The offering is aimed at UHNW clients, initially eligible to people in Singapore, Hong Kong and the UAE, and eventually, for those in Jersey and the UK.

Yesterday, Standard Chartered Global Private Bank announced that it has launched a private markets “club” for UHNW clients to invest directly and alongside others.

The new programme is the Private Markets Co-Investment Club.

Clients obtain access to institutional grade due diligence; they also keep full discretion over their individual investment decisions. They can also use execution and transaction support, alongside reporting and progress updates at scheduled intervals, the bank said in a statement.
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As part of the CIC launch, Standard Chartered has entered an exclusive partnership with private investment house, Ardian.

“We are disrupting the industry with the co-investment club to offer our clients differentiated access to high-quality direct investment opportunities that are otherwise not readily available,” Raymond Ang, global head of private bank and affluent clients, Standard Chartered, said.

The CIC is available to eligible clients in Singapore, Hong Kong, and the UAE, with plans for expansion to Jersey, UK.

Nicholas Cheng, head of private markets group, private banking, Standard Chartered, said: "Our ultra-high net worth clients are seeking greater control and transparency in their private market investments. Our partnership with Ardian, via the co-investment club, offers a capital-efficient solution for clients to tap into industry-leading expertise for programmatic access to unique private market opportunities.”