NEW YORK — iCapital1, the global fintech platform driving the world’s alternative investment marketplace for the wealth management industry, today announces it has completed its acquisition of Mirador, a leading technology-enabled provider of investment data aggregation and financial reporting across both alternative and traditional investments. The acquisition, first disclosed in April, meaningfully enhances iCapital’s investment data management and consolidated financial reporting capabilities and further expands its suite of [post-trade digital] technological solutions which are essential to wealth management advisors and their clients.
“Today is an exciting day in iCapital’s history as Mirador officially becomes a part of the iCapital” said Lawrence Calcano, Chairman and CEO of iCapital. “”By combining Mirador’s comprehensive reporting services and data management capabilities with iCapital’s end-to-end operating system, we continue to enhance the digital experience for our customers to engage in at all stages of the alternative investment process.”
Joseph Larizza, former CEO and President of Mirador is joining iCapital as Managing Director, Head of Data Solutions, and will lead the integration of Mirador’s data aggregation and comprehensive reporting capabilities onto iCapital’s platform. Additionally, more than 180 former Mirador employees have joined iCapital as part of the transaction.
Terms of the transaction were not disclosed.
Morgan Stanley & Co. LLC and Goodwin Proctor LLP served as advisors to iCapital. Raymond James and DBM Legal Services LLC served as advisors to Mirador.
About iCapital
iCapital powers the world’s alternative investment marketplace offering a complete suite of tools, end-to-end enterprise solutions, data management and distribution capabilities and an innovative operating system. iCapital is the trusted technology partner to independent financial advisors, wealth managers, and asset managers, offering unrivaled access, technology, and education to incorporate alternative assets into the core portfolio strategies for their clients.
At the forefront of the digital transformation in alternative investing, iCapital’s secure platform delivers a complete portfolio of management capabilities for education, transactions, data flows, analytics, and client support throughout the investment lifecycle. With $184.72 billion in global platform assets, the iCapital operating system automates and streamlines the complex process of private market investing and seamlessly integrates with clients’ existing infrastructure platform and tools.
iCapital employs more than 1,450 people globally, and has 12 offices worldwide including New York, Greenwich, Zurich, Lisbon, London, Hong Kong, Singapore, Tokyo, and Toronto. iCapital has consistently been recognized for its outstanding innovation, fintech industry leadership, and performance including Forbes Fintech 50 for 2018, 2019, 2020, 2021, 2022, 2023, and 2024 and MMI/Barron’s Industry Awards as Solutions Provider of the Year for 2020, 2021, 2022, and 2023.
For more information, visit https://icapital.com | Twitter (X): @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc/
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1. iCapital, Inc., and its affiliates (together, “iCapital”)
2. As of March 31, 2024
Disclosures
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ALTERNATIVE INVESTMENTS ARE CONSIDERED COMPLEX PRODUCTS AND MAY NOT BE SUITABLE FOR ALL INVESTORS. Prospective investors should be aware that an investment in an alternative investment is speculative and involves a high degree of risk. Alternative Investments often engage in leveraging and other speculative investment practices that may increase the risk of investment loss; can be highly illiquid; may not be required to provide periodic pricing or valuation information to investors; may involve complex tax structures and delays in distributing important tax information; are not subject to the same regulatory requirements as mutual funds; and often charge high fees. There is no guarantee that an alternative investment will implement its investment strategy and/or achieve its objectives, generate profits, or avoid loss. An investment should only be considered by sophisticated investors who can afford to lose all or a substantial amount of their investment.
iCapital Markets LLC operates a platform that makes available financial products to financial professionals. In operating this platform, iCapital Markets LLC generally earns revenue based on the volume of transactions that take place in these products and would benefit by an increase in sales for these products.
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