(HOUSTON) – Hines, the global real estate investment, development, and property manager, today announced the entry of Hines-sponsored investment offerings into the Canada wealth management market. Through the partnership between its broker-dealer affiliate, Hines Securities, Inc., and iCapital1, a global fintech platform driving access to alternative investment products in the wealth management industry, Canadian investors now have access to an investment program featuring a diversified global portfolio of real estate assets, all outside of Canada, with a total value of US$3.83B as of March 31, 2023. This portfolio is nearly two-thirds weighted toward industrial and living sectors and has properties in eight countries, including the United States and across Europe. The investment program is backed by Hines, a leading global real estate investment manager with 4,700 employees operating in markets around the world.
Hines has deep and sustainable roots in Canada, with 120 employees across multiple cities and a 15-year track record of successful investing in Canada. Until now, however, Canadian investors have not had access to an investment product from Hines Securities. Hines Securities is the dealer manager for a variety of investment opportunities, including public, non-listed REITs; private placements; and a tax-deferred exchange platform. The expansion into Canada is being led by John Morrison, former president and CEO of Choice Properties REIT, and John Reilly, former managing director with RBC Wealth Management.
“This launch helps solve for the significant interest we’ve seen among Canadian investors for a global investment program focused on income-generating real estate assets,” noted Alfonso Munk, chief investment officer of the Americas for Hines. “With access to a portfolio of quality real estate across sectors and geography, this presents a compelling diversification opportunity for financial professionals to consider for their Canadian clients.”
“We are honored to deepen our existing partnership with Hines, a recognized leader in global real estate investing,” said Marco Bizzozero, head of international at iCapital. “Wealth creation is increasingly taking place outside the public markets. We are delighted to support Hines in their ambition to offer banks and wealth managers in Canada with facilitated access to the growth and diversification opportunities the private markets can offer in portfolios of private clients.”
Those interested in learning more about the iCapital fund should contact their investment adviser.
1Institutional Capital Network, Inc., and its affiliates (together, “iCapital”)
Hines is a global real estate investment, development and property manager. The firm was founded by Gerald D. Hines in 1957 and now operates in 30 countries. We manage nearly US$96B2 in high-performing assets across residential, logistics, retail, office, and mixed-use strategies. Our local teams serve 457 properties totaling nearly 213 million square feet globally. We are committed to a net zero carbon target by 2040 without buying offsets. To learn more about Hines, visit www.hines.com and follow @Hines on social media.
2Includes both the global Hines organization and RIA AUM as of December 31, 2022.
The Hines-sponsored investment programs are only available to investors who meet certain qualifications. This material is for informational purposes only and does not describe any specific investment. An offer can only be made by a prospectus or offering memorandum.
Founded in 2013, iCapital is the leading global fintech company powering the world’s alternative investment marketplace. iCapital has transformed how the wealth management, banking, and asset management industries facilitate access to private markets investments for their high-net-worth clients by providing intuitive, end-to-end technology and service solutions; education tools and resources; and robust diligence, compliance, and portfolio analytics capabilities. iCapital’s solutions enable organizations to streamline and scale their operational infrastructure for alternative investments and to provide access to direct investments and feeder funds at lower minimums through simplified digital workflows.
iCapital-managed platforms offer wealth advisors and their high-net-worth client’s access to an extensive menu of private investments, including equity, credit, real estate, infrastructure, hedge funds, structured investments, annuities, and risk-managed solutions. iCapital has been recognized on the Forbes Fintech 50 list each year from 2018 to 2022, the Forbes America’s Best Startup Employers in 2021, 2022 and 2023, and MMI/Barron’s Industry Awards as Solutions Provider of the Year in 2020, 2021 and 2022.
As of February 28, 2023, iCapital services over US$153 billion in global client assets, of which US$30 billion are from international investors (non-US Domestic) across more than 1,230 funds. Employing more than 1,090 people globally, iCapital is headquartered in NYC and has offices worldwide, including in Zurich, London, Lisbon, Hong Kong, Singapore, and Toronto.
For more information, visit icapital.com | LinkedIn: https://www.linkedin.com/compa... | Twitter: @icapitalnetwork
This material is provided for informational purposes only and is not intended as, and may not be relied on in any manner as legal, tax or investment advice, a recommendation, or as an offer to sell, a solicitation of an offer to purchase or a recommendation of any interest in any fund or security offered by Institutional Capital Network, Inc. or its affiliates (together “iCapital”). Alternative investments are complex, speculative investment vehicles and are not suitable for all investors. This material does not intend to address the financial objectives, situation or specific needs of any individual investor. The information contained herein is subject to change and is also incomplete. This industry information and its importance is an opinion only and should not be relied upon as the only important information available. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed, and iCapital assumes no liability for the information provided.
Products offered by iCapital in the United States are typically private placements that are sold only to qualified clients of iCapital through transactions that are exempt from registration under the Securities Act of 1933 pursuant to Rule 506(b) of Regulation D promulgated thereunder and under exemptions from registration and prospectus qualification in each other jurisdiction where such products may be offered (“Private Placements”). An investment in any product issued pursuant to a Private Placement entails a high degree of risk and no assurance can be given that any alternative investment fund’s investment objectives will be achieved or that investors will receive a return of their capital. Further, such investments are not subject to the same levels of regulatory scrutiny as publicly listed investments, and as a result, investors may have access to significantly less information than they can access with respect to publicly listed investments.
Relationship between iCapital and Underlying Managers (defined as Underlying Managers of products offered on the iCapital platform where iCapital is acting in an investment advisor capacity). iCapital is not a current client of, or investor in a private fund (an “Underlying Fund”) advised by Hines (the “Underlying Manager”); however, iCapital sponsors and manages the access funds (“Access Funds”), which are or are expected to be investors in the Underlying Funds. Prospective investors in any Access Fund should be aware that, as a result of the relationship between iCapital and the Underlying Manager and its affiliates created by the access fund arrangement discussed herein (1) iCapital is financially compensated for the arrangement by payment of certain management fees (which are calculated as described in the offering document prepared and distributed in respect of an Access Fund (an “Offering Memorandum”) and, if applicable, certain fees for placement of investors in the Access Fund or the Underlying Fund (which are typically calculated as a percentage of an investor’s aggregate commitment to the relevant fund), and (2) the existence of such compensation may create conflicts of interest whereby, for example, iCapital may be more inclined (a) to establish access funds (including the Access Fund) (i) for investment in underlying funds (including the Underlying Fund) sponsored or managed by the Underlying Manager and its affiliates, than for investment in investment funds sponsored or managed by other fund managers, and (ii) upon terms and conditions more favorable to the Underlying Manager and its affiliates than iCapital would otherwise agree to in the absence of such compensation; (b) to make positive statements about the Underlying Manager and its affiliates in order to encourage investors to make a larger commitment to the Access Fund, thereby increasing the fees paid to iCapital, or (c) to vote or exercise consent rights in respect of interests in underlying funds (including the Underlying Fund) held by access funds (including the Access Fund) in a manner more favorable to the Underlying Manager and its affiliates than iCapital would otherwise vote or exercise in the absence of such compensation.
Securities and services may be offered through iCapital Securities, LLC, Axio Financial LLC, and/or SIMON Markets LLC, each of which is a registered broker/dealer, member FINRA and SIPC, and subsidiary of Institutional Capital Network, Inc. (“iCapital”). iCapital Advisors, LLC, a subsidiary of iCapital, is an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”). iCapital Network Canada Ltd., a subsidiary of iCapital, is a portfolio manager, investment fund manager and exempt market dealer in certain provinces in Canada. These registrations and memberships in no way imply that the SEC, FINRA or SIPC or any other securities regulatory authority have endorsed the entities, products or services discussed herein. iCapital and iCapital Network are registered trademarks of Institutional Capital Network, Inc. Additional information is available upon request.