle will give high-net-worth investors easy access to four asset classes spanning private equity, private credit, real estate, and infrastructure. It is believed that around 20% of the fund will remain in cash in order to provide sufficient liquidity for redemptions. It is yet another sign of the growing democratization of private markets, as asset managers look to broaden their investor base. This new “access all areas” fund will be the first of three simplified private market funds at BMO. And the fact that there will be no capital calls and low minimum investments means that we might start to see more of these “four for one” specials hitting the marketplace, and lead to an even bigger influx of investor capital.