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Fidelity acquired a minority stake in Moonfare, a German platform for investing in private equity funds.

Why it matters: This reflects amplified institutional and high-net-worth access to alternative investment opportunities, beyond the "unicorn" exposure Fidelity already provides via some of its mutual funds.

The bottom line: "Moonfare offers access to a range of private equity funds with a minimum investment of €100,000, and collaborates with some of the biggest private equity firms including KKR, Carlyle, EQT and Warburg Pincus."

"As a result of the partnership with Fidelity, the first institutional investor to acquire a stake in Moonfare, clients will be able to access private market funds on the platform with a minimum €50,000 investment," said David Ricketts, Financial News. 

Fidelity buys stake in German investing platform Moonfare

It reflects amplified institutional access to alternative investment opportunities.

Illustration of a hand placing a quarter into the moon

Private equity

Fidelity acquired a minority stake in Moonfare, a German platform for investing in private equity funds.Why it matters: This reflects amplified institutional and high-net-worth access to alternative investment opportunities, beyond the &quot;unicorn&quot; exposure Fidelity already provides via some of its mutual funds.

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

Fidelity buys stake in German investing platform Moonfare

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