Illustrates global expansion of private market
strategies and the impact of iCapital’s technology platform.
Video Interview with Lawrence Calcano, Chairman
and CEO of iCapital
iCapital1, the global fintech platform driving the world's
alternative investment marketplace for the wealth management
industry, announces that it has surpassed US$200 billion in global
platform assets. Increased global client demand for high-quality
private market funds has led to this milestone and accelerated the
growth of client assets on iCapital's platform.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20241008307990/en/
“iCapital is honored to help more financial advisors than ever
grow their businesses through the use of our technology and
end-to-end operating platform,” said Lawrence Calcano, Chairman and
CEO of iCapital. “Our customers are and will continue to be the
cornerstone of everything we do. Together, we have surpassed this
$200B AUM milestone, and together we will innovate and transform
the alternatives investing experience to create opportunities for
the long-term successful outcomes that financial advisors seek for
their clients.”
This demand highlights the industry's commitment to private
market strategies and the strong partnerships iCapital has built
with leading global investment firms within the alternatives
ecosystem to ensure a superior client experience. The integration
of iCapital’s technology platform, operating system, and data
solutions helps advisors and their clients navigate the
complexities of alternative investments.
KEY HIGHLIGHTS
- Financial professionals and asset managers who use iCapital’s
platform doubled the number of assets on the platform from $100
billion in December 2021 to over $200 billion in September
2024.
- More than 104,000 financial professionals have transacted on
the iCapital platform in the last 12 months, with an average of
four visits per month.
- The platform provides access to over 1630 funds from over 600
asset managers, a more than 77% increase in the number of funds
available on its platform since December 2021.
- The platform has evolved to support alternatives, structured
investments, and annuities.
- By the end of 2024, iCapital will have invested over $600
million in its technology platform, operating system, and
investment solutions and tools.
A GLOBAL OPPORTUNITY
iCapital supports advisors and their clients across the globe
and will continue to provide on-the-ground support for wealth
managers across regions with growing demand for alternative
investments for their private clients. In addition to its
international offices in Zurich, London, Lisbon, Singapore, Hong
Kong and Toronto, iCapital opened a new office in Tokyo this year,
and the firm will open offices in Australia and the Middle East in
the next six months. Today, US$28 billion+ of assets on iCapital’s
platform stem from international investors outside the United
States, a figure expected to continue to grow significantly in the
coming years.
“There is an ongoing shift in the role of public versus private
markets in supporting growing, profitable companies. It’s
increasingly important for private investors around the world to
have the opportunity to access private markets so they can benefit
from the value creation, which is nowadays increasingly happening
outside of the public markets because companies are remaining
private longer,” said Marco Bizzozero, Head of International at
iCapital. “We are focused as a global team on continuing to educate
advisors and their clients on the opportunity that private markets
investing can provide as a core component of a diversified
portfolio and the power that technology plays in facilitating
accessibility.”
This milestone of US$200 billion in global platform assets would
not have been possible without the trust and continued support of
our clients. While iCapital has made important technological
advances in making alternative investments simpler to access and
manage, we have continued to invest significant resources in taking
our technology and operating system to the next level in support of
our clients. We are deeply grateful for the opportunity to serve
both asset managers and the wealth management industry, and
delivering exceptional value to our clients will remain our highest
priority.
About iCapital
iCapital powers the world’s alternative investment marketplace,
offering a complete suite of tools, end-to-end enterprise
solutions, data management and distribution capabilities, and an
innovative operating system. iCapital is the trusted technology
partner to financial advisors, wealth managers, asset
managers, as well as other participants in this ecosystem,
and offers unrivaled access, technology, and education to
incorporate alternative assets into the core portfolio strategies
for their clients.
At the forefront of the digital transformation in alternative
investing, iCapital’s secure platform delivers a complete portfolio
of management capabilities for education, transactions, data flows,
analytics, and client support throughout the investment lifecycle.
With $200 billion+2 in global platform assets, the iCapital
operating system automates and streamlines the complex process of
private market investing and seamlessly integrates with clients’
existing infrastructure platform and tools.
iCapital employs more than 1,675 people globally and has 17
offices worldwide, including New York, Greenwich, Zurich, Lisbon,
London, Hong Kong, Singapore, Tokyo, and Toronto. iCapital has
consistently been recognized for its outstanding innovation,
fintech industry leadership, and performance including CNBC World
Top Fintech Companies for 2024, Forbes Fintech 50 for 2018, 2019,
2020, 2021, 2022, 2023, and 2024 and MMI/Barron’s Industry Awards
as Solutions Provider of the Year for 2020, 2021, 2022, and
2023.
For more information, visit icapital.com | X (Twitter):
@icapitalnetwork | LinkedIn:
https://www.linkedin.com/company/icapital-network-inc/
This material has been provided to you for informational
purposes only by iCapital, Inc. and/or one of its affiliates
including Institutional Capital Network, Inc. (collectively,
“iCapital”). This material is the property of iCapital and may not
be shared without its written permission. No part of this material
may be reproduced in any form or referred to in any other
publication without express written permission of iCapital. This is
not intended as, and may not be relied on in any manner as, legal,
tax or investment advice, a recommendation to employ a specific
investment strategy, or as an offer to sell, a solicitation of an
offer to purchase, or a recommendation of any interest in any fund
or security. Security products and services are offered through
iCapital Markets LLC, a registered broker/dealer, member FINRA and
SIPC. Financial products made available by iCapital Markets LLC may
be complex and/or speculative and are not suitable for all
investors. iCapital Advisors, LLC is an investment adviser
registered with the Securities and Exchange Commission and acts as
an adviser to certain privately offered investment funds.
“iCapital” and “iCapital Network” are registered trademarks of
Institutional Capital Network, Inc. © 2024 Institutional Capital
Network, Inc. All Rights Reserved.
1 iCapital, Inc., and its affiliates (together, “iCapital”) 2 As
of September 30, 2024
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241008307990/en/
For media inquiries, please contact: +1 919 602 2806
icapital@neibartgroup.com