Latest news with #Addepar
Yahoo
3 days ago
- Business
- Yahoo
HSBC UK Private Banking Introduces Addepar Platform, Boosts Offerings
HSBC UK Private Banking, a subsidiary of HSBC Holdings PLC HSBC, has adopted the Addepar platform, which is particularly designed for wealth managers. This move comes after its adoption in the US Private Bank, with plans for rollouts in the Channel Islands and Luxembourg later in the year. HSBC UK Private Banking provides services to domestic and global ultra and high net worth clients alongside family Addepar platform offers a superior client reporting experience, handling complex aspects such as alternative investments and account aggregation. It allows relationship managers and investment advisers to smoothly deliver customized, comprehensive performance reports and investment the platform can consolidate performance data for clients with assets managed by other wealth firms, allowing them to view a full picture of their complete investment portfolio in one Boulton, head of Private Banking, HSBC UK, said, 'Addepar's platform will mean that our clients have the best possible insights at their fingertips to manage an increasingly complex financial landscape. Being able to present a client's entire portfolio to them so they have a holistic view of their wealth across multiple currencies and multiple wealth managers will be a big step forward for us.'James Thomson, head of investment counselling, HSBC UK Private Banking, stated, 'As a leader in the alternatives space, with more and more private banking clients wanting to have a proportion of their portfolio in this asset class, Addepar's advanced alternatives reporting capabilities was [sic] an important selling point.' HSBC's move aligns with an increased focus on high-net-worth and ultra-high-net-worth clients. In mainland China, the bank is growing its wealth business through lifestyle-focused centers and acquisitions like Citigroup's retail wealth arm in June 2024, digital upgrades and hiring HSBC has been boosting its presence through initiatives like launching Global Private Banking, acquiring L&T Investment Management, and enhancing Premier Banking. Over the past six months, shares of HSBC have rallied 24.6%, outperforming the industry's growth of 21.6%. Image Source: Zacks Investment Research Currently, HSBC carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Last month, Deutsche Bank DB collaborated with International Business Machines IBM and finaXai, a Singapore-based AI leveraging IBM's innovative technologies, Deutsche Bank aims to streamline workflows, reduce operational costs and improve efficiency across all areas of its business. The transition from legacy systems to IBM's advanced cloud and AI solutions will allow DB to develop a more agile, scalable, and secure technology Citigroup Inc. C unveiled Citi AI, a range of artificial intelligence tools aimed at enhancing internal processes for Hong Kong employees. Citi AI aims to maximize efficiency in operations by offering support in information retrieval, document summarization, and writing electronic communications for employees. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Citigroup Inc. (C) : Free Stock Analysis Report International Business Machines Corporation (IBM) : Free Stock Analysis Report Deutsche Bank Aktiengesellschaft (DB) : Free Stock Analysis Report HSBC Holdings plc (HSBC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
Addepar secures $230M in series G funding
Addepar, a platform for investment professionals, has raised $230m in a Series G funding round, pushing its valuation to $3.25bn. The investment round was co-led by London-based Vitruvian Partners and returning investor WestCap of New York. It also included long-time investors 8VC and Valor Equity Partners, as well as new investor EDBI, which is part of SG Growth Capital, the investment arm of Singapore's Economic Development Board and Enterprise Singapore. The company's platform, which provides investment professionals with tools to make data-driven decisions, currently supports over $7trn in assets up from $5trn just a year ago. With more than 1,200 client firms in over 50 countries, Addepar continues to grow its global footprint, averaging $25bn in new assets each week. Eric Poirier, CEO of Addepar stated: "This investment round reflects the deep trust our investors have in our mission, and the exceptional value we consistently deliver to our clients. Since day one, our focus has been on building a unified platform that equips investment professionals with advanced technology, precise data, and actionable insights essential tools for achieving extraordinary outcomes in today's rapidly evolving financial landscape. 'This funding aims to reward everyone who has contributed to our mission during our first 15 years and reinforces our commitment to empowering the world's leading firms with deep and lasting innovation. It ensures that our clients are empowered with the right technology, data and tools to navigate the full range of market conditions with confidence." The newly raised funds will be primarily utilised to provide liquidity to workers and early investors through a tender offer, allowing them to participate in the company's growth. A portion of the funds will be used to expedite the development of Addepar's product suite and client services. Moreover, Addepar is on target to become profitable in 2025 and continues to invest more than $100m yearly in research and development. It has established a reputation as a reliable platform for RIAs, family offices, large banks, institutional asset owners, and alternative fund managers, particularly during times of market uncertainty. Luuk Remmen, Partner at Vitruvian Partners shared: "Addepar has established itself as a category leader in investment technology with a strong track record of innovation and measurable global impact. We're proud to bring more than capital to this partnership, offering strategic insight to help accelerate Addepar's next phase of global growth and extend its transformative solutions to more investment professionals worldwide." WestCap's Jaime Hildreth added: "We're proud to deepen our partnership with Addepar as they push the boundaries of innovation across the wealth management ecosystem, providing essential solutions for today's investment managers. We recognised Eric and the Addepar team's vision from the outset and will continue to work alongside their team to build, scale, and pioneer the future of investment management." Addepar was founded in the aftermath of the 2008 financial crisis with the goal of providing better tools, data, and transparency for investors. Since then, it has grown as a key platform in the investment management industry. As markets continue to grapple with uncertainty, Addepar aims to deepen its role in helping firms manage risk, respond to volatility, and deliver differentiated results to clients. "Addepar secures $230M in series G funding" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
Wealthtech provider Addepar lands $230m Series G investment
US-based wealthtech firm Addepar has concluded its Series G funding round, raising $230m at a valuation of $3.25bn. The investment round was jointly led by Vitruvian Partners and returning investor WestCap, with additional contributions from 8VC and Valor Equity Partners. New investor EDBI, part of the Singapore Economic Development Board and Enterprise Singapore, also participated in this funding round. The funds will primarily facilitate liquidity for employees and investors through a tender offer, allowing them to realise the value of their contributions. Additionally, the financing will support investments in 'innovation' and client capabilities. Vitruvian Partners partner Luuk Remmen said: 'We're proud to bring more than capital to this partnership—offering strategic insight to help accelerate Addepar's next phase of global growth and extend its transformative solutions to more investment professionals worldwide." Founded in response to the 2008 financial crisis, Addepar has focused on equipping investment professionals with advanced data, technology, and insights. It aims to set a new benchmark for wealth managers and investors globally. The Addepar platform is utilised by clients to manage and advise on more than $7tn in assets, an increase from $5tn reported last year. The company adds more than $25bn in new assets weekly and serves over 1,200 client firms across more than 50 countries, according to Addepar. Addepar's clientele includes single-family offices, RIAs, large banks, institutional asset owners, and alternative fund managers. The company allocates more than $100m annually towards research and development and anticipates achieving profitability by 2025. Addepar CEO Eric Poirier said: 'This funding aims to reward everyone who has contributed to our mission during our first 15 years, and reinforces our commitment to empowering the world's leading firms with deep and lasting innovation. 'It ensures that our clients are empowered with the right technology, data and tools to navigate the full range of market conditions with confidence.' In September 2024, Addepar partnered with Itaú Private, enhancing the bank's access to Addepar's data aggregation and performance reporting platform in Brazil. "Wealthtech provider Addepar lands $230m Series G investment" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Korea Herald
13-05-2025
- Business
- Korea Herald
Addepar Raises $230 Million at $3.25 Billion Valuation in Series G Investment Round
Vitruvian Partners and WestCap Co-Lead Round with Support from 8VC, Valor Equity Partners and EDBI NEW YORK, May 13, 2025 /PRNewswire/ -- Addepar, a leading global technology and data platform that investment professionals rely on to make the most informed, data-driven investment decisions, announced today the closing of its $230 million Series G investment round. The round was co-led by Vitruvian Partners, headquartered in London, and returning investor, New York-based WestCap, with additional participation from longtime partners 8VC and Valor Equity Partners. Global investor EDBI, operating under SG Growth Capital—the investment platform of the Singapore Economic Development Board (EDB) and Enterprise Singapore—also joined this round as a new investor. Addepar's clients use its platform to manage and advise on more than $7 trillion in client assets, up from $5 trillion just a year ago. The company adds more than $25 billion in new assets on average each week, and serves more than 1,200 client firms across more than 50 countries. Addepar is the platform of choice for single-family offices, RIAs, large banks, institutional asset owners and alternative fund managers. With hundreds of thousands of users worldwide, Addepar has become a leader in wealth and investment management technology and data, and delivers outsized value specifically in times of market volatility. "This investment round reflects the deep trust our investors have in our mission, and the exceptional value we consistently deliver to our clients," said Eric Poirier, Chief Executive Officer at Addepar. "Since day one, our focus has been on building a unified platform that equips investment professionals with advanced technology, precise data, and actionable insights—essential tools for achieving extraordinary outcomes in today's rapidly evolving financial landscape. This funding aims to reward everyone who has contributed to our mission during our first 15 years, and reinforces our commitment to empowering the world's leading firms with deep and lasting innovation. It ensures that our clients are empowered with the right technology, data and tools to navigate the full range of market conditions with confidence." Addepar continues to invest over $100 million annually in research and development and is on track to achieve profitability in 2025. The proceeds from its Series G financing will primarily be used to provide liquidity to employees and other investors through a tender offer, allowing them to realize the value of their contributions. In addition, it will further accelerate investments in innovation and client capabilities, enabling firms to differentiate themselves in an increasingly competitive market. Addepar continues to deliver exceptional client satisfaction and retention, strong revenue growth, and rapid product innovation at scale. "Addepar has established itself as a category leader in investment technology with a strong track record of innovation and measurable global impact," said Luuk Remmen, Partner at Vitruvian Partners. "We're proud to bring more than capital to this partnership—offering strategic insight to help accelerate Addepar's next phase of global growth and extend its transformative solutions to more investment professionals worldwide." "We're proud to deepen our partnership with Addepar as they push the boundaries of innovation across the wealth management ecosystem, providing essential solutions for today's investment managers," said Jaime Hildreth, Partner at WestCap and Addepar board member. "We recognized Eric and the Addepar team's vision from the outset and will continue to work alongside their team to build, scale, and pioneer the future of investment management." Born in response to the 2008 global financial crisis, Addepar has maintained an unwavering focus on empowering investment professionals with the best data, technology and insights. In doing so, it has set a new standard for the world's leading wealth managers and investors. "Addepar is building the global operating system for investment professionals—connecting data, insight, and action in one powerful platform," said Joe Lonsdale, General Partner at 8VC and Addepar's Co-founder and Chairman of the Board. "This milestone reflects the market's belief in that vision and the strength of the team driving it. As Addepar expands its global reach, it's redefining how capital is managed and decisions are made across the investment ecosystem." Today, amid significant market turbulence and economic uncertainty, Addepar is uniquely positioned to double down on innovation—expanding its platform to help clients navigate volatility, manage risk, and deliver differentiated value to their own clients with greater speed, accuracy, and insight. As the company continues to grow, it remains deeply committed to driving meaningful, long-term impact across global markets by empowering firms to act with greater clarity and confidence. About Addepar Addepar is a global technology and data company that helps investment professionals provide the most informed, precise guidance for their clients. Hundreds of thousands of users have entrusted Addepar to empower smarter investment decisions and better advice over the last decade. With client presence in more than 50 countries, Addepar's platform aggregates portfolio, market and client data for more than $7 trillion in assets. Addepar's open platform integrates with more than 100 software, data and services partners to deliver a complete solution for a wide range of firms and use cases. Addepar embraces a global flexible workforce model with offices in Silicon Valley, New York City, Salt Lake City, Chicago, London, Edinburgh, Pune and Dubai. About Vitruvian Partners Vitruvian Partners is a global growth-focused investor with offices across London, Stockholm, Munich, Madrid, Luxembourg, Mumbai, Singapore, Shanghai, Miami, and San Francisco. Vitruvian focuses on dynamic situations characterized by rapid growth and change across asset-light industries. Vitruvian has over $20 billion of active funds which have backed many global winners and leaders in their sectors, including Wise, Marqeta, CFC, Global-e, Darktrace, Just Eat, and Skyscanner. Further information can be found at
Cision Canada
13-05-2025
- Business
- Cision Canada
Addepar Raises $230 Million at $3.25 Billion Valuation in Series G Investment Round
Vitruvian Partners and WestCap Co-Lead Round with Support from 8VC, Valor Equity Partners and EDBI NEW YORK, May 13, 2025 /CNW/ -- Addepar, a leading global technology and data platform that investment professionals rely on to make the most informed, data-driven investment decisions, announced today the closing of its $230 million Series G investment round. The round was co-led by Vitruvian Partners, headquartered in London, and returning investor, New York-based WestCap, with additional participation from longtime partners 8VC and Valor Equity Partners. Global investor EDBI, operating under SG Growth Capital—the investment platform of the Singapore Economic Development Board (EDB) and Enterprise Singapore—also joined this round as a new investor. Addepar's clients use its platform to manage and advise on more than $7 trillion in client assets, up from $5 trillion just a year ago. The company adds more than $25 billion in new assets on average each week, and serves more than 1,200 client firms across more than 50 countries. Addepar is the platform of choice for single-family offices, RIAs, large banks, institutional asset owners and alternative fund managers. With hundreds of thousands of users worldwide, Addepar has become a leader in wealth and investment management technology and data, and delivers outsized value specifically in times of market volatility. "This investment round reflects the deep trust our investors have in our mission, and the exceptional value we consistently deliver to our clients," said Eric Poirier, Chief Executive Officer at Addepar. "Since day one, our focus has been on building a unified platform that equips investment professionals with advanced technology, precise data, and actionable insights—essential tools for achieving extraordinary outcomes in today's rapidly evolving financial landscape. This funding aims to reward everyone who has contributed to our mission during our first 15 years, and reinforces our commitment to empowering the world's leading firms with deep and lasting innovation. It ensures that our clients are empowered with the right technology, data and tools to navigate the full range of market conditions with confidence." Addepar continues to invest over $100 million annually in research and development and is on track to achieve profitability in 2025. The proceeds from its Series G financing will primarily be used to provide liquidity to employees and other investors through a tender offer, allowing them to realize the value of their contributions. In addition, it will further accelerate investments in innovation and client capabilities, enabling firms to differentiate themselves in an increasingly competitive market. Addepar continues to deliver exceptional client satisfaction and retention, strong revenue growth, and rapid product innovation at scale. "Addepar has established itself as a category leader in investment technology with a strong track record of innovation and measurable global impact," said Luuk Remmen, Partner at Vitruvian Partners. "We're proud to bring more than capital to this partnership—offering strategic insight to help accelerate Addepar's next phase of global growth and extend its transformative solutions to more investment professionals worldwide." "We're proud to deepen our partnership with Addepar as they push the boundaries of innovation across the wealth management ecosystem, providing essential solutions for today's investment managers," said Jaime Hildreth, Partner at WestCap and Addepar board member. "We recognized Eric and the Addepar team's vision from the outset and will continue to work alongside their team to build, scale, and pioneer the future of investment management." Born in response to the 2008 global financial crisis, Addepar has maintained an unwavering focus on empowering investment professionals with the best data, technology and insights. In doing so, it has set a new standard for the world's leading wealth managers and investors. "Addepar is building the global operating system for investment professionals—connecting data, insight, and action in one powerful platform," said Joe Lonsdale, General Partner at 8VC and Addepar's Co-founder and Chairman of the Board. "This milestone reflects the market's belief in that vision and the strength of the team driving it. As Addepar expands its global reach, it's redefining how capital is managed and decisions are made across the investment ecosystem." Today, amid significant market turbulence and economic uncertainty, Addepar is uniquely positioned to double down on innovation—expanding its platform to help clients navigate volatility, manage risk, and deliver differentiated value to their own clients with greater speed, accuracy, and insight. As the company continues to grow, it remains deeply committed to driving meaningful, long-term impact across global markets by empowering firms to act with greater clarity and confidence. About Addepar Addepar is a global technology and data company that helps investment professionals provide the most informed, precise guidance for their clients. Hundreds of thousands of users have entrusted Addepar to empower smarter investment decisions and better advice over the last decade. With client presence in more than 50 countries, Addepar's platform aggregates portfolio, market and client data for more than $7 trillion in assets. Addepar's open platform integrates with more than 100 software, data and services partners to deliver a complete solution for a wide range of firms and use cases. Addepar embraces a global flexible workforce model with offices in Silicon Valley, New York City, Salt Lake City, Chicago, London, Edinburgh, Pune and Dubai. About Vitruvian Partners Vitruvian Partners is a global growth-focused investor with offices across London, Stockholm, Munich, Madrid, Luxembourg, Mumbai, Singapore, Shanghai, Miami, and San Francisco. Vitruvian focuses on dynamic situations characterized by rapid growth and change across asset-light industries. Vitruvian has over $20 billion of active funds which have backed many global winners and leaders in their sectors, including Wise, Marqeta, CFC, Global-e, Darktrace, Just Eat, and Skyscanner. Further information can be found at About WestCap WestCap is a strategic operating and investing firm that partners with visionary leaders to build generational businesses. Our team is comprised of seasoned industry leaders and entrepreneurs who guide companies through the most pivotal stages of growth. Some of our notable investments include Airbnb, StubHub, Ipreo, Addepar, Hopper, iCapital, SIMON, and GoodLeap. The firm has offices in New York, San Francisco and London. For more information, please visit
