Partnership offers opportunity for investors to access private equity via Princeton Everest Fund
MINNEAPOLIS, MN, UNITED STATES, December 19, 2022 /EINPresswire.com/ — Mount Yale Capital Group, LLC, an independent asset management firm, announced today a partnership with iCapital , the leading global fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries.
Mount Yale will leverage iCapitalâ€™s customized technology, service and distribution solution for advisors and their high-net-worth clients seeking access to the Princeton Everest Fund.
Demand for access to private equity investments has accelerated over the past few years as investors are seeking diversification and return opportunities beyond traditional equity and fixed income. By identifying, screening, and curating a dynamic mix of distinctive private equity and credit portfolios, the Princeton Everest Fund provides innovative access built to deliver long-term value.
â€œDirect access to industry leaders in private equity and credit is generally inaccessible to individual investors,â€� said John Sabre, Mount Yaleâ€™s CEO. â€œWe provide investors with private equity and credit exposure to some of the largest and most tenured managers at low investment minimums, and we are excited to reach more investors by offering our strategies leveraging iCapitalâ€™s digital solution.â€�
â€œThe iCapital team strives to make the alternative investing process as simple for advisors as other investment transactions, and this relationship with Mount Yale exemplifies that goal,â€� said Lawrence Calcano, Chairman and CEO of iCapital. â€œWe are thrilled to partner with Mount Yale to support our shared ambition to make access to alternatives a reality for advisors.â€�
About Mount Yale Capital Group
Mount Yale Capital Group, LLC is an independent asset management firm providing institutional-quality investment strategies to advisors, individuals, families, and institutions. Mount Yaleâ€™s two affiliated investment advisers, Mount Yale Investment Advisors, LLC and Princeton Fund Advisors, LLC, advise on over $3 billion of assets (as of 12/31/2021).
For more information, visit thepefund.com
All investments involve risk, including possible loss of principal.
Investors should carefully consider the investment objective, risks, charges and expenses of the Princeton Everest Fund. This and other information is contained in the prospectus and should be read carefully before investing. For a prospectus, please call the Princeton Everest Fund at 1-888-868-9501. The Fund is distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. Northern Lights Distributors, LLC and Princeton Fund Advisors, LLC are not affiliated.
Closed-Funds involve risk including the possible loss of principal. Many of the Underlying Funds may have limited operating histories and the information the Fund will obtain about such investments may be limited. As such, the ability of the Advisor to evaluate past performance or to validate the investment strategies of such Underlying funds will be limited. The Advisor has completed is creation to select the Investment Funds as opportunities arise. The transfer ability of Shares is subject to certain restrictions. The Fund is a non-diversified, closed-end management investment company designed primarily for long-term investors and is not intended to be a trading vehicle. An Investor should not invest in the Fund if the investor needs a liquid investment. The Fund may, from time to time, offer to repurchase Shares pursuant to written tenders by Investors. Repurchases will be made at such times, in such amounts and on such terms as may be determined by the Board, in its sole discretion.
Copyright Â© 2022. Mount Yale Capital Group, LLC. All rights reserved.
This material is provided for informational purposes only and is not intended as, and may not be relied on in any manner as legal, tax or investment advice, a recommendation, or as an offer to sell, a solicitation of an offer to purchase or a recommendation of any interest in any fund or security offered by Institutional Capital Network, Inc. or its affiliates (together â€œiCapitalâ€�). Alternative investments are complex, speculative investment vehicles and are not suitable for all investors. This material does not intend to address the financial objectives, situation or specific needs of any individual investor. The information contained herein is subject to change and is also incomplete. This industry information and its importance is an opinion only and should not be relied upon as the only important information available. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed, and iCapital assumes no liability for the information provided.
This material is confidential, is the property of iCapital and may not be shared without the written permission of iCapital. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission of Capital.
Products offered by iCapital are typically private placements that are sold only to qualified clients of iCapital through transactions that are exempt from registration under the Securities Act of 1933 pursuant to Rule 506(b) of Regulation D promulgated thereunder (â€œPrivate Placementsâ€�). An investment in any product issued pursuant to a Private Placement, such as the funds described, entails a high degree of risk and no assurance can be given that any alternative investment fundâ€™s investment objectives will be achieved or that investors will receive a return of their capital. Further, such investments are not subject to the same levels of regulatory scrutiny as publicly listed investments, and as a result, investors may have access to significantly less information than they can access with respect to publicly listed investments. Prospective investors should also note that investments in the products described involve long lock-ups and do not provide investors with liquidity.
Relationship Between ICapital and Underlying Fund GPs (defined as Underlying Fund GPs of products offered on the iCapital platform where iCapital is acting in an investment advisor capacity). iCapital is not a current client of, or investor in a private fund advised by, the Underlying Manager; however, iCapital sponsors and manages the Access Fund, which is or is expected to be an investor in the Underlying Fund, a private fund managed by the Underlying Manager. Prospective investors in the Access Fund should be aware that, as a result of the relationship between iCapital and Underlying Fund GPs and its affiliates created by the access fund arrangement discussed herein (1) iCapital is financially compensated for the arrangement by payment of certain management fees (which are calculated as described in â€œSUMMARY OF PRINCIPAL TERMS OF THE ACCESS FUND â€“ Management Feeâ€� or corollary section of the Access Fund Offering Memorandum) and, if applicable, certain fees for placement of investors in the Access Fund or the Underlying Fund (which are typically calculated as a percentage of an investorâ€™s aggregate commitment to the relevant fund), and (2) the existence of such compensation may create conflicts of interest whereby, for example, iCapital may be more inclined (a) to establish access funds (including the Access Fund) (i) for investment in underlying funds (including the Underlying Fund) sponsored or managed by the Underlying Fund GPs and its affiliates, than for investment in investment funds sponsored or managed by other fund managers, and (ii) upon terms and conditions more favorable to the Underlying Fund GPs and its affiliates than iCapital would otherwise agree to in the absence of such compensation; (b) to make positive statements about the Underlying Fund GPs and its affiliates in order to encourage investors to make a larger commitment to the Access Fund, thereby increasing the fees paid to iCapital, or (c) to vote or exercise consent rights in respect of interests in underlying funds (including the Underlying Fund) held by access funds (including the Access Fund) in a manner more favorable to the Underlying Fund GPs and its affiliates than iCapital would otherwise vote or exercise in the absence of such compensation.
Securities and services may be offered through iCapital Securities, LLC, Axio Financial LLC, and/or SIMON Markets LLC, each of which is a registered broker/dealer, member FINRA and SIPC, and subsidiary of Institutional Capital Network, Inc. (â€œiCapitalâ€�). iCapital Advisors, LLC, a subsidiary of iCapital, is an investment adviser registered with the U.S. Securities and Exchange Commission (â€œSECâ€�). These registrations and memberships in no way imply that the SEC, FINRA or SIPC have endorsed the entities, products or services discussed herein. iCapital and iCapital Network are registered trademarks of Institutional Capital Network, Inc. Additional information is available upon request.
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