iCapital Launches Alternative Investing Marketplace for Advisors
iCapital, a global fintech platform focused on alternative investments, announced the launch of iCapital Marketplace, a platform connecting financial advisors with alternative investment opportunities offered by investment providers and asset managers.
iCapital says the platform delivers an all-digital investment experience that “bridges the structural divide that has historically separated asset managers, advisors and clients from alternative investments.”
The company says iCapital Marketplace allows asset managers to offer funds to the global iCapital network of wealth managers and advisors on its platform, and the option to benefit from diligence services supported by iCapital.
“Since iCapital’s inception, our mission has been to connect the wealth management community and alternative asset managers with an unrivaled technology and service experience,” said Dan Vene, iCapital co-founder & managing partner, and head of iCapital Marketplace. “The launch of iCapital Marketplace is a new era of access, further paving the way for advisors to have institutional-quality access to alternative investments.”
Through iCapital Marketplace, the company says asset managers may now also choose to fundraise through iCapital Marketplace and manage distribution themselves. These funds will be supported by iCapital’s technology platform that streamlines and automates the alternative investing process, from subscriptions and capital calls to reporting.
According to iCapital, the platform also features an array of educational tools, such as market insights, webinars and training modules.
More than a dozen managers participated in the pre-launch of iCapital Marketplace, including Audax Private Debt, Blackstone, Carlyle, CrowdStreet Advisors, Fidelity, FS Investments, Henderson Park, John Hancock Investment Management, Kayne Anderson, Net Lease Capital, Partners Group, RedBird Capital Partners, Steele Creek Capital and Sealy & Company.
iCapital was founded in 2013 and provides end-to-end technology and services to wealth management firms, asset managers, registered investment advisors. As of April 30, 2023, iCapital services more than $157 billion in global client assets, of which more than $30 billion are from international investors, across more than 1,270 funds.
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