Cohen & Steers Joins SUBSCRIBE Alternative Investment Platform to Expand Private Real Estate Access for Private Wealth Channel
Rhea-AI Summary
Cohen & Steers (NYSE: CNS), a leading real assets investment manager, has joined the SUBSCRIBE alternative investment platform to expand access to its private real estate strategies for the private wealth channel. This partnership will streamline investment and operational processes for clients and increase availability of Cohen & Steers' alternative products, including the Cohen & Steers Income Opportunities REIT (CNSREIT), to financial advisors using SUBSCRIBE.
The collaboration aims to leverage what Cohen & Steers believes is a generational opportunity in the private commercial real estate market. SUBSCRIBE's technology will automate various operational tasks, such as investor onboarding, subscription documents, and transaction workflow management, supporting the full investment lifecycle. This partnership aligns with SUBSCRIBE's vision to digitally transform the alternative investments industry.
Positive
- Expanded access to private real estate strategies for the private wealth channel
- Streamlined investment and operational processes for clients
- Potential to capitalize on a perceived generational opportunity in private commercial real estate
- Automation of operational tasks, improving efficiency
Negative
- None.
News Market Reaction
On the day this news was published, CNS gained 0.74%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
"We believe we're approaching a generational opportunity in the private commercial real estate market that funds with fresh capital will be well-positioned to leverage," said Daniel Noonan, Head of Wealth Management Consulting Group at Cohen & Steers. "Our partnership with SUBSCRIBE will enable Cohen & Steers to continue delivering innovative products and solutions to help financial advisors optimize their clients' portfolios with private real estate through a seamless, end-to-end experience."
Specific alternative solutions across Cohen & Steers private capital offerings will leverage the technology to streamline many of the operational tasks, such as investor onboarding, subscription documents, transaction workflow management, system integrations and investor reporting to support the full life cycle of an investment.
"Cohen & Steers joins over 2,000 leading alternative investment managers, institutional investors, and wealth management firms that are using SUBSCRIBE to automate private fund investment processes," said Rafay Farooqui, Chairman, Founder and Chief Executive Officer of SUBSCRIBE. "Aligning our platform to support Cohen & Steers' strategic goals embodies our vision to help digitally transform the alternative investments industry. We are proud to partner with them as they ensure an easy and seamless workflow for their limited partners."
About SUBSCRIBE
SUBSCRIBE, is global fintech company offering a cross-functional software and data platform for managing complex alternative investment programs. The technology acts as a central operating system for fund managers, fund investors, and service providers to collaborate across the entire investment lifecycle. The open-architecture platform enables organizations to digitally transform their private fund data and investment processes across pre-trade, trade, and post-trade workflows by delivering a complete suite of services that can support any fund, any investor, anywhere in the world. The company serves over 9,000 alternative investment organizations and supports over
About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong, Tokyo and Singapore.
Website: https://www.cohenandsteers.com/
Symbol: (NYSE: CNS)
Copyright © 2024 Strategic Alternative Funds Group, LLC (d/b/a SUBSCRIBE)
View original content:https://www.prnewswire.com/news-releases/cohen--steers-joins-subscribe-alternative-investment-platform-to-expand-private-real-estate-access-for-private-wealth-channel-302245713.html
SOURCE SUBSCRIBE
FAQ
What is the purpose of Cohen & Steers (CNS) joining the SUBSCRIBE platform?
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