The global fintech platform iCapital has announced that it has surpassed 200 billion dollars in alternative investment assets.
“Increased demand for high-quality private market funds from global clients has led to this milestone and accelerated the growth of client assets on the iCapital platform,” the firm announced in a statement.
According to iCapital, the financial professionals and asset managers using its platform doubled the amount of assets from 100 billion dollars in December 2021 to more than 200 billion dollars in September 2024.
Additionally, more than 104,000 financial professionals have conducted transactions on the iCapital platform over the past 12 months, with an average of four visits per month, the statement noted.
Currently, the platform provides access to more than 1,630 funds from over 600 asset managers, marking a more than 77% increase in the number of funds available on its platform since December 2021.
“iCapital is honored to help more financial advisors than ever grow their businesses by using our end-to-end technology and operating platform,” said Lawrence Calcano, Chairman and CEO of iCapital. “Our clients are and will continue to be the cornerstone of everything we do. Together, we’ve surpassed this 200 billion-dollar milestone in assets under management, and together we will innovate and transform the alternative investment experience to create opportunities for the long-term successful outcomes that financial advisors seek for their clients.”
iCapital has offices in Zurich, London, Lisbon, Singapore, Hong Kong, Toronto, and Tokyo this year. The firm will open offices in Australia and the Middle East in the next six months. The platform manages more than 28 billion dollars in assets.