(Reuters) - Standard Chartered ( SCBFF ) said on Tuesday that its global private banking unit had launched an investment platform specifically tailored for its ultra-high-net-worth clientele.

The Private Markets Co-Investment Club (CIC) is designed to cater to increasing demand from these high-end investors for efficient, institutional-grade private market portfolios, the global bank said.

StanChart said the club aims to provide its members with benefits such as institutional-grade due diligence, and facilitated execution and transaction support.

"Ultra-high-net-worth individuals are increasingly looking beyond traditional investment solutions to access the private markets," said Raymond Ang, global head of private bank and affluent clients at Standard Chartered ( SCBFF ).

For the launch, Standard Chartered ( SCBFF ) partnered with private investment house Ardian.

(Reporting by Kumar Tanishk in Bengaluru; Editing by Subhranshu Sahu)