BNY Is Latest to Expand Access to Hedge Funds, Private Credit
The BNY headquarters in New York,
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
Bank of New York Mellon Corp. wants wealthy investors to have easier access to private assets from the likes of Apollo Global Management Inc., Blue Owl Capital and Goldman Sachs Group Inc.
It’s launching a program for wealth advisers and investors to link up with more than 20 external asset managers for private equity, credit, infrastructure and other alternative funds, BNY said Monday in a statement. They include Franklin Templeton, Carlyle Group Inc., KKR & Co. and Marathon Asset Management.