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Icapital Network® Announces Latest Funding Round Led By Westcap

Icapital Network® Announces Latest Funding Round Led By Westcap

12/23/21, 10:48 PM
iCapital Network1, the leading global financial technology platform driving access and efficiency in alternative investing for the asset and wealth management industries, today announced that it has closed on a $50 million funding round led by WestCap. Apollo (NYSE: APO) and Temasek also invested in the round, which valued the company in excess of $6 billion. Other existing investors are expected to make follow-on commitments to iCapital early next year.

Company Info

Company
I Capital Network
Additional Info
Founded in 2013 in NYC, iCapital Network is the leading global financial technology company powering the world’s alternative investment marketplace. It has transformed the way the wealth management, banking, and asset management industries facilitate access to private markets investments for their high-net-worth clients by providing intuitive, end-to-end technology and service solutions. Wealth management firms use iCapital’s solutions to provide clients with quality funds at lower minimums and simplified digital workflows. Asset managers and banks leverage iCapital’s technology to streamline and scale their private investments operational infrastructure. Additionally, the iCapital ‘flagship’ platform offers financial advisors and their high-net-worth clients access to a curated menu of private equity, private credit, hedge funds, and other alternative investments to help meet their investing needs for return and diversification. iCapital’s research and diligence team offers robust analysis alongside the firm’s extensive suite of advisor education, compliance, portfolio management, and portfolio analytics tools and services. iCapital was recognized on the Forbes FinTech 50 list in 2018, 2019, 2020 and 2021, the Forbes America’s Best Startup Employers in 2021, and MMI/Barron’s Industry Awards as Solutions Provider of the Year in 2020. As of June 30, 2021, iCapital services more than $80 billion in global client assets across more than 780 funds. Employing more than 450 people globally, iCapital is headquartered in NYC and has offices in Zurich, London, Lisbon, and Hong Kong. For additional information, please visit iCapital Network’s website at www.icapitalnetwork.com | LinkedIn: https://www.linkedin.com/company/icapital-network-inc | Twitter: @icapitalnetwork See disclosures here. 1Institutional Capital Network, Inc., and its affiliates (together, “iCapital Network” or “iCapital”)
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