Press Release February 2021
Truffle Invest and Delio form strategic partnership to offer modular access to private markets funds
Private markets specialist Truffle Invest and award-winning fintech Delio have formed a strategic partnership to offer a modular private markets funds solution to the wealth management industry.
The partnership combines Delio’s market-leading technology solutions with Truffle’s expertise in building private markets portfolios. By joining forces, they will now offer a bespoke private markets solution for banks, wealth managers and multi-family offices across Europe and beyond. The new proposition will integrate services spanning product, structuring and technology and can be configured in line with a wealth manager’s specific objectives.
The services build on the experience of Truffle’s team in the institutional investment space, where they have helped some of the world’s largest and most sophisticated investors with their private markets portfolios. Replicating these investments in private investor portfolios is often a complex challenge for wealth managers due to the specialist expertise required to access leading funds, construct portfolios, undertake due diligence and structure investments in line with regulatory considerations. Truffle is a buy-side participant in the market, acting on behalf of its wealth manager partners.
As a result, Truffle are offering access to these services in an easily accessible integrated format that will be delivered using Delio’s market-leading digital platform. Already utilised by more than 80 financial institutions worldwide, Delio’s technology digitises all aspects of the private investment lifecycle including origination, distribution, subscription through to investor reporting and capital call management. This enables firms to scale their private market proposition while improving operational efficiency, mitigating regulatory risk and delivering an enhanced client experience.
Jason Proctor, Managing Director of Truffle Invest, commented; “We are delighted to be working closely with the team at Delio to bring institutional private markets fund programs to the private wealth sector. We believe that the combination of our private markets investment experience, Delio’s proven technology infrastructure, plus a range of structuring solutions developed by both parties, means we are able to solve the challenges many in the private wealth industry face in expanding their private investment offering for their clients.”
Gareth Lewis, Chief Executive of Delio, said; “The partnership with Truffle is another step towards our goal of offering a holistic private markets solution for financial institutions. While technology is at the heart of our business, much of the value we offer our clients is through our wider understanding of the operational and regulatory complexities associated with private investments. Joining forces with the Truffle team enables us to combine our respective areas of expertise and deliver a simple, elegant and tailored private markets solution to the market.”
For more information, please contact:
Jason Proctor, Managing Director at Truffle, +44 (0)7745130871 or email firstname.lastname@example.org
Tirza Kreuwel, PR Associate at Delio, +44 (0)7591 583510 or email email@example.com
Notes to editors:
About Truffle Invest
Truffle provides bespoke private markets solutions, allowing wealth managers and family offices to build a comprehensive private markets portfolio tailored to their client needs (e.g. global diversified PE portfolio, impact investing focus etc).
Truffle is an independent private markets firm, allowing wealth managers, family offices and trusted advisors to retain and enhance their client relationships.
Truffle provides clients with access to wide range of curated, high quality private markets funds covering private equity, private debt, venture capital and real assets.
Truffle is on the buy side and acts on behalf of its clients, performing manager sourcing & selection, fund structuring and fund management services on their behalf.
Truffle offers a range of value-add services such as cash flow management, portfolio construction, investment pacing, co-investments etc. on a modular basis, complementing existing in-house private market capabilities.
Truffle Invest Ltd is a Appointed Representative of Met Facilities LLP which is authorised and regulated by the Financial Conduct Authority.
Delio was founded in 2015 by Gareth Lewis (Chief Executive) and David Newman (CCO) and has offices across the UK, Switzerland, Dubai, Singapore, Australia and New York.
It provides highly configurable technology for the world’s most respected financial institutions such as ING, Coutts, Barclays, NAB, and UBS, to create, scale and streamline their end-to-end private investment propositions.
Delio works in strategic collaboration with PwC since early 2020, supporting enterprise financial institutions with the digitisation of their private markets proposition.
In 2020 Delio also partnered with Avaloq, joining its avaloq.one platform, which is designed to help financial institutions to accelerate the digitisation of their services.
The company was selected as a WealthTech100 company in 2019 and 2020, highlighting Delio as one of the world’s most innovative WealthTech companies.
Delio is authorised and regulated by the FCA.