Meketa Capital Launches Infrastructure Fund with National Financial Services and Fidelity Brokerage Services
Meketa Capital has announced that its Meketa Infrastructure Fund (Ticker: MIFAX) is now available to registered investment advisors (RIAs) through Fidelity's Institutional Wealth Services and National Financial marketplaces. This expansion makes the fund accessible through the three largest RIA custodians in the country: Fidelity, Schwab, and BNY Pershing.
The evergreen interval fund leverages Meketa Capital's association with Meketa Investment Group, offering investors access to high-quality direct co-investment opportunities in private infrastructure assets. Registered under the Investment Company Act of 1940, the fund features daily pricing and quarterly liquidity for up to 5% of the Fund's NAV.
This launch aims to provide RIA clients with convenient access to private market investments, enabling them to construct well-diversified portfolios suitable for various circumstances and needs.
Meketa Capital ha annunciato che il suo Meketa Infrastructure Fund (Ticker: MIFAX) è ora disponibile per i consulenti di investimenti registrati (RIA) tramite i servizi di Wealth Management Istituzionali di Fidelity e i marketplace di National Financial. Questa espansione rende il fondo accessibile attraverso i tre maggiori custodi RIA del paese: Fidelity, Schwab e BNY Pershing.
Il fondo evergreen a intervallo sfrutta l'associazione di Meketa Capital con Meketa Investment Group, offrendo agli investitori l'accesso a opportunità di co-investimento diretto di alta qualità in asset infrastrutturali privati. Registrato ai sensi dell'Investment Company Act del 1940, il fondo presenta prezzi giornalieri e liquidità trimestrale fino al 5% del NAV del fondo.
Questa iniziativa mira a fornire ai clienti RIA un accesso conveniente agli investimenti nei mercati privati, consentendo loro di costruire portafogli ben diversificati, adatti a varie circostanze e necessità.
Meketa Capital ha anunciado que su Meketa Infrastructure Fund (Ticker: MIFAX) ya está disponible para asesores de inversión registrados (RIA) a través de los servicios de Wealth Management Institucional de Fidelity y los marketplaces de National Financial. Esta expansión hace que el fondo sea accesible a través de los tres principales custodios de RIA en el país: Fidelity, Schwab y BNY Pershing.
El fondo evergreen de intervalo se apoya en la asociación de Meketa Capital con Meketa Investment Group, ofreciendo a los inversores acceso a oportunidades de co-inversión directa de alta calidad en activos de infraestructura privada. Registrado bajo la Ley de Compañías de Inversión de 1940, el fondo presenta precios diarios y liquidez trimestral de hasta el 5% del NAV del fondo.
Este lanzamiento tiene como objetivo proporcionar a los clientes RIA un acceso conveniente a las inversiones en mercados privados, permitiéndoles construir carteras bien diversificadas adecuadas para diversas circunstancias y necesidades.
메케타 캐피털은 메케타 인프라 펀드(티커: MIFAX)가 이제 피델리티의 기관 웰스 서비스 및 내셔널 파이낸셜 마켓플레이스를 통해 등록된 투자 고문(RIA)에게 제공된다고 발표했습니다. 이 확장은 이 펀드를 국가에서 가장 큰 RIA 수탁업체인 피델리티, 슈왑, BNY 퍼싱을 통해 접근할 수 있게 합니다.
이 영구 간격 펀드는 메케타 캐피털의 메케타 인베스트먼트 그룹와의 협력 관계를 활용하여 투자자에게 고품질의 직접 공동 투자 기회에 접근할 수 있게 합니다. 1940년 투자회사법에 따라 등록된 이 펀드는 일일 가격 책정 및 분기별 유동성을 제공하며, 펀드의 NAV의 최대 5%까지 가능합니다.
이번 론칭은 RIA 고객에게 사적 시장 투자에 대한 편리한 접근을 제공하여 다양한 상황과 필요에 맞게 잘 분산된 포트폴리오를 구축할 수 있게 하는 것을 목표로 합니다.
Meketa Capital a annoncé que son Meketa Infrastructure Fund (Ticker: MIFAX) est désormais accessible aux conseillers en investissement enregistrés (RIA) via les services de Wealth Management institutionnel de Fidelity et les places de marché de National Financial. Cette expansion rend le fonds accessible par le biais des trois plus grands gardiens de RIA du pays : Fidelity, Schwab et BNY Pershing.
Le fonds evergreen à intervalles tire parti de l'association de Meketa Capital avec Meketa Investment Group, offrant aux investisseurs un accès à de hautes opportunités de co-investissement direct dans des actifs d'infrastructure privés. Enregistré sous la loi sur les sociétés d'investissement de 1940, le fonds propose une tarification quotidienne et une liquidité trimestrielle allant jusqu'à 5% de la valeur nette d'inventaire (NAV) du fonds.
Ce lancement vise à offrir aux clients RIA un accès pratique aux investissements sur les marchés privés, leur permettant de constituer des portefeuilles bien diversifiés adaptés à diverses circonstances et besoins.
Meketa Capital hat angekündigt, dass ihr Meketa Infrastructure Fund (Ticker: MIFAX) nun über Fidelitys institutionelle Vermögensverwaltungs- und National Financial-Marktplätze für registrierte Anlageberater (RIAs) verfügbar ist. Diese Erweiterung macht den Fonds über die drei größten RIA-Verwahrstellen des Landes zugänglich: Fidelity, Schwab und BNY Pershing.
Der Evergreen-Intervallfonds nutzt die Verbindung von Meketa Capital mit Meketa Investment Group und bietet Investoren Zugang zu hochwertigen direkten Co-Investitionsmöglichkeiten in private Infrastruktur-Anlagen. Registriert nach dem Investment Company Act von 1940, bietet der Fonds tägliche Preisbildung und vierteljährliche Liquidität für bis zu 5% des NAV des Fonds.
Dieser Launch zielt darauf ab, RIA-Kunden einen bequemen Zugang zu privaten Marktinvestitionen zu ermöglichen, damit sie gut diversifizierte Portfolios für verschiedene Umstände und Bedürfnisse aufbauen können.
- Expansion of fund availability through Fidelity's platforms, increasing market reach
- Access to the fund through the three largest RIA custodians in the country
- Partnership with Meketa Investment Group, leveraging 40+ years of expertise
- Daily pricing and quarterly liquidity options for investors
- None.
Insights
The launch of Meketa Capital's Infrastructure Fund (MIFAX) on Fidelity's platforms is a significant development in the wealth management space. This move expands access to private market investments for retail investors, potentially disrupting traditional asset allocation models. The fund's structure as an evergreen interval fund with daily pricing and quarterly liquidity offers a unique blend of private market exposure and relative accessibility.
Key points to consider:
- Broader distribution through major RIA custodians (Fidelity, Schwab, BNY Pershing) could lead to increased assets under management and revenue for Meketa Capital.
- The association with Meketa Investment Group lends credibility and expertise in private markets, which may attract more conservative investors.
- The
5% quarterly liquidity provision balances investor flexibility with the fund's ability to manage long-term infrastructure investments.
While this expansion is promising, investors should be aware of potential risks such as illiquidity compared to traditional mutual funds and the complexity of valuing private infrastructure assets. The success of this fund could pave the way for more private market products in retail portfolios, potentially shifting the competitive landscape for asset managers.
The introduction of MIFAX to Fidelity's platforms represents a growing trend of democratizing alternative investments. This move aligns with the increasing demand from retail investors for private market exposure, traditionally reserved for institutional investors. Key market implications include:
- Potential market share growth for Meketa Capital in the retail investment space
- Increased competition for traditional infrastructure investment vehicles like REITs and utilities-focused ETFs
- Possible pressure on public market valuations as more capital flows to private infrastructure
The fund's structure may appeal to investors seeking inflation protection and stable cash flows, characteristics often associated with infrastructure investments. However, the success of this offering will depend on its performance relative to more liquid alternatives and the education of financial advisors on its benefits and risks. The market will be watching closely to see if this model of offering private investments through major retail platforms gains traction, potentially signaling a shift in how individual investors access alternative asset classes.
The Fidelity launch expands Meketa Capital’s footprint in the Wealth Management market.
With this move, the Meketa Infrastructure Fund is now available to RIA clients through the country’s three largest RIA custodians: Fidelity, Schwab, and BNY Pershing.
“We are pleased to provide RIA clients convenient and direct access to private market investments through the Fidelity platform,” said Michael Bell, CEO of Meketa Capital. “We believe this offers investors greater opportunities to construct well-diversified portfolios suitable to a wide variety of circumstances and needs.”
This evergreen interval fund benefits from Meketa Capital’s association with Meketa Investment Group, which brings over forty years of expertise in private market investments and fiduciary management. This partnership ensures that investors have access to high-quality direct co-investment opportunities in private infrastructure assets. Registered under the Investment Company Act of 1940, the Fund also features daily pricing and allows liquidity for up to
Stephen McCourt, Co-CEO of Meketa Investment Group, added, “Having the Meketa Infrastructure Fund on the Fidelity marketplaces will help empower RIAs to offer enhanced solutions to their clients, while also working toward Meketa Capital’s goal of providing individual investors with direct private infrastructure investments.”
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 Meketa Infrastructure Fund is considered speculative and involves a high degree of risk. The program is not suitable for all investors. The shares are considered somewhat illiquid meaning you may not be able to transfer or redeem shares on demand or in the quantity desired. An investor may lose all or a substantial part of their investment. There can be no assurance that the investment objectives of the Fund will be achieved.
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 closed-end” 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- 609253 -2024-09-19
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/20241003846017/en/
Paul Lim
BackBay Communications
paul.lim@backbaycommunications.com
Source: Meketa Capital
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