Hines Announces Private Wealth Solutions Expansion Into Latin America

Strategic Partnership with iCapital Provides Latin American Investors Access to Diversified Global Real Estate Portfolio

(HOUSTON) – Hines, the global real estate investment manager, today announced the successful close of the first Hines-sponsored investment offering in Latin America. Through the partnership between Hines Private Wealth Solutions (Hines PWS) and iCapital1, the global fintech platform, driving the world’s alternative investment marketplace for the wealth management industry, Latin American investors have gained access to a diversified global portfolio of real estate assets, all outside of Latin America, with a total value of $4.14B as of March 31, 2024. 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 offering was backed by Hines, a leading global real estate investment manager with over 4,900 employees operating in markets around the world and more than $93B in AUM.2

“The overwhelming response reconfirms the ongoing need for financial professionals to provide pertinent alternative investment strategies to their Latin American clients,” stated Paul Ferraro, global head of private wealth at Hines. “Extending the reach of private wealth investment opportunities is at the core of our strategic vision, and by joining forces with iCapital again, we’ve seen just how effective that can be.”

Through the partnership, Hines PWS was able to leverage iCapital’s broad capabilities to help meet strong demand and successfully complete the closing of the first Hines-sponsored Latin American offering. In addition to their collaboration in Latin America, the firms have further expanded the opportunity to access this Hines-backed, global portfolio of high-quality assets with an offering available in Canada. The Hines PWS platform offers a variety of investment opportunities, including public, non-listed REITs, private placements and a tax-deferred exchange platform.

“As demand for diversified investments continues to grow, we remain steadfast in our commitment to bolster access to alternative investing opportunities,” noted Lawrence Calcano, Chairman and Chief Executive Officer at iCapital. “We couldn’t be more excited to further enhance our relationship with Hines as their trusted technology partner.”

Those interested in learning more about the iCapital fund should contact their investment adviser.

About Hines

Hines is a leading global real estate investment manager. We own and operate $93.2 billion2 of assets across property types and on behalf of a diverse group of institutional and private wealth clients. Every day, our 5,000 employees in 30 countries draw on our 65-year history to build the world forward by investing in, developing, and managing some of the world’s best real estate. To learn more, visit www.hines.com and follow @Hines on social media.

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.

About iCapital

iCapital powers the world's alternative investment marketplace offering a complete suite of tools, end-to-end enterprise solutions, data management and distribution capabilities and an innovative operating system. iCapital is the trusted technology partner to independent financial advisors, wealth managers, and asset managers, offering unrivaled access, technology, and education to incorporate alternative assets into the core portfolio strategies for their clients.

At the forefront of the digital transformation in alternative investing, iCapital’s secure platform delivers a complete portfolio of management capabilities for education, transactions, data flows, analytics, and client support throughout the investment lifecycle. With $184.7 billion3 in global platform assets, the iCapital operating system automates and streamlines the complex process of private market investing and seamlessly integrates with clients' existing infrastructure platform and tools.

iCapital employs more than 1450 people globally, and has 12 offices worldwide including New York, Greenwich, Zurich, Lisbon, London, Hong Kong, Singapore, Tokyo, and Toronto. iCapital has consistently been recognized for its outstanding innovation, fintech industry leadership, and performance including Forbes Fintech 50 for 2018, 2019, 2020, 2021, 2022, 2023, and 2024 and MMI/Barron's Industry Awards as Solutions Provider of the Year for 2020, 2021, 2022, and 2023.

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 or solicitation to buy or sell any security, financial product or instrument, or otherwise to participate in any particular trading strategy. This material does not intend to address the financial objectives, situation, or specific needs of any individual investor. You should consult your personal accounting, tax and legal advisors to understand the implications of any investment specific to your personal financial situation.

ALTERNATIVE INVESTMENTS ARE CONSIDERED COMPLEX PRODUCTS AND MAY NOT BE SUITABLE FOR ALL INVESTORS. Prospective investors should be aware that an investment in an alternative investment is speculative and involves a high degree of risk. Alternative Investments often engage in leveraging and other speculative investment practices that may increase the risk of investment loss; can be highly illiquid; may not be required to provide periodic pricing or valuation information to investors; may involve complex tax structures and delays in distributing important tax information; are not subject to the same regulatory requirements as mutual funds; and often charge high fees. There is no guarantee that an alternative investment will implement its investment strategy and/or achieve its objectives, generate profits, or avoid loss. An investment should only be considered by sophisticated investors who can afford to lose all or a substantial amount of their investment.

iCapital Markets LLC operates a platform that makes available financial products to financial professionals. In operating this platform, iCapital Markets LLC generally earns revenue based on the volume of transactions that take place in these products and would benefit by an increase in sales for these products.

The information contained herein is an opinion only, as of the date indicated, and should not be relied upon as the only important information available. Any prediction, projection or forecast on the economy, stock market, bond market or the economic trends of the markets is not necessarily indicative of the future or likely performance. The information contained herein is subject to change, incomplete, and may include information and/or data obtained from third party sources that iCapital believes, but does not guarantee, to be accurate. iCapital considers this third-party data reliable, but does not represent that it is accurate, complete and/or up to date, and it should not be relied on as such. iCapital makes no representation as to the accuracy or completeness of this material and accepts no liability for losses arising from the use of the material presented. No representation or warranty is made by iCapital as to the reasonableness or completeness of such forward-looking statements or to any other financial information contained herein.

Securities products and services are offered by iCapital Markets, an SEC-registered broker-dealer, member FINRA and SIPC, and an affiliate of iCapital, Inc. and Institutional Capital Network, Inc. These registrations and memberships in no way imply that the SEC, FINRA, or SIPC have endorsed any of the entities, products, or services discussed herein. Annuities and insurance services are provided by iCapital Annuities and Insurance Services LLC, an affiliate of iCapital, Inc. “iCapital” and “iCapital Network” are registered trademarks of Institutional Capital Network, Inc. Additional information is available upon request.

1 iCapital, Inc., together with its affiliates “iCapital”

2 Includes both the global Hines organization as well as RIA AUM as of December 31, 2023.

3 As at 31 March 2024.

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