Meketa Capital Launches Infrastructure Fund on Pershing and Axos Advisor Platforms
Meketa Capital has announced the availability of its Meketa Infrastructure Fund (Ticker: MIFAX) on the BNY Pershing and Axos Advisor Services platforms, making it accessible to registered investment advisors (RIAs). The fund is designed to provide individual investors access to global private infrastructure investments, traditionally reserved for institutional investors.
Key features of MIFAX include:
- Registered under the Investment Company Act of 1940
- Evergreen interval fund with daily pricing
- Quarterly liquidity up to 5% of NAV
- Aims for diversification and long-term capital appreciation
- Leverages co-investment opportunities sourced by Meketa Investment Group
This launch aligns with Meketa Capital's goal of expanding investor access to private market investments while empowering RIAs to offer enhanced solutions to their clients.
Meketa Capital ha annunciato la disponibilità del suo Meketa Infrastructure Fund (Ticker: MIFAX) sulle piattaforme BNY Pershing e Axos Advisor Services, rendendolo accessibile ai consulenti di investimento registrati (RIA). Il fondo è progettato per fornire accesso a investimenti privati globali in infrastrutture agli investitori individuali, tradizionalmente riservato agli investitori istituzionali.
Le caratteristiche principali di MIFAX includono:
- Registrato ai sensi dell'Investment Company Act del 1940
- Fondo evergreen con prezzi giornalieri
- Liquidità trimestrale fino al 5% del NAV
- Punta a diversificazione e apprezzamento del capitale a lungo termine
- Sfrutta le opportunità di coinvestimento offerte da Meketa Investment Group
Questo lancio è in linea con l'obiettivo di Meketa Capital di espandere l'accesso degli investitori agli investimenti nel mercato privato, mentre consente ai RIA di offrire soluzioni migliorate ai loro clienti.
Meketa Capital ha anunciado la disponibilidad de su Meketa Infrastructure Fund (Ticker: MIFAX) en las plataformas BNY Pershing y Axos Advisor Services, facilitando su acceso a los asesores de inversión registrados (RIA). El fondo está diseñado para proporcionar acceso a inversiones globales en infraestructura privada a los inversores individuales, tradicionalmente reservado para inversores institucionales.
Las características clave de MIFAX incluyen:
- Registrado bajo la Ley de Compañías de Inversión de 1940
- Fondo evergreen con precios diarios
- Liquidez trimestral de hasta el 5% del NAV
- Busca diversidad y apreciación del capital a largo plazo
- Aprovecha las oportunidades de coinversión proporcionadas por Meketa Investment Group
Este lanzamiento está alineado con el objetivo de Meketa Capital de expandir el acceso de los inversores a inversiones en mercados privados, al mismo tiempo que empodera a los RIA para ofrecer soluciones mejoradas a sus clientes.
Meketa Capital은 Meketa Infrastructure Fund (티커: MIFAX)를 BNY Pershing와 Axos Advisor Services 플랫폼에서 이용 가능하다고 발표하였습니다. 이를 통해 등록된 투자 자문사(RIA)가 접근할 수 있게 되었습니다. 이 펀드는 개별 투자자에게 전세계 사모 인프라 투자에 대한 접근을 제공하도록 설계되었으며, 이는 전통적으로 기관 투자자에게만 제공됩니다.
MIFAX의 주요 특징은 다음과 같습니다:
- 1940년 투자회사법에 등록됨
- 일일 가격 책정을 갖춘 지속형 간헐적 펀드
- NAV의 최대 5%에 해당하는 분기별 유동성
- 다양화 및 장기 자본 증식을 목표로 함
- Meketa Investment Group이 제공하는 공동 투자 기회를 활용함
이번 출시는 Meketa Capital이 사모 시장에 대한 투자자 접근성을 확대하고 RIA가 고객에게 향상된 솔루션을 제공할 수 있도록 지원하는 목표와 일치합니다.
Meketa Capital a annoncé la disponibilité de son Meketa Infrastructure Fund (Ticker: MIFAX) sur les plateformes BNY Pershing et Axos Advisor Services, le rendant accessible aux conseillers en investissement enregistrés (RIA). Le fonds est conçu pour offrir aux investisseurs individuels un accès à des investissements privés mondiaux en infrastructure, traditionnellement réservés aux investisseurs institutionnels.
Les caractéristiques clés de MIFAX comprennent :
- Enregistré en vertu de la loi de 1940 sur les sociétés d'investissement
- Fonds evergreen avec tarification quotidienne
- Liquidité trimestrielle pouvant atteindre 5 % de la NAV
- Vise la diversification et l'appréciation du capital à long terme
- Exploite les opportunités de co-investissement provenant de Meketa Investment Group
Ce lancement s'inscrit dans l'objectif de Meketa Capital d'élargir l'accès des investisseurs aux investissements du marché privé tout en permettant aux RIA d'offrir des solutions améliorées à leurs clients.
Meketa Capital hat die Verfügbarkeit seines Meketa Infrastructure Fund (Ticker: MIFAX) auf den Plattformen BNY Pershing und Axos Advisor Services bekannt gegeben, wodurch es für registrierte Anlageberater (RIA) zugänglich wird. Der Fonds wurde entwickelt, um Einzelinvestoren Zugang zu globalen privaten Infrastrukturinvestitionen zu bieten, die traditionell institutionellen Investoren vorbehalten sind.
Die wichtigsten Merkmale von MIFAX umfassen:
- Registriert gemäß dem Investment Company Act von 1940
- Evergreen-Intervallfonds mit täglicher Preisstellung
- Vierteljährliche Liquidität von bis zu 5 % des NAV
- Ziel ist Diversifizierung und langfristige Kapitalsteigerung
- Nutzt Co-Investitionsmöglichkeiten, die von der Meketa Investment Group bereitgestellt werden
Dieser Start steht im Einklang mit dem Ziel von Meketa Capital, den Zugang der Investoren zu privaten Marktinvestitionen zu erweitern und gleichzeitig RIA zu ermächtigen, ihren Kunden verbesserte Lösungen anzubieten.
- Expansion of MIFAX distribution through BNY Pershing and Axos Advisor Services platforms
- Increased accessibility of private infrastructure investments for individual investors
- Daily pricing and quarterly liquidity options for the fund
- Leveraging Meketa Investment Group's expertise in sourcing co-investment opportunities
- None.
Insights
The launch of Meketa Capital's Infrastructure Fund on major RIA platforms marks a significant development in democratizing private market investments. This move potentially expands Meketa's assets under management and revenue streams. However, the impact on Meketa's financials remains uncertain without specific projections or initial fund size details.
The fund's structure as an evergreen interval fund with daily pricing and quarterly liquidity is noteworthy, balancing investor accessibility with the illiquid nature of infrastructure investments. This could attract a broader investor base, but also presents challenges in managing cash flows and valuations. The
This launch taps into two significant market trends: the growing demand for alternative investments among retail investors and the rising importance of infrastructure in investment portfolios. By leveraging Meketa Investment Group's institutional expertise, the fund offers a unique value proposition in a competitive market.
The distribution through BNY Pershing and Axos Advisor Services is strategic, potentially reaching a vast network of RIAs and their clients. This could lead to rapid asset growth if the fund resonates with advisors. However, success will depend on factors such as performance, fees and marketing efforts. The fund's reception could also indicate broader market appetite for similar products, potentially influencing industry trends in retail alternative investments.
“Our aim is to expand investor access to private market investments,” said Michael Bell, CEO of Meketa Capital. “Providing distribution for the Meketa Infrastructure Fund through these custodial platforms, which are trusted by independent RIAs, helps support that goal.”
The Meketa Infrastructure Fund, registered under the Investment Company Act of 1940, is an evergreen interval fund that is priced daily and offers liquidity for up to
The fund takes advantage of direct co-investment opportunities in private infrastructure assets sourced by Meketa Capital’s parent company, Meketa Investment Group, a leading private market investment consulting and fiduciary management firm that has served institutional investors for more than four decades.
“We developed the fund to give individual investors access to direct private infrastructure investments while empowering RIAs to provide the best solutions for their clients,” said Stephen McCourt, Co-CEO of Meketa Investment Group. “Being available on these two vital platforms will help us do that.”
For more information on Meketa Capital and the Meketa Infrastructure Fund, please call 720-697-1010 or email info@meketacapital.com.
About Meketa Capital
Meketa Capital is a subsidiary of Meketa Investment Group focused on investment solutions for the advisor marketplace. Meketa Capital will market and distribute investment services and products to RIAs and other advisors in the individual investor marketplace. These potential products and services include: managing and distributing interval funds, providing asset allocation for model portfolios, managing customized private market fund vehicles, and providing some general consulting services to advisors.
Past performance is not a guarantee nor a reliable indicator of future results. As with any investment, there are risks. There is no assurance that the fund will achieve its investment objective.
The views and opinions expressed herein are those of senior management and may change at any time with prior notification. This announcement contains information from sources we believe are a reliable source. However, we are not responsible for the accuracy of such information. The information contained in this announcement is not an offer or a solicitation of an offer to purchase or sell any securities mentioned herein.
Investors should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This information is included in the Fund Prospectus and should be read carefully before investing. The Prospectus is available through the Prospectus link on the Meketa website. Before investing, carefully read the Prospectus here.
An investment in the Fund is subject to, among others, the following risks:
- The Fund is not intended as a complete investment program but rather the Fund is designed to help investors diversify into private equity investments.
- The Fund is a “non-diversified” management investment company registered under the Investment Company Act of 1940.
- An investment in the Fund involves risk. The Fund is new with no significant operating history by which to evaluate its potential performance. There can be no assurance that the Fund’s strategy will be successful.
- Shares of the Fund are not listed on any securities exchange, and it is not anticipated that a secondary market for shares will develop.
- Shares are appropriate only for those investors who can tolerate a high degree of risk, and do not require a liquid investment.
- There is no assurance that you will be able to tender your shares when or in the amount that you desire. Although the Fund will offer quarterly liquidity through a quarterly repurchase process, an investor may not be able to sell or otherwise liquidate all their shares tendered during a quarterly repurchase offer.
- The Fund’s investment in private equity companies is speculative and involve a high degree of risk, including the risk associated with leverage.
App Lit No: MCL-594723-2024-08-19
Distributor: Foreside Financial Services LLC. Member FINRA. Foreside is not affiliated with the entities or product mentioned in this communication.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240819737181/en/
Paul Lim
BackBay Communications
paul.lim@backbaycommunications.com
Source: Meketa Capital
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