Raft of former senior Citi and Muzinich execs set up private markets toolkit 

A raft of senior executives from the private banking and asset management world have launched a new company called Private Markets Alpha  which offers what they claim is a highly innovative online toolkit aimed at the wealth management industry. 

PM Alpha said in a statement that it is developing its toolkit to disrupt and democratise access to private markets for clients of wealth managers and other non-institutional investors, including asset classes such as alternative credit, venture & growth capital, private equity, and real assets, as well as access to co-investments.

Historically, access to private markets has been limited by high entry costs, or say, solutions put forward by GPs better suited to larger institutional investors, but which are less suitable to wealth management clients, especially in the tier two or three part of the sector.

PM Alpha's founding team comprises Tom Douie, whose experience has ranged from Morgan Stanley and Neuberger Berman to more recently serving as global head of distribution at Muzinich & Co. who is joined by former Citi Private Bank EMEA Head of Private Equity Investments Alexis Weber, former Citi Private Bank EMEA Alternative Investments Sales Lead Melyan Guerrero and former Citi Private Bank EMEA Operational Due Diligence Lead Chloe Mercer. 

Together, they have served some of the world's leading institutional investors, asset & wealth managers and family offices for over 20 years. 

Now, they have combined skillsets across investments, IT, sales, corporate management, and relations with LPs and GPs, to develop a new route to private markets that can function as a one-stop-shop for wealth managers who need a curated and more bespoke turnkey solution.

Working with partners in areas such as onboarding new clients digitally means PM Alpha can bring private markets access even to lower tier wealth managers and their clients globally, and so following a first round of seed funding, including external investors and money put in by the co-founders, they are now ready to launch the company and the platform.