Andrea Mody, Managing Director, Wealth Solutions, Macquarie Asset Management met with Julie Cooling, Founder & CEO, RIA Channel to discuss the rising advisor demand for private market exposure and key innovations poised to expand investor access.
Macquarie is one of the largest infrastructure managers in the world and is well-known amongst institutional investors. The global asset manager has more than 50 years of experience in private and public investments and manages more than $520 billion in assets across its book of business. The firm’s family of mutual funds, listed under the Delaware Funds brand name, also offers a long history and track record of quality investment solutions.
Looking ahead, Macquarie sees major demand and need for public / private hybrid products. “We think this is one of the most dynamic and growing parts of the asset management world,” says Mody, “It’s really all about creating solutions that help advisors increase the allocation of high net-worth capital to alternatives.” Macquarie’s recent acquisition of Central Park Group, an independent investment advisory firm that specializes in institutional-quality alternative investment strategies for high-net-worth investors, highlights the firm’s mission of delivering more access to a wider range of alternative strategies.
The Delaware Wilshire Private Markets Fund, open to accredited investors, provides diversified exposure across the private markets landscape, with the added benefits of lower minimums, no capital calls, no K1s and a fixed management fee. The continuously offered closed-end fund in a new auction-fund structure, seeks to offer shareholders annual tenders and the ability to buy and sell shares monthly.
“We know education is at the forefront for advisors,” says Mody. The Sharpe Advisor, launched by Macquarie last year, offers a practical private markets guide of how-tos, the 101s of private markets, and a library of advisor centric resources and tools.
To learn more, head here.
Investing involves risk, including the possible loss of principal.
Past performance does not guarantee future results.
There is no guarantee that investment objectives will be achieved.
Diversification neither guarantees a gain nor protects against a loss.
Nothing presented should be construed as a recommendation to purchase or sell any security or follow any investment technique or strategy.
This is neither an offer to sell nor a solicitation of an offer to buy the securities described herein. Only a prospectus for Delaware Wilshire Private Markets Fund can make such an offer.
Carefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Fund’s prospectus and the summary prospectus, which may be obtained by calling 855 520-7711. Investors should read the prospectus and summary prospectus carefully before investing.
Investment in the Fund may be made only by entities or natural persons that are “accredited investors” within the meaning of Regulation D under the 1933 Securities Act. The form of investment structure for this product is commonly known as a “master feeder” structure. Both the Delaware Wilshire Private Markets Fund (the “DWPM Fund”) and the Delaware Wilshire Private Markets Tender Fund (the “Tender Offer Fund,” and together with the DWPM Fund, the “Feeder Funds”) invest substantially all of their assets in the Delaware Wilshire Private Markets Master Fund (the “Master Fund”). The Master Fund and each Feeder Fund (each, a “Fund,” and together, the “Funds”) is a Delaware statutory trust registered under the Investment Company Act of 1940 (“1940 Act”) as a non-diversified, closed-end management investment company. The Master Fund has the same investment objective and identical investment policies as those of the Feeder Funds. Therefore, each Feeder Fund’s investment results will correspond directly to the investment results of the Master Fund.
Certain risk factors below discuss the risks of investing in private markets investment funds (“Private Markets Investment Funds”). The Master Fund’s investments generally will consist of investments in Private Markets Investment Funds. Accordingly, the Master Fund will be exposed to such risks directly through its investments in Private Markets Investment Funds. The Feeder Funds will be exposed to such risk indirectly through their investment in the Master Fund.
Investments held in Private Markets Investment Funds may have liquidity constraints, and may not be suitable for all investors. The possibility that securities cannot be readily sold at approximately the price at which a portfolio has valued them may limit the Master Fund‘s ability to dispose of securities at a desirable time or price.
Investment in a Fund is speculative and involves substantial risks, including the risk of loss of a Shareholder’s entire investment. No guarantee or representation is made that a Fund will achieve its investment objective, and investment results may vary substantially from year to year. Additional risks of investing in a Fund are set forth in the Fund’s offering documents. Investors must have the financial ability, sophistication/experience, and willingness to bear the risks of an investment in private market securities. Such securities may be available only to qualified, sophisticated investors, may have liquidity constraints, and may not be suitable for all investors.
Private market investments may entail a high degree of risk and investment results may vary substantially on a monthly, quarterly, or annual basis. Among many risk factors, some are particularly notable. These include, without limitation, the general economic environment, the health of the housing market, employment levels, the availability of financing, the quality of servicing the assets backing the securities, the seniority and credit enhancement levels for structured securities, government actions or initiatives, and the impact of legal and regulatory developments. Additionally, private market strategies may represent speculative investments and an investor could lose all or a substantial portion of his/her investment.
Non-Diversification Risk. “Non-diversified” Funds may allocate more of their net assets to investments in single securities than “diversified” Funds. Resulting adverse effects may subject these Funds to greater risks and volatility.
As the Delaware Wilshire Private Markets Fund investment manager, Delaware Management Company, a series of Macquarie Investment Management Business Trust (MIMBT), has overall responsibility for the investment management of the Fund, which includes recommending the Fund’s sub-advisor, and evaluating and monitoring the Fund and sub-advisor. See the Delaware Wilshire Private Markets Fund prospectus for details. The Delaware Wilshire Private Markets Fund is offered by prospectus only.
Delaware Wilshire Private Markets Fund is distributed by SEI Investments Distribution Co, One Freedom Valley Drive, Oaks, PA 19456, which is not affiliated with Delaware Management Company or any of its affiliates.
Macquarie Asset Management (MAM) is the asset management division of Macquarie Group. MAM is a full-service asset manager offering a diverse range of products across public and private markets including fixed income, equities, multi-asset solutions, private credit, infrastructure, renewables, natural assets, real estate, and asset finance. MAM includes investment products and advisory services provided by Macquarie Investment Management Business Trust (MIMBT), a Securities and Exchange Commission (SEC) registered investment advisor. Macquarie Group refers to Macquarie Group Limited and its subsidiaries and affiliates worldwide.
Other than Macquarie Bank Limited ABN 46 008 583 542 (“Macquarie Bank”), any Macquarie Group entity noted in this document is not an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these other Macquarie Group entities do not represent deposits or other liabilities of Macquarie Bank. Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these other Macquarie Group entities. In addition, if this document relates to an investment, (a) the investor is subject to investment risk including possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group entity guarantees any particular rate of return on or the performance of the investment, nor do they guarantee repayment of capital in respect of the investment.
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