Aberdeen has bolstered its presence in private markets by partnering with European infrastructure provider Titanbay.
The agreement will allow Aberdeen's Global Private Markets fund, and its other multi-asset private markets offerings, to be marketed to UK distributors and wealth managers. The two firms said the partnership would solve operational delays and lost investment opportunities caused by legacy systems and traditional trading platforms. This comes over a year after Aberdeen completed the sale of its European private equity division to Patria Investments, for up to £100m. The firm has been struggling with significant outflows despite recording growth in its AUM to £517.6bn. On the former,...
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