The bank's HNW clients in Asia and the Middle East will gain access to alternative asset classes, including private equity and private infrastructure, through the team up.
This "first-of-its-kind" solution provides exposure to seven underlying evergreen private market funds managed by BlackRock, HPS, and Partners Group.
Bonaccord will join the CAIS alternative investments platform, which serves over 2,000 wealth management firms and 62,000 financial advisors.
Estes joins from Alston & Bird and will advise on the structuring, development, and distribution of retail investment products, including interval and tender offer funds, BDCs, and REITs.
The Taconic spin-off, which received a $200 million strategic investment from Stable, will launch a credit-focused evergreen fund.
Ardian, Neuberger Berman, and Apollo's S3 are reportedly among participants in the deal that allows investors to cash out from Golden Gate's evergreen vehicle.
