First Citizens Wealth Launches Enhanced Private Investments Capabilities
First Citizens Wealth has launched new enhancements to its Private Investments capabilities, allowing qualified clients to invest in growth-oriented opportunities beyond public securities markets. These options provide access to private equity, real assets, and credit and debt for qualified institutions and high net-worth individuals without large capital commitments. The enhanced capabilities offer diversified private market sectors, customizable portfolio consultation, and full-service administrative support. While private investments offer growth potential and diversification, they also come with risks like less liquidity.
Enhancements to Private Investments capabilities provide access to growth-oriented opportunities beyond public securities markets.
Qualified clients can invest in private equity, real assets, and credit and debt without large capital commitments.
The new capabilities offer diversified private market sectors, customizable portfolio consultation, and full-service administrative support.
First Citizens Wealth's specialized sector expertise and professional relationships position them well to manage and consult on private investments.
The enhanced capabilities demonstrate the benefits of combining First Citizens Wealth with the former SVB Private organization.
Private Investments reflect the commitment of First Citizens Wealth to delivering diverse and innovative investment opportunities to clients.
Private investments carry risks such as less liquidity compared to the public markets.
Private investments require longer-term investment horizons, potentially limiting short-term liquidity for clients.
These new private investments options, which are only available to qualified institutions and high net-worth individuals, provide access to select opportunities in private equity, private real assets, and private credit and debt -- without the large capital commitment typically required by similar investment vehicles.
For qualified investors and institutions, these new capabilities offer robust access to various private market sectors and the accompanying portfolio diversification. The capabilities are delivered through comprehensive and customizable portfolio consultation, ensuring a tailored approach for each client. In addition, these capabilities come with the full-service administrative support that sophisticated private investing demands.
As a large and growing organization, First Citizens Wealth is well positioned to manage and consult on private investments due to its specialized sector expertise and strong professional relationships. While private investments can provide diversification and potential for growth, they also carry risks, such as less liquidity, compared to the public markets.
The enhanced Private Investments capability is the latest in an expanding line of services available to clients – demonstrating the benefits of combining First Citizens Wealth with the best of the former SVB Private organization, which First Citizens acquired a year ago.
"These new capabilities further strengthen our Wealth franchise and enhance our ability to provide our clients with diverse and innovative investment opportunities," said First Citizens Wealth Executive Director Michael Wilson.
"Private Investments reflects our commitment to delivering outstanding options and advice to our clients. We surround them with the services and expertise needed to help them reach their financial goals, while striving to ensure they have the investment options they need to succeed," Wilson said.
Brent Ciliano, Chief Investment Officer at First Citizens Wealth, said private investments can be an attractive alternative for qualified clients looking to diversify away from the public markets.
"While private investments require longer-term investment horizons, they also offer the opportunity for enhanced diversification and returns. In fact,
"Our ability to offer qualified individuals and institutions access to invest in those companies reflects our commitment to finding creative solutions that will support our clients' success," he added.
With more than
About First Citizens Bank
First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in
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FAQ
What are the new enhancements launched by First Citizens Wealth?
First Citizens Wealth has launched new enhancements to its Private Investments capabilities, allowing qualified clients to invest in growth-oriented opportunities beyond public securities markets.
What are the risks associated with private investments offered by First Citizens Wealth?
Private investments carry risks such as less liquidity compared to the public markets.
What percentage of U.S. companies with annual revenues exceeding $100 million are backed by investments from the private market?
83% of U.S. companies with annual revenues exceeding $100 million are backed by investments from the private market.
