iCapital, a global fintech firm specializing in providing wealth managers access to alternative investments, has surpassed the $200 billion mark in platform assets. With a growing presence in Singapore, Hong Kong, and Tokyo, the company expands its global reach in private markets.
New York-based iCapital offers a platform where asset management companies can showcase their private market offerings, allowing institutional investors to invest in them.
The firm’s backers include prominent financial institutions, notably UBS. «Private markets are becoming increasingly relevant for financing growing companies, as they open up new sources of capital. Therefore, it is crucial that investors gain access to these markets to benefit from the value creation that occurs outside of public markets,» said Marco Bizzozero, Head of International at iCapital and a Swiss national.
iCapital’s technology platform enables investors to navigate the complexities of alternative investments and offer tailored solutions to their clients.
Key Facts and Goals
- The platform’s volume has grown from $100 billion in December 2021 to over $200 billion in September 2024.
- Over 104,000 financial institutions have conducted transactions on the iCapital platform in the past 12 months.
- The platform provides access to more than 1,630 funds from over 600 asset managers, reflecting an increase of nearly 80 percent in available funds since December 2021.
- By the end of 2024, iCapital plans to have invested more than $600 million into its platform, operating system, investment solutions, and tools.
New Locations
iCapital employs over 1,675 people across 17 locations worldwide. The US company has international offices in Zurich, London, Lisbon, Singapore, Hong Kong, and Toronto. This year, it opened an additional office in Tokyo and plans to establish branches in Australia and the Middle East within the next six months.
Currently, more than $28 billion of the assets managed on the iCapital platform come from international investors outside the US, a figure Bizzozero expects to grow significantly in the coming years.
Technology-Driven Diversified Portfolios
«As a global team, we are dedicated to educating advisors and their clients on the opportunities that private market investments present as a core element of a diversified portfolio while highlighting the crucial role that technology plays in facilitating these investments,» Bizzozero added.