Revolut has announced the signing of an agreement for its users to invest in private market funds, through a collaboration with managers Apollo, Ares, Hamilton Lane, and Partners Group, as detailed by the entity in a note.
Through this alliance, the neobank's clients will be able to access vehicles focused on venture capital, private debt, and infrastructure, structured as funds covered by the European Eltif 2.0 regulation.
These investment products are presented in 'evergreen' format, that is, open-ended funds that do not have a fixed liquidation date. Although they incorporate certain liquidity windows, Revolut has warned that "refunds are not guaranteed" at the exact moment the participant wants to recover their money.
"They may be subject to limits (gates) or suspensions according to the conditions of each fund, and the underlying investments maintain their illiquid nature. Consequently, these funds are specifically designed for investors with a time horizon of several years who do not need immediate access to their capital," the firm has emphasized.
In this same vein, the Director of Investments and Trading for Europe at Revolut, Rolandas Juteika, has highlighted that "these funds are expressly designed for 'patient capital', something that fits with the true nature of private assets. We are convinced that this initiative will serve to equalize, once and for all, the conditions between individual investors and institutional strategies."