Standard Chartered launches sports investment fund for affluent clients

Standard Chartered has introduced an alternate money focused connected sports, specifically designed for ultra-high-net-worth (UHNW) and high-net-worth (HNW) clients wrong its Global Private Bank.

The money volition beryllium managed by a “leading” planetary alternate concern manager, stated the British lender.

It volition absorption connected opportunities wrong the sports, media, and amusement sectors, capitalising connected the rising involvement successful sports investments.

The sports concern assemblage has gained traction arsenic large leagues and teams progressively looking for alternate superior financing options.

This inclination has been further accelerated by caller large sports-related transactions involving starring household offices, positioning sports investing arsenic a viable alternate plus people for UHNW individuals aiming to heighten and diversify their concern portfolios.

Over the past decade, the media manufacture has experienced an summation successful media declaration values, with maturation rates of 16% to 17%.

Major sports leagues globally person secured “record-breaking” broadcasting deals, contributing to a revenue-generating exemplary that has attracted the attraction of backstage investors, highlighted the bank.

Standard Chartered stated that it is among the archetypal banks to present specified a money crossed its operational footprint.

Standard Chartered Advisory and Managed Investments, Wealth Solutions planetary caput Sumeet Bhambri said: “Our unfastened architecture wealthiness level allows america to curate and onboard unsocial opportunities to conscionable our clients’ needs.

“As clients progressively look to incorporated alternatives into their portfolios to execute greater diverseness and semipermanent growth, the caller money offers a professionally managed solution for our clients to entree high-quality backstage marketplace opportunities with organization people risk-management and oversight

Earlier this year, Standard Chartered launched a European backstage recognition strategy money successful effect to beardown request for European backstage credit.

Last month, it launched the Private Markets Co-Investment Club, successful collaboration with Ardian, to connection affluent clients nonstop entree to backstage marketplace co-investment opportunities.

The aforesaid month, Standard Chartered besides launched SC GPT, a generative AI level designed to boost productivity and personalise lawsuit experiences.

"Standard Chartered launches sports concern money for affluent clients" was primitively created and published by Private Banker International, a GlobalData owned brand.

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