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June 19, 2024
PI Global Investments
Alternative Investments

Proteus-1834 Alliance: Boosting Alternative Investment Options

Proteus and 1834 Forge Strategic Alliance to Amplify Alternative Investment Options

In a move that marks a significant shift in the alternative investment landscape, Proteus, a renowned alternative investment platform, has entered into a strategic alliance with 1834, a division of Old National Bank. The partnership aims to amplify the spectrum of alternative investment options available to high-net-worth clients and institutions.

An Innovative Collaboration

The collaboration between these two financial powerhouses has led to the inception of a bespoke platform that seamlessly integrates with 1834’s robust infrastructure. This integration will broaden their investment portfolio to encompass private equity, private credit, real estate, hedge funds, and real assets, thereby catering to the specific needs of affluent clients with a more diverse selection of premium investment opportunities.

Voices from the Helm

Jason Brown, the CEO of Proteus, expressed his optimism about the partnership’s potential to address the distinctive investment objectives of high-net-worth individuals. Brown’s enthusiasm is rooted in the unique opportunity this alliance presents in enabling clients to have access to a wider pool of alternative investment options.

On the other side of the partnership, Jim Steiner, the Chief Investment Officer at 1834, highlighted Proteus’ innovative feeder structure and flexibility as the primary reasons for choosing to collaborate with them. Steiner recognises the potential contributions of this structure in enhancing the scalability of 1834’s alternative investment offerings, along with the unique ability to implement alternative model portfolios.

Implications for the Future

This strategic partnership between Proteus and 1834 is anticipated to reshape the landscape of alternative investment offerings for high-net-worth clients, setting a new standard for the industry. This alliance is an illustration of the evolving dynamics of the financial industry, where innovative partnerships are driving the shift towards a more diversified and sophisticated investment environment. The details of this partnership were made available through a press release statement.

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