Private Markets Square #10 — Private markets: who does what?
AirFund Newsletter · Edition #10 · October 2026 · 5 min read
The Pulse of the Square
Not always easy to find your way around? We are here to help.
Private markets are a dense world. Between platforms, feeders, marketplaces and digital solutions, offers multiply and are not always clear. At AirFund, we have two distinct offers, for two different audiences. This month in your newsletter: no fundraising figures, no secondary market analysis, but the wish to give you a clear view of what we do.
Our conviction
Two offers, two businesses
First offer - AirFund Marketplace: for those looking for funds.
You are a wealth adviser, a family office or a private bank. Your clients are asking for private markets and you want to advise them properly on this asset class. Your peers are already placing it. And you do not have the time to run a fund selection team inside your firm.
We meet more than 150 funds a year. We take 10 to 15 through due diligence. We reference 2 to 3. The gap between those three figures is our business and our added value.
Concretely, here are our convictions.
Otentiq Private Infrastructure III — co-investment alongside Access Capital Partners
Theme. Infrastructure: energy, networks, digital, mobility.
Why we selected it. It is essential and never finished. Nobody postpones electricity, water or an internet connection until next year. And networks designed for the twentieth century now have to absorb electric cars, heat pumps and data centres that consume like mid-sized towns.
What makes the difference. The need guarantees usage, constant evolution creates the value. And the format leans on the deals of an established house.
MCF Access Feeder S.L.P. — managed by ARCHIMED, structured via Mata Capital
Theme. Healthcare and life sciences.
Why we selected it. Healthcare knows no plateau. Medicine is in constant progress and every advance becomes the standard of care of the following decade. Demographics increase the volume of care, innovation increases its value.
What makes the difference. An unapologetic specialist: healthcare is ARCHIMED’s only business. And it is an evergreen fund, so no race to a closing.
Everything then happens on the platform. Your advisers select from your own product window, in your colours. Subscription is completed online in the same flow.
Product and regulatory documentation is ready to send. And your teams train through the AirFund Academy, to master the subject in front of their clients.
And depending on your ambition, we play three roles. We reference an existing fund, such as the Mata Capital IM vehicle on ARCHIMED’s healthcare strategy. We structure an evergreen open to the whole network. Or we create the fund that did not exist and leave it to you exclusively, as we did with AirFund Conviction Value Capital, an access to CVC and its 209 billion euros of assets, distributed by a single firm.
Second offer - AirFund Tech: for those who create, structure and distribute funds.
You are an asset manager or a selection team. The product exists. So does the network. What slows you down: the paper subscription form, the KYC sent as an attachment and the rebate spreadsheet nobody dares to touch.
We industrialise all of it for you:
A product window under your own brand, fully configurable.
End-to-end digital subscription with electronic signature, KYC and AML checks built in.
Real-time order tracking with a full audit trail.
Automated capital calls and distributions.
A single sub-distribution agreement instead of the usual pile.
Rebates calculated and redistributed without manual work.
A white-label investor portal.
All of it hosted in Europe, with a dedicated environment per player and unique, dedicated encryption keys for large groups. Not the most glamorous subject. The one your clients will ask about first.
So, which one?
You are looking for funds: head to the Marketplace. You have the funds and you are losing subscriptions in the back office: AirFund Tech is for you. Both at once: same contact, same platform.
9,000 users, 30 partner managers, 4 offices in Europe and 2 billion euros intermediated each year. Patrimonia awards for Digital Innovation and Best Partner Relationship with wealth advisers.
Events
Patrimonia, two days of great encounters. New firms discovered. Projects opened since. And conversations that inspired this edition. Thank you to everyone who came to see us.
Our news
AirFund 2.0
Good news: the separation is not just a newsletter exercise. It is already in the product.
Two distinct spaces. One for managers, another for distributors. Each with its own features and its own data. Digital subscription moves back into the Marketplace itself. And reporting runs on its own on both sides.
1 platform, 2 businesses, 0 ambiguity.
Disclaimer
Information reserved for wealth management professionals. Marketing communication. AirFund is a Financial Investment Advisor (CIF), registered with ORIAS under number 24004281, member of ANACOFI. Fund details are accessible only to wealth management advisers registered with ORIAS and holding CIF accreditation. Please refer to the AIF prospectus and the key information document before making any investment decision. Investments in private assets carry a risk of capital loss and limited liquidity. Subscription and redemption terms, including for evergreen funds, are defined by the fund’s legal documentation. Information on future performance is based on reasonable assumptions; these forecasts are not guaranteed and are not a reliable indicator of future results.