Alternative investment marketplace iCapital, which has more than $180bn in platform assets, revealed on Tuesday that it is acquiring data aggregation and reporting company Mirador.
Specific financial terms of the deal were not disclosed. iCapital chief executive Lawrence Calcano (pictured) told Citywire that the deal would be funded with a mix of cash and equity, and that the entire Mirador team would be joining iCapital.
Founded in 2015 by CEO and president Joe Larizza, Mirador provides a suite of data and financial reporting services to family offices and ultra-high net worth investors, including financial reporting, private investment support, offline and alternative investment data management, K-1 document management and compensation management.