Bank of America (BAC) units Merrill Wealth Management and Bank of America Private Bank said Thursday they plan to launch a private market program for clients with a net worth of at least $50 million.

The Alts Expanded Access Program, which will start in the fall, is intended to compliment the investment options available through the core Alternative Investments platform, the companies said.

Assets available under the program will include funds that are not broadly distributed and provide access to specialized opportunities in emerging themes or niche strategies, the companies said.

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