Mar 15, 2021 - Economy

Fidelity buys stake in German investing platform Moonfare

Illustration of a hand placing a quarter into the moon

Illustration: Annelise Capossela/Axios

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.
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