Global platform assets for iCapital, the fintech company facilitating the world’s wealth management industry’s alternative investment marketplace, has topped $200bn.
This significant achievement and the faster expansion of client assets on iCapital’s platform are the result of growing client demand for premium private market funds on a worldwide scale.
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The industry’s dedication to private market strategies is demonstrated by this demand, which also shows the solid alliances iCapital has established with international investment companies in the alternatives ecosystem to guarantee a valuable client experience.
Advisers and customers may better understand the intricacies of alternative investments with the support of iCapital’s integrated operating system, data solutions, and technology platform.
Since December 2021, iCapital has doubled its platform assets from $100bn to over $200bn by September 2024.
More than 104,000 financial professionals have used the platform in the past year, averaging four visits per month. Additionally, the platform now offers access to over 1,630 funds from more than 600 asset managers, marking a 77% increase in available funds.
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By GlobalDataiCapital has also expanded to support alternative investments, structured products, and annuities. By the end of 2024, the firm will have invested over $600m in enhancing its technology and investment solutions.
With offices across the globe, including recent expansions to Tokyo, Australia, and the Middle East, iCapital’s international presence continues to grow. Over $28bn of its platform’s assets come from international investors, a figure expected to rise.
Lawrence Calcano, chairman and CEO of iCapital stated: “iCapital is honored to help more financial advisers than ever grow their businesses through the use of our technology and end-to-end operating platform. 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 advisers seek for their clients.”
“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,” added Marco Bizzozero, head of International at iCapital.
“We are focused as a global team on continuing to educate advisers 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.”
