Wealthsimple launches Private Equity fund

TORONTO, ON (November 24, 2023) - Wealthsimple, the money management platform on a mission to help Canadians achieve financial freedom, today officially launched Wealthsimple Private Equity, its third alternative investment offering for retail investors.

Private equity allows you to own a stake in a private company. Historically in Canada such investments have been reserved for ultra-wealthy or institutional investors, such as workplace pensions. In fact, Canada’s top 5 pensions have, on average, nearly 20% of their holdings in private equity.

However, the vast majority of Canadians simply don't have a way to invest in this asset class, so they've been unable to take advantage of the diversification it offers, not to mention its compelling returns over the previous two decades. So Wealthsimple is opening access to more investors as part of our managed investing platform.

Wealthsimple Private Equity was created, and will be managed, in partnership with LGT Capital Partners, the Liechtenstein royal family’s wealth management group.

Private equity is best for those with a long investment time horizons. Eligible investors must have a minimum of $100,000 at Wealthsimple and be able to contribute a minimum $10,000 investment, in addition to meeting suitability screening requirements.

You can find more information about Wealthsimple's Private Equity offering here. It is Wealthsimple's third alternative investment fund, following the launch of Venture Capital in 2022 and Private Credit earlier in 2023.

_{About Wealthsimple}

_{Wealthsimple is one of Canada’s fastest growing and most trusted money management platforms. The company offers a full suite of simple, sophisticated financial products across managed investing, do-it-yourself trading, cryptocurrency, tax filing, spending and saving. Wealthsimple currently serves 3 million Canadians and holds over $30-billion assets. The company was founded in 2014 by a team of financial experts and technology entrepreneurs, and is headquartered in Toronto, Canada. To learn more, visit www.wealthsimple.com.}

_{Contact: press@wealthsimple.com}