Use Case - Private Equity
11 June, 2026
Capital Markets - Private Equity / Fund
In recent years, the private markets industry has seen exponential inflows through securitization vehicles. Asset managers and associated parties have begun to prefer the easier access that securitized solutions can provide into otherwise hard-to-get private assets, such as Private Equity and Private Funds.
What are Private Equities / Funds?
Private Equity
Private Equity has long been a highly interesting market for many; however, it used to be very hard to access. For decades, promising returns to an uncorrelated market have lured potential investors towards Private Equity. With securitization, Private Equity has finally become a bankable asset and therefore easy to engage in for any qualified investor. This is a highly efficient way to access global capital markets as the securities issued are provided with an ISIN and traded through global clearance and settlement platforms, such as SIX SIS, Euroclear and Clearstream.
Private Funds
The same is true for Private Funds, which were only accessible to high-net-worth investors with good connections for a long time. The securitization of fund shares finally provides a bridge between the fund and the investor, allowing fund managers to sell to qualified investors through a new channel of broker dealers and private banks.
Case Study
Problem: Private Equities (such as Revolut, Space X, Klarna) and Private Funds (such as KKR, Blackstone) are hardly accessible for the regular qualified investor. Very often there are significant entry barriers in the form of high minimum investment amounts and massive associated paperwork. The usual physical paper contract normally cannot be booked with the investor’s custody account.
Solution: Securitizing private shares or funds in either a tracker or an AMC offers numerous advantages:
Hard-to-access Private Equities or Private Funds are becoming very easy to invest in through a Swiss ISIN clearable via SIX SIS, Euroclear or Clearstream.
The certificate and the according AuM remain within the investors’ custody account.
The fund or company formally faces only one investor (the AMC/Tracker), which facilitates the process and improves overall efficiency.
Investors profit from regular price updates based on the Private Equity’s or Fund’s underlying value development.
Simplified Example: Using a Tracker to Invest in a Private Equity Fund (such as KKR)
Typically, ISP would be approached by a 3rd party product initiator to securitize a Private Equity Fund.
Qualified investors instruct their custody bank to buy the tracker certificate via the Swiss ISIN.
Through this transaction, the investor receives tracker certificates booked into their custody account, while the associated cash flows into the tracker’s account at ISP.
As soon as cash has arrived at ISP, we, in our role as paying agent, invest the cash proceeds into the Private Equity Fund according to pre-defined rules
Why work with ISP:
Experience -> More than 2'500 ISINs serviced.
Understanding -> Our experience in structuring and securitizing real estate investments enables us to deliver tailored solutions aligned with our clients’ objectives.
Securities Firm -> We are a long standing, reputable Swiss securities firm with a broad team of products & securitization experts.
Skills -> Our highly skilled relationship managers, product specialists and traders are accompanied by experts, within onboarding, legal & compliance and many more fields.
Trading Lines -> 700+ financial institutions have open trading lines with us, allowing our clients numerous advantages.
Partners -> In addition to our inhouse trading services, our clients are also provided with access to trading via several prime brokers in the market.
Flexibility -> We always put our clients and their needs first, we are highly flexible and can accommodate any needs.
Other Securitization Fields:
Securitization is a highly diverse field with countless opportunities. Apart from Private Equity, Private Funds, Private Loans, Real Estate, Digital Assets, ISP is next to you to tackle any securitization need you might have, such as Green Bonds, Art, IP, and other Tangible and Intangible Assets.
Green Bonds
Institutional investors can securitize their investment strategy or assets in a security. The security can apply for a green bond certification via partner service providers.
Art, IP, and other Tangible and Intangible Assets
Art has become increasingly popular as an asset class in the investment landscape.
Investment opportunities in art, collection items or intellectual property (IP), such as brand royalties, music or film rights are typically illiquid and difficult to access.
Shariah-Compliant Products
An innovative and cost-efficient solution for professional clients seeking wealth management strategies aligned with Islamic principles.
So far, AMCs and their unique, cost-efficient structure have had limited access to the world of Islamic Finance, despite the fact that they have been widely used by professional asset managers since the early 2000s.
While early-moving banks have only recently started to offer Shariah-compliant AMCs, we, in collaboration with Amanie Advisors offer a solution without banks’ traditional counterparty risk, resulting in stability and security.