October 22, 2014
NEW YORK- October 22, 2014--iCapital Network, a new online marketplace connecting qualified investors with private equity fund managers, today announced the close of its second round of financing, raising $9.25 million from both existing investors as well as new investors.
“Our vision at iCapital Network is to transform the private fundraising practice and break down longstanding barriers preventing qualified investors from building the diversified private equity portfolios they desire,” said Lawrence Calcano, Managing Partner, iCapital Network. “This new round of financing will allow us to continue building out our innovative platform and bring private funds to a broader audience.”
iCapital Network has created a comprehensive platform that enables qualified investors and their advisors to see over 2,000 private equity funds that are currently raising capital. The platform’s powerful suite of tools allows users to search and analyze funds as well as gain access to a subset of funds at low investment minimums through iCapital Private Access Funds.1iCapital’s secure platform is accessible free of charge to thousands of qualified investors and advisors, including independent RIA firms, family offices and institutional investors.
“iCapital Network brings a distinctive and innovative approach to private equity investing,” said Dinkar Jetley, Partner, Pivot Investment Group and former CEO of Worldwide Securities Services at JPMorgan Chase. “Platforms serving the wealth management industry are of deep interest to us. iCapital has assembled a superb management team and an impressive array of strategic partners, and we are excited to be an investor and look forward to supporting their success.”
Dan Vene, Co-Founder and Managing Partner, iCapital Network, commented, “We’re incredibly pleased to have the support of a marquee group of investors and strategic partners, including Credit Suisse’s Private Fund Group, Eaton Partners, Park Hill Group, Evercore’s Private Funds Group, Pivot Investment Partners, Monument Group, Capstone Partners, Gen II Fund Services and select strategic individuals.”
The iCapital platform includes fund and performance data from Preqin, the leading source of data and intelligence to the alternative assets industry, GP-supplied data and information, as well as aggregated peer group data from Burgiss, the portfolio management software of choice for leading institutional investors in private equity. iCapital has also formed an industry first strategic partnership with Intralinks ®, Inc. (NYSE: IL), one of the PE industry’s largest providers of content management and data security solutions.
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.
Brian Ruby, 203-682-8268
Emily Serafin, 646-277-1245
1 Securities offered through Bendigo Securities, LLC, a registered broker/dealer, and a member or FINRA and SIPC.