Strategic Collaboration Between Proteus and 1834
Proteus, a leading platform for alternative investments, is set to join forces with 1834, a specialist division of Old National Bank (NASDAQ: ONB). This strategic alliance is geared towards augmenting the suite of alternative investment options available to affluent clients and institutions. The partnership will birth a tailor-made platform that will function smoothly with the existing framework of 1834, delivering a more robust array of investment chances.
Enhanced Financial Services through 1834
Serving as a boutique-style financial service provider, 1834 caters to the financial necessities of wealthy individuals and entities. In joining hands with Proteus, 1834 strives to present a wider array of investment possibilities to their clientele. These include private equity, private credit, real estate, hedge funds, and real assets.
Reactions to the Strategic Partnership
Jason Brown, Proteus Founder and CEO, conveyed his excitement about the collaboration, underscoring it as being in harmony with the specific goals of affluent clients. Jim Steiner, the Chief Investment Officer at 1834, lauded Proteus for its adaptable and ground-breaking feeder structure, viewing it as a decisive aspect of their selection. The feeder structure aims to enhance the growth potential of 1834's alternative investment platform. Furthermore, the ability to incorporate alternative model portfolios is seen as a rare and coveted feature in the market.