iCapital Network passes USD2bn in assets
iCapital Network has surpassed USD2 billion in platform assets since the launch of its online alternative investment platform two years ago.
The firm’s proprietary technology has helped to democratise private investments such as private equity and hedge funds by connecting individual investors and their advisers to asset managers through a streamlined and secure digital interface.
Via iCapital’s platform, high-net-worth (HNW) investors and financial advisors have access to education, data, analytics and an array of high-demand private investment opportunities that have previously been the domain of institutional investors.
Asset managers use iCapital’s full suite of solutions to automate the offering and administration of their private placements – which are notoriously labour-intensive and complex processes – including customisable platform technology, access to new pools of investor capital through the firm’s extensive network in the HNW marketplace, and investor relations support.
“We are excited by the remarkable response to the iCapital platform thus far and will continue our efforts to connect investors and asset managers and improve the process of allocating to alternative investments,” says Phil Pool, chairman of the board of iCapital Network.
“Our differentiated end-to-end model has been widely adopted by investors and their advisors, as well as many highly-regarded GPs, since our launch 24 months ago,” adds Lawrence Calcano, chief executive officer of iCapital Network. “iCapital’s extraordinary growth is a testament to an ever increasing, but not surprising, appetite from the high-net-worth community for access to private investments.”
Since the portal’s official launch in autumn 2014, iCapital has expanded to more than 45 employees across core functions.