Partnership announced between Swiss Asset manager with Mideastern roots and Zurich-based private bank.
Petiole Asset Management and Kaleido, both based in Zurich, are to work more closely together in future, according to an announcement distributed Thursday.
Petiole will give Kaleido's clients access to private market portfolios comprising both direct investments and co-investments, the announcement said. «Kaleido’s pioneering and partnership culture fits well with our innovative approach to asset management», said Hani Abuali, CEO of Petiole Asset Management.
Almost Two Decades of Expertise
Petiole is a specialist industry provider with $2.2 billion in assets under management and 17 years of experience through its sister company The Family Office Co. According to Petiole, it has extensive experience in the areas of private equity, real estate and private debt. It works together with investors from the Europe, the U.S. and Asia Pacific.
The company has fully digitalized its operational and investment processes and it executes about 15-20 transactions a year. It has ambitious expansion and growth plans for 2022, and the new partnership with Kaleido will given them significant additional momentum.
Exclusive Access
«Leveraging Petiole’s long-standing investing experience, cutting-edge technology, and broad network of global sponsors, allows Kaleido to continue innovating private banking with privileged access to private market transactions», said Gian Nay, Chief Operating Officer (COO) of Kaleido.
