Canada’s physicians and their families gain access to alternative investment strategies to enhance and diversify their existing investment portfolios with the launch of MD Platinum, Ottawa-based MD Financial Management Inc. announced Thursday.
The new product provides access to alternative investment strategies that are typically reserved for institutional investors and have barriers to entry such as high minimum-purchase requirements, MD says in a news release.
The initial offering, MD Platinum Global Private Equity Pool, offers private equity investments with a low minimum investment to MD Private Investment Counsel clients with the appropriate investment objectives, time horizons and risk tolerance. The pool is only available for investment until April 30.
“Private equity is a unique opportunity for our clients to potentially access attractive long-term growth, additional portfolio construction opportunities and increased portfolio diversification,” says Brian Peters, president and CEO at MD.
MD has partnered with New York City-based private equity manager BlackRock Inc., which brings deep knowledge and extensive, institutional-level private equity experience.
“Alternatives are now a crucial asset class for institutional investors in Canada and around the globe. It is encouraging to see that individual investors now have access to institutional-quality private equity exposure through the MD Platinum platform,” says Mark Wiseman, global head of active equities and chairman of BlackRock Alternative Investors.
Along with moving into the private equity space, MD also announced it has joined the Institutional Limited Partners Association (ILPA), to safeguard its clients’ best interests with respect to their private equity investments. Limited partners (LPs) serve as trusted stewards who direct capital into private equity investments on behalf of their beneficiaries. As such, MD is pleased to be a member of the ILPA, the only global organization dedicated to advancing the interests of LPs and their beneficiaries.