NEW YORK – iCapital Network1, the leading global financial technology platform driving access and efficiency in alternative investing for the asset and wealth management industries, today announced it has been recognized by Forbes in their annual Fintech 50 list, marking the fourth year in a row that iCapital has been lauded by the publication as a top innovator among financial technology firms.
The Forbes Fintech 50 list highlights the top private financial technology companies revolutionizing the financial services industry across eight key areas: Blockchain and Bitcoin, Insurance, Investing, Payments, Personal Finance, Real Estate, B2B Lending and Wall Street and Enterprise. iCapital is featured as one of five firms driving the Future of Investing. The ranked companies are chosen from hundreds of nominations through a comprehensive review process by a team of Forbes reporters and editors. Selected companies have demonstrated their impact on the industry through dramatically improving the cost, efficiency, and access of financial services.
“The Forbes Fintech 50 recognition highlights the values at the core of our mission at iCapital: innovation, collaboration, and a relentless focus on client success,” said Lawrence Calcano, Chairman and Chief Executive Officer of iCapital Network. “We are continuously working to enhance the technology we provide for our clients and help them meet the growing demand for alternative investments with efficiency and ease.”
iCapital’s technology platform is designed to overcome the historical challenges of investing in alternative investments such as private equity, private credit, real estate, and hedge funds. The end-to-end technology solution supports the nuances of subscription, administration, and reporting processes for alternative investing. It allows financial advisors to offer their high-net-worth investors thoroughly-diligenced alternative investment opportunities at accessible minimum investment levels via a best-in-class user experience. iCapital also offers scalable and flexible solutions that fully integrate into existing systems at banks, wealth management firms and asset management firms to streamline operations.
iCapital has established its position as the global alternative investing platform of choice with more than $75 billion in global client assets and more than 6,000 underlying accounts. In 2020 and the first half of 2021, iCapital has continued to develop partnerships with fund managers and investment advisors, connecting its technology solution and resources with leading industry participants. More than 100 firms now utilize a custom white label version of iCapital’s technology platform, including Blackstone, J.P. Morgan, KKR, Morgan Stanley, and UBS. In 2020, iCapital also closed a $162 million capital raise with strategic investors including BlackRock, Goldman Sachs, Ping An, and Wells Fargo.
About iCapital Network
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 April 30, 2021, iCapital Network has more than 400 employees and services $75 billion in global client assets across more than 750 funds. Headquartered in NYC, it also 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
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For iCapital media inquiries, please contact:
Emma Murphy / Morgan Miller
347-968-6800 / 919-602-2806
(1) Institutional Capital Network, Inc. and its affiliates (herein “iCapital Network”, “iCapital” or “the Company”)