NEW YORK, Feb. 14, 2018 /PRNewswire/ — iCapital Network, the financial technology platform democratizing alternative investments for high-net-worth individuals and their advisors, announced it has been selected as a top fintech firm in the 2018 Forbes Fintech 50 list.
Forbes has published its third Fintech 50 list, which highlights the top 50 innovative financial technology startups in the areas of investing, trading, wealth management, lending, personal finance, financial information and data, cryptocurrencies and blockchain, payments, business services and capital markets. The list of 50 is chosen from among hundreds of nominations reviewed by Forbes, and iCapital is one of only 22 newcomers to the list.
“We are honored to be recognized among this esteemed group of firms on the cutting edge of the financial technology and investing industries,” said Lawrence Calcano, Chief Executive Officer of iCapital Network. “Our mission is to bring tech-enabled accessibility, transparency and education to the alternative investing industry, and to allow the high-net-worth community access to high-quality investing opportunities previously out of their reach. We’re thrilled at this affirmation of our success.”
Individual investors remain significantly under-allocated to alternative investments relative to institutional investors, but are increasingly exploring the critical role alternatives can play in state-of-the-art portfolio construction. iCapital’s online platform facilitates access to private investment opportunities through an independent origination and due diligence process that prioritizes quality offerings from an array of managers, and provides an end-to-end technology solution automating the unique subscription, administration, and reporting processes of alternative investments.
As of December 31, 2017, iCapital serviced approximately $5.2 billion in platform assets, which represents a more than 1500% increase from 2015. The platform services over 115 private access vehicles for approximately 10,000 domestic and international investor accounts. Additionally, iCapital has secured over $50 million in funding, including strategic investments from some of the largest firms operating in the wealth advisory industry, including Credit Suisse, BlackRock, Morgan Stanley and UBS among other strategic investors. The iCapital team has grown to over 90 employees.
About iCapital Network
iCapital Network is a financial technology platform that provides modular alternative investments solutions for registered investment advisors, broker-dealers, private banks, family offices and other sophisticated investors. The state-of-the-art online portal offers a curated menu of private equity, private credit, venture capital, real estate and hedge funds, along with extensive due diligence support, an automated subscription process and integration with a wide range of custodians and reporting packages. The firm’s configurable technology and specialized suite of services is also used by asset managers and financial institutions to streamline and automate their private fund operational infrastructure. As of December 31, 2017, iCapital serviced approximately $5.2 billion in platform assets including all iCapital entities and their collective assets under management, assets under administration and other fee earning assets.
For additional information, please visit the Company’s website at www.icapitalnetwork.com | LinkedIn: https://www.linkedin.com/company/icapital-network-inc | Twitter: @icapitalnetwork | Facebook: https://www.facebook.com/icapitalnetwork/
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. The award referenced herein makes no guarantee as to future performance and may not be representative of a platform user’s experience. 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.
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