Bordier & Cie first Swiss bank to join forces with leading private equity fintech Moonfare
Following the announcement of an innovative cryptocurrency partnership with Sygnum Bank earlier this year, Bordier & Cie, a leading Swiss private bank founded in 1844, is pleased to announce that it is the first bank in Switzerland to sign a partnership with Moonfare, the pioneering private equity fintech company which recently raised $125 million from Insight Partners of the US.
Moonfare has unique access to many top-tier and hard-to-access private equity funds, allowing Bordier to provide its client with a broader choice of private equity investment opportunities while also making it available to smaller clients.
The private equity asset class has seen tremendous growth in recent years. With assets under management of over $4 trillion, private equity today is no longer a niche asset class reserved only for institutional investors. With last year’s arrival of Christian Skaanild as a Managing Partner, Bordier & Cie has increased its strategic focus on the private equity asset class. Mr Skaanild is an industry expert, having spent over 20 years working in private equity prior to joining Bordier & Cie. The partnership gives Bordier & Cie’s private clients access to Moonfare’s portfolio of top performing funds, widening its existing offering of leading private equity and venture capital funds. The partnership is unique in the Swiss private banking landscape and will also encompass international operations where both companies are present, including the UK, Singapore and France.
“My partners and I share a strong conviction that the private equity asset class has a home in long term investment portfolios of private clients. To expand Bordier & Cie’s unique offering in the asset class is a strategic priority for our bank and we are delighted to sign this partnership with Moonfare”, says Bordier & Cie Managing Partner, Christian Skaanild. “In only a short time, Moonfare has become the leading platform for individual investors in the private equity sector. Bordier & Cie provides its clients with impartial advice in building a diversified private equity portfolio, so that they may enjoy superior risk-adjusted returns from top performing funds.”
Moonfare gives private investors access to top-tier private market funds that were previously only available for institutions. The platform has been enthusiastically adopted by individuals and their advisors looking for extraordinary returns, leading to the company’s exponential growth in the past months. One of the reasons for Moonfare’s success is the broad asset class coverage it offers with carefully selected top-performing funds. The company’s highly qualified investment team consisting of industry veterans, conducts thorough due diligence and selects only a small percentage of funds covered. Investors also value the Moonfare platform that provides a seamless user-experience and has unique features such as a secondary market allowing investors to sell their stakes, making traditionally illiquid asset classes more liquid.
“We are delighted about this partnership with Bordier & Cie and are looking forward to combining the wealth management expertise of a nearly 200-year old Swiss bank with Moonfare’s technology and unique offering of private investment opportunities” says Moonfare founder and CEO Dr. Steffen Pauls. “This partnership is another milestone for our growth strategy in Switzerland, which is one of Moonfare’s fastest developing markets accounting for over 10% of our global AUM.”
About Bordier & Cie
Bordier & Cie SCmA is an independent private bank established as an unlimited liability partnership in 1844 in Geneva. Since then, the bank has grown into an international banking group owned and managed by the fifth generation of the same family. For the past 177 years, as a family of entrepreneurs, Bordier & Cie has helped to preserve the wealth entrusted to it by its clients, growing and safeguarding it for future generations.
Moonfare offers individual investors and their advisors first-time access to top tier private equity investment opportunities. The Moonfare platform provides an easy-to-use and secure end-to-end digital service. Clients can customize the experience to fit their preferences. To date, clients have invested more than €1,3 billion through Moonfare’s platform. The company has a proven track record of partnering with a number of well-established private banks, family offices and wealth managers.
To date, Moonfare has offered 42 private markets funds from top general partners worldwide with an emphasis on private equity buyouts, technology and real asset categories like infrastructure. Headquartered in Berlin, Moonfare operates in 13 countries across Europe and Asia and has offices in Hong Kong, London and Luxembourg, with more to open soon. In November, Moonfare raised $125 million in Series C funding, led by New York-based global private equity and venture capital firm Insight Partners. Moonfare will use the funding to continue to develop innovative investment solutions and accelerate its international expansion. The company has raised $185 million in funding to date. LinkedIn named Moonfare as one of the top 10 startups in Germany for 2020.
Johanna zu Stolberg
+49 30 403 686 049
Bordier & Cie
T: +41 (0)58 258 03 54
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