“When we set up a Private Access Fund, we do all the legal work in establishing the fund. We’ve retained KPMG and McGladrey for the accounting and we also do all the back-office with our Gen II partners,” said Calcano.

For financial advisors, the result is a streamlined, systematic process that opens the entire private equity asset class to their clients, according to Calcano.

“We’re giving them a free tool to see everything in the private equity market and the tools to review track records, benchmark track records, and dig into the underlying data and documents on a fund,” he said. “And where we’re offering Private Access Funds, we give them the opportunity to invest in low minimum ways and then we’ll do all the back end. It’s a complete solution that will help them build their private equity portfolios on behalf of their clients.”

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