NEW YORK–iCapital Network, an online marketplace providing qualified investors and their advisors with access to private equity fund managers, has expanded its business development team, hiring Michael Mastey as Senior Vice President, Investor Network with responsibility for the Mid-Atlantic and Southeast regions, and Melissa Iagulli as Senior Vice President, Investor Network covering the West Coast.
A veteran of the asset management industry, Michael Mastey brings more than 30 years of experience leading both institutional and retail channel business development efforts in the asset management industry. He joins iCapital from PNC Capital Advisors where he led the retail distribution team and, prior to that, was head of alternative investments, responsible for all aspects of development and growth of PNC’s proprietary alternative product platform. Prior to PNC, Mr. Mastey led institutional sales for Bear Stearns Asset Management and was head of retail distribution for the Bear Stearns Private Client Service Advisor Platform, where he was responsible for advancing private equity and hedge fund solution sales into the marketplace. Mr. Mastey’s earlier experience includes leadership positions with the institutional sales division of Rydex Investments and the RIA distribution team at Fidelity Investments Institutional Services, among other roles targeting the RIA market.
“Michael’s decades of leadership in the converging worlds of institutional and retail investing make him a perfect fit for iCapital as we work to bring more independent RIAs, family offices and institutions onto the platform,” said Lawrence Calcano, Managing Partner, iCapital Network. “We look forward to leveraging his impressive depth of experience in the industry to accelerate our mission of bringing private equity access to a broader audience.”
Melissa Iagulli joins iCapital with over a decade of experience conducting advanced financial analysis and developing strategic recommendations for institutional and retail financial services firms. She previously served as Director of Strategy at Charles Schwab & Co., where she employed data driven insights to improve the client experience and optimize the company’s acquisition programs and product platforms. Prior to Charles Schwab, Ms. Iagulli held analyst positions at investment management and wealth management firms including FLAG Capital and Hall Capital.
“We are thrilled that Melissa has joined our team to assist in building iCapital’s brand and reputation within RIA and wealth management circles on the West Coast,” said Mr. Calcano. “Melissa’s established track record of driving new business results, and her insights-driven approach should prove tremendously valuable as we look to educate the advisor community on the unique market opportunity that the iCapital platform can offer their clients.”
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 get direct access to a diverse range of private funds, including buyout, growth equity, real estate, mezzanine, infrastructure, real assets and venture capital funds. 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, Dow Jones, 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 is backed by a group of industry leading strategic partners.
Disclosures: This material is provided for informational purposes only and is not intended as, and may not be relied on in any manner as, legal, tax or investment advice, a recommendation, or as an offer to sell, a solicitation of an offer to purchase or a recommendation of any interest in any fund or security offered by iCapital. Past performance is not indicative of future results. Alternative investments are complex, speculative investment vehicles and are not suitable for all investors. An investment in an alternative investment entails a high degree of risk and no assurance can be given that any alternative investment fund’s investment objectives will be achieved or that investors will receive a return of their capital. The information contained herein is subject to change. Securities may be offered through iCapital Securities, LLC, a registered broker dealer, member of FINRA and SIPC and subsidiary of Institutional Capital Network, Inc. iCapital is a registered trademark of Institutional Capital Network, Inc. All rights reserved.