December 2, 2014
Further Strengthens Rigorous Fund Manager Selection and Diligence
NEW YORK- December 2, 2014 10:00 AM Eastern Standard Time
NEW YORK--(BUSINESS WIRE)--iCapital Network, an online marketplace providing qualified investors and their advisors with access to private equity fund managers, today announced the hires of Kunal Shah as Senior Vice President of Fund Manager Due Diligence and Caroline Rasmussen as Vice President of Fund Manager Due Diligence. The addition of Mr. Shah and Ms. Rasmussen enhances iCapital’s ability to provide investors with the robust diligence needed to evaluate hundreds of private equity managers raising new funds at any given time and make informed investment decisions.
“We are extremely pleased to welcome Kunal and Caroline to the iCapital Network team. They bring a wealth of experience in fund manager selection and diligence, and will enable us to cover the market more efficiently to identify and focus on the best managers raising capital,” said Nick Veronis, co-founder and managing partner, iCapital Network. “These appointments signify iCapital’s commitment to being the leading platform for connecting independent wealth advisors, family offices and other members of the retail investment community with top performing private fund managers, and for meeting increasing demands for transparency and access to high quality private equity funds.”
Mr. Shah, previously a Principal at consulting and advisory firm Meketa Investment Group, brings deep due diligence experience to iCapital Network. He served as leader of Meketa’s Private Equity team, responsible for sourcing global private equity fund managers and for overseeing due diligence processes. Mr. Shah led the firm’s due diligence efforts for private markets partnerships in the areas of buyouts, venture capital, private debt, special situations, infrastructure and natural resources.
Prior to joining Meketa Investment Group, Mr. Shah served as an analyst for The Vanguard Group and worked in the private equity and research group of Hirtle, Callaghan & Co.
“iCapital has developed an innovative and compelling platform to provide high net worth individuals and smaller institutions with access to private equity,” said Mr. Shah. “I am excited to join the team and to support the company’s vision of being the leading platform for connecting top performing private fund managers with a broad universe of qualified investors.”
Ms. Rasmussen joins iCapital from Milbank, Tweed, Hadley & McCloy LLP, where she was a member of the firm’s Project Finance Group, focusing on due diligence for large-scale international and domestic energy and infrastructure project financings. Prior to this, she was an analyst in the Private Fund Group at UBS, focusing on due diligence and analysis of PE managers. She has extensive experience developing market research and diligence materials for institutional investors. Ms. Rasmussen received a J.D. from Harvard Law School and a Bachelor of Arts degree with a concentration in International Economics from the University of Virginia.
"I am delighted to join the team at iCapital,” said Ms. Rasmussen. “It is tremendously exciting to be part of a platform that is leveraging technology to disrupt and improve the private equity fundraising process for both the GP and investor communities."
About iCapital Network
iCapital Network is an online platform that unlocks the world of private equity, enabling institutions and qualified investors to search and analyze the performance history of hundreds of fund managers and gain direct access to a diverse range of private funds, including buyout, growth equity, real estate, mezzanine, infrastructure, real assets and venture. iCapital’s innovative and secure portal makes it possible for top performing fund managers to both source new institutional investors and efficiently aggregate commitments from a network of independent advisors, wealth managers, family offices and qualified individual purchasers. This powerful platform features integrated content and data from best-in-class providers including Burgiss, Intralinks, Preqin and Privcap. The company is led by an accomplished team of industry executives who have raised hundreds of billions of dollars of private equity capital and backed by a group of industry leading strategic partners.