A Conduit Group Platform
Your access to private markets
From Latin aperire — to open
Conduit Group · Private Markets
Open architecture · Buy-side first
Apertis is Conduit Group's proprietary gateway to the world of private markets. Designed exclusively for institutional and professional investors, the platform aggregates handpicked private equity, private debt, real assets, and infrastructure strategies into a single, seamlessly navigable environment.
Private markets have historically rewarded those with the right relationships and the right intelligence. Apertis was built to ensure those advantages are yours — with full transparency, rigorous due diligence, and curated access to the deals that define tomorrow's portfolios.
The best GPs have historically required USD 5–25M minimum commitments and existing institutional relationships. Most professional allocators — family offices, EAMs, smaller pension funds — were structurally excluded from top-quartile opportunities.
Management fees, performance fees, placement fees, fund-of-funds layers — cumulative costs are rarely disclosed in full. Over a 10-year fund life, undisclosed fee drag can consume a significant portion of gross returns before they reach the investor.
Private market investments are illiquid by nature, but they need not be administratively burdensome. Most investors lack the custodian infrastructure, ISIN access, and reporting tools to hold and monitor private assets efficiently alongside their liquid portfolio.
Sourcing and vetting private market managers demands specialist expertise, time, and network access that most allocators do not have in-house. The result is missed opportunities or under-reviewed commitments.
Open architecture · Buy-side first
Switzerland pilot · Global ambition
Apertis is Conduit Group's independent private markets platform, built exclusively for the buy-side. It brings together curated GP opportunities, clean execution paths, and open architecture — without a house-product agenda.
The platform serves Multi-Family Offices, independent wealth managers, pension funds, and foundations that are already moving on private assets and want practical, compliant access — without the operational burden of sourcing, structuring, and monitoring alone.
Apertis does not provide investment advice or personal recommendations. Each investor conducts their own due diligence. Our role is to surface the best managers, package them rigorously, and ensure the execution pathway is clean, compliant, and bankable.
Our conviction
"Where structuring meets distribution — for the most demanding allocators in the world."
Apertis does not aggregate fund databases. We actively source, pre-screen, and package a curated set of managers — subjecting each one to a structured, multi-dimensional review before they appear on the platform. Investors retain full responsibility for their final allocation decisions.
Opportunities sourced through our established buy-side network and GP relationships built over 25+ years of institutional experience.
ProprietaryTeam integrity, strategy coherence, track record consistency, and alignment of interests assessed by our Oversight Committee before any further step.
Committee-ledPrivate market-specific metrics: DPI, TVPI, Net IRR by vintage year. Valuation methodology review. Fee structure analysis. Benchmark comparison across comparable strategies.
DPI · TVPI · Net IRRApproved managers receive a standardised deal pack and are onboarded onto the platform with full documentation. Investors access all materials to make their own decision.
Investor's own DDTo ensure consistent quality and independence, Apertis operates an Oversight Committee responsible for reviewing and approving each manager before they are made available on the platform.
The Committee applies a structured methodology combining qualitative judgement on team and strategy with rigorous due diligence: realized returns (DPI), total value creation (TVPI), net IRR by vintage, valuation methodology consistency, and fee structure transparency.
This governance layer exists to protect the buy-side. It does not replace investor due diligence — it raises the baseline quality of what is presented.
Team background, experience, strategy coherence, track record review, GP reputation and reference checks.
DPI, TVPI, Net IRR by vintage year, J-curve trajectory, valuation methodology review, fee structure analysis.
Governance structure, service provider quality (AIFM, depositary, administrator, auditor), compliance framework and regulatory standing.
Final sign-off required before any manager appears on platform. Ongoing monitoring for all listed strategies.
Apertis brings together everything a sophisticated buy-side investor needs — from sourcing and due diligence to execution and reporting — in one compliant, secure environment backed by Conduit Group's institutional expertise.
Pre-screened, committee-approved managers only. No noise. Conviction-led curation across private equity, credit, real assets, and infrastructure.
Each opportunity includes a structured documentation package: teaser, IM, DD summary, track record (DPI, TVPI, Net IRR) and operational review — enabling your own due diligence.
From discovery to subscription in a fully digital, legally compliant workflow. Simplified documentation, faster closing, zero friction for the investor.
Illiquid private market investments converted into ISIN-bearing Luxembourg certificates — clearable via SIX, Clearstream, Euroclear. From USD 10k per lot.
Private equity, private credit, real assets, infrastructure, venture capital. The full private markets spectrum, structured for professional allocators.
Direct access to managers and co-investment opportunities historically reserved for the largest allocators in the world.
Apertis leverages Luxembourg's regulatory ecosystem to convert illiquid private market investments into easily clearable, bankable securities — dramatically lowering barriers for professional allocators.
We support GPs in selecting and coordinating Luxembourg fund structures — RAIFs (standalone or hosted compartments), SPVs — and orchestrate service providers including AIFM, depositary, administrator, legal counsel, and auditor.
Private market investments converted into ISIN-bearing, off-balance-sheet, transferable Luxembourg certificates. Clearable via SIX, Clearstream, Euroclear, and Bloomberg. From USD 10k per lot of USD 100k. No client re-onboarding required.
#150 pension funds managing CHF 500M–5bn. #47 foundations managing on average CHF 376M. Moving on private assets, seeking compliant access.
#460 FINMA-regulated entities managing CHF 250M–5bn. MFOs and EAMs already moving on private assets — our primary pilot target.
Approx. #60 Swiss banks managing CHF 1bn–100bn. Increasingly seeking differentiated private markets exposure for their clients.
Submit your investor profile. Our team verifies professional investor status and completes KYC/AML onboarding digitally, in full compliance with FinSA and MAS requirements.
Browse committee-approved strategies filtered by asset class, geography, risk profile, and structure. Each strategy comes with a full documentation pack.
Apertis provides the materials. You decide. Access data rooms, manager track records, quantitative analysis, and operational reviews to inform your independent decision.
Subscribe via a fully digital, legally compliant workflow. Receive your ISIN-bearing certificate through your existing custodian. No re-onboarding required.
Education for finance professionals navigating private markets for the first time — or going deeper.
Most finance professionals — however sophisticated — have limited formal exposure to private markets. Apertis Academy bridges that gap with concise, practitioner-grade content on fundamentals, portfolio construction, risk frameworks, and fund mechanics. No jargon. No filler. Built for allocators, not academics.
From fund formation to final distribution — the full lifecycle explained for finance professionals entering alternatives.
FundamentalsPrivate markets speak a different language from public equity. DPI tells you what has been returned in cash. TVPI captures total value. Here is how to read them together.
MetricsThe illiquidity premium, active value creation, and manager selection: the three pillars of the PE return case — and where it can go wrong.
PerformanceFrom 5% to 40%: how institutional allocators approach sizing, liquidity planning, vintage diversification, and pacing commitments over time.
AllocationSpreading commitments across multiple vintages is the most reliable way to smooth returns and reduce binary risk. The data challenges the market-timing instinct.
RiskCapital calls, distributions, and the shape of the J-curve: fundamental mechanics for private markets portfolio management.
LiquidityFrom fund structures to exit mechanisms — everything you need before your first private markets commitment.
Learn to distinguish a strong track record from one that looks good on paper but has not returned cash to investors.
How securitisation converts an illiquid fund interest into a clearable, ISIN-bearing certificate.
Stanford's Ashby Monk on how leading institutional investors are rethinking private markets programs — from manager selection to co-investment and direct investing.
PitchBook analysts break down the latest data on PE fund performance, exit activity, and what a recovering M&A market means for distributions and future commitments.
World-leading VC investors in candid conversation on portfolio construction, founder selection, and the mechanics of generating venture-scale returns.
Long-duration capital allocation conversations with the world's top PE, VC, and credit managers.
Andreessen Horowitz co-founders on the intersection of technology, venture capital, and private markets in a world reshaped by artificial intelligence.
Seed rounds to late-stage dynamics, AI infrastructure investment, and where the next decade of venture returns will come from.
PE funds invest in private companies through buyout, growth equity, or venture strategies. They acquire controlling or minority stakes, improve operations, and realise value via trade sales, secondary buyouts, or IPOs — typically over a 5–10 year horizon. Returns are driven by revenue growth, margin improvement, and multiple expansion.
Buyout · Growth · VenturePrivate credit funds provide loans directly to companies, bypassing public bond markets. Senior secured direct lending targets the middle market, offering floating-rate income with priority claim on assets. Yields typically range 8–12% p.a. No mark-to-market volatility.
Direct Lending · Senior Secured · Floating RateReal assets encompass physical assets with intrinsic value: real estate, timberland, agriculture, natural resources. They provide inflation protection through contractual rent escalation or commodity price linkage, durable income streams, and low correlation to public equity.
Real Estate · Natural Resources · Inflation HedgeInfrastructure funds invest in essential assets: transport networks, energy grids, utilities, digital infrastructure. Revenues are often contracted or regulated, providing predictable, long-duration cash flows highly resilient to economic cycles.
Transport · Energy · Digital · Long DurationVenture capital targets early-stage, high-growth companies with potential for transformative scale. Returns are highly skewed: a small number of winners drive the vast majority of fund returns. Access to top-tier VC funds is limited and relationship-dependent.
Early Stage · Growth · Digital AssetsSecondary strategies acquire existing LP interests or continuation vehicles in private market funds, typically at a discount to NAV. They provide earlier liquidity, reduced J-curve, and diversified vintage exposure relative to primary commitments.
LP Secondaries · Continuation Vehicles · Discount to NAVApertis is currently in a closed pilot phase for qualified institutional and professional investors. Contact our team to join the buy-side pilot circle.
Once your access request is approved, you will receive your login credentials by email.
Regulated by the Monetary Authority of Singapore · Conduit Group · FinSA (Switzerland)
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Corporate Identity: Conduit Asset Management Pte. Ltd. and Conduit Securities Pte. Ltd. are incorporated in Singapore and regulated by the Monetary Authority of Singapore. Conduit Securities Suisse Sarl is authorised as a distributor under FinSA.
Information Only: This platform is for information purposes only and does not constitute an offer, solicitation, recommendation, or invitation to subscribe for, purchase, or sell any financial instrument.
Professional Investors Only: Directed exclusively at professional, accredited, or institutional investors. Not intended for retail investors.
No Investment Advice: This platform does not provide investment advice or personal recommendations. Each investor is solely responsible for conducting their own due diligence.
Liability: Conduit Group shall not be liable for any losses arising from reliance on information contained on this platform, except where liability cannot be excluded under applicable law.
Illustrative: Past performance is not indicative of future results. Target returns are illustrative and not guaranteed.