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  • iCapital Platforms
    • iCapital PlatformsLearn, invest and manage alternative investments, structured notes and annuities with ease.
    • –
      • Access Alts on MarketplaceThe flagship iCapital platform connecting wealth managers and asset managers.
      • Access SI & AnnuitiesA dedicated platform to access education and investment opportunities.
    • –
      • Custom Platform SolutionWhite label solution to meet specific needs and objectives.
      • finding areas of convictioniCapital Market Pulse: Finding Areas of Conviction in an Uncertain Market Environment
  • Solutions
    • Technology SolutionsiCapital offers a full array of advanced solutions engineered for the complete alternative investment lifecyle.
    • –
      • Investment ReportingElevating the standard in performance reporting for alternative investments.
      • ArchitectA portfolio construction tool showing the impact of alternatives and structured investments.
      • Fund MasterA security master designed to centralize data management for alternative products.
      • iCapital InsightA leader in alternative investment research, education and compliance documentation.
      • Identity SolutionsThe leader in end-to-end reusable financial identity.
    • –
      • Document CenterExperience the future of document management today.
      • Custom Platform SolutionWhite label solution to meet specific needs and objectives.
      • DLTAn API-first distributed ledger technology platform.
      • Data and Reporting ServicesComprehensive asset reporting and data management services.
        • Alternative Data ManagementData processing and reporting for hard-to-track offline alternative investments.
        • Consolidated ReportingInvestment data and reporting services across all client asset classes, regardless of custody.
      • Is it Worth it to Pay a Fee to Get a Higher Rate on an Indexed Annuity?Is it Worth it to Pay a Fee to Get a Higher Rate on an Indexed Annuity?
  • Learn
    • LearnIndustry expert insights on strategies and events, comprehensive alternatives education and training, research, and compliance.
    • –
      • Thought LeadershipA deep knowledge base of experts with wide-ranging industry commentaries.
      • AltsEdgeA comprehensive education program designed to support advisors in understanding and incorporating alternatives.
      • Alternatives DecodedExplore private market trends and data in an interactive chartbook.
    • –
      • VideosWatch industry leaders as they share insights on strategies and events.
      • iCapital InsightA leader in alternative investment research, education and compliance documentation.
      • ad-q1-2025-headerAlternatives Decoded – Q2 2025
        Interactive chartbook: Dive into private market data, trends, and insights.
  • Invest
    • Investment SolutionsThe iCapital operating system automates and streamlines private market investing while integrating with existing infrastructure. 
    • –
      • Private MarketsiCapital offers a curated menu of private market investment strategies to eligible investors. 
      • Hedge FundsAccess to single and multi-strategy hedge funds investing in multiple asset classes. 
      • Defined Outcome SolutionsBuild investments with pre-defined return and risk profiles across a range of objectives.
        • Structured InvestmentsCustomized profiles with diverse offerings, managed from inception to maturity.
        • Separately Managed AccountsProfessionally managed accounts offering comprehensive benefits.
        • m+ fundsDefined outcome ETFs with downside protection, enhanced upside, and daily liquidity.
    • –
      • iDirectGain exclusive access to private market investment opportunities.
      • AnnuitiesThe benefits and considerations of investing in annuities.
      • Research & Due DiligenceOpportunities supported by institutional-grade investment and operational due diligence. 
      • Model PortfoliosA modern solution, providing streamlined and user-friendly access to alternative investments.
      • oulook-clean-hero-posteriCapital 2025 Market Outlook
        Solid Underpinnings and Plenty of Wild Cards
  • Company
    • CompanyiCapital powers the world’s alternative investment marketplace as a trusted technology partner.
    • –
      • About iCapitalOver 10 years of powering the world’s alternative investment marketplace.
      • Who We Serve
        • Asset ManagersReach more investors and streamline fund delivery and management.
        • Families and Family OfficesComprehensive solutions designed to meet the needs of wealthy families.
        • Institutional InvestorsComprehensive solutions for OCIOs, endowments, foundations, pensions, and sovereign wealth.
        • Wealth ManagersTechnology-enabled solutions for private market investments.
      • Client Spotlights
    • –
      • NewsroomRead our latest industry coverage and announcements.
      • EventsLearning, networking, and professional growth opportunities worldwide.
      • AmbassadorsAthletes excelling in their sports, inspiring and connecting with our community.
      • GlobalInternational reach, local expertise.
      • CareersJoin the iCapital Team.
      • Contact UsConnect with an expert.
      • iCapital® will Acquire Citi Wealth’s Alternative Investments Feeder Platform and will also Provide an End-to-End Technology Solution for All Alternative Investment StructuresiCapital® will Acquire Citi Wealth’s Alternative Investments Feeder Platform and will also Provide an End-to-End Technology Solution for All Alternative Investment Structures
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iCapital
Steve Houston
All Posts By or Pertaining To

Steve Houston

Steve is a Managing Director and Co-Head of iCapital Solutions. He is a member of the firm’s Management Committee and Operating Committee. Steve is responsible for overseeing the delivery of the iCapital technology and operating system suite of capabilities to the firm's enterprise clients, including wealth managers, asset managers, structured note issuers, and insurance carriers. Prior to joining iCapital, Steve was a partner of m+ funds, which was acquired by the firm. Previous roles have included Head of Americas Wealth Management at Barclays, and Co-Head of the Alternative Investments and Structured Investments business at Merrill Lynch. Steve earned a BA in economics from the University of Texas and an MBA from Columbia University. See full bio here.

Media

Perigon Wealth Management LLC Partners with iCapital® to Launch Investment Platform to Enhance Investment Opportunities in Alternatives for Clients

July 23, 2024
Media

How Technology is Helping Financial Advisors Allocate to Alts

May 29, 2024
Announcements

MassMutual and iCapital Unveil Platform to Expand and Centralize Access to Alternative Investments, Structured Notes and Annuities

May 10, 2024
Media

MassMutual and iCapital unveil expanded alts platform

May 9, 2024
Practice Management

Beyond 60/40

October 25, 2023
Practice Management

Beyond 60/40

September 25, 2023
Practice Management

Beyond 60/40

August 24, 2023
Practice Management

Beyond 60/40

July 27, 2023
Practice Management

Beyond 60/40

June 23, 2023
Practice Management

Beyond 60/40

May 26, 2023
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iCapital Platforms

  • Access Alts on Marketplace
  • Custom Platform Solution
  • Access SI & Annuities

Solutions

  • Investment Reporting
  • Document Center
  • Architect
  • DLT
  • Fund Master
  • Data and Reporting Services
  • Custom Platform Solution
  • iCapital Insight
  • Identity Solutions

Learn

  • Thought Leadership
  • AltsEdge
  • iCapital Insight
  • Videos
  • Alternatives Decoded

Invest

  • Private Markets
  • Hedge Funds
  • Defined Outcome Solutions
  • Structured Investments
  • Separately Managed Accounts
  • m+ funds
  • Annuities
  • iDirect
  • Research & Due Diligence
  • Model Portfolios

Company

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  • Events
  • Client Spotlights
  • Careers
  • Contact Us
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Close Menu
  • iCapital Platforms
    • iCapital PlatformsLearn, invest and manage alternative investments, structured notes and annuities with ease.
    • –
      • Access Alts on MarketplaceThe flagship iCapital platform connecting wealth managers and asset managers.
      • Access SI & AnnuitiesA dedicated platform to access education and investment opportunities.
    • –
      • Custom Platform SolutionWhite label solution to meet specific needs and objectives.
      • finding areas of convictioniCapital Market Pulse: Finding Areas of Conviction in an Uncertain Market Environment
  • Solutions
    • Technology SolutionsiCapital offers a full array of advanced solutions engineered for the complete alternative investment lifecyle.
    • –
      • Investment ReportingElevating the standard in performance reporting for alternative investments.
      • ArchitectA portfolio construction tool showing the impact of alternatives and structured investments.
      • Fund MasterA security master designed to centralize data management for alternative products.
      • iCapital InsightA leader in alternative investment research, education and compliance documentation.
      • Identity SolutionsThe leader in end-to-end reusable financial identity.
    • –
      • Document CenterExperience the future of document management today.
      • Custom Platform SolutionWhite label solution to meet specific needs and objectives.
      • DLTAn API-first distributed ledger technology platform.
      • Data and Reporting ServicesComprehensive asset reporting and data management services.
        • Alternative Data ManagementData processing and reporting for hard-to-track offline alternative investments.
        • Consolidated ReportingInvestment data and reporting services across all client asset classes, regardless of custody.
      • Is it Worth it to Pay a Fee to Get a Higher Rate on an Indexed Annuity?Is it Worth it to Pay a Fee to Get a Higher Rate on an Indexed Annuity?
  • Learn
    • LearnIndustry expert insights on strategies and events, comprehensive alternatives education and training, research, and compliance.
    • –
      • Thought LeadershipA deep knowledge base of experts with wide-ranging industry commentaries.
      • AltsEdgeA comprehensive education program designed to support advisors in understanding and incorporating alternatives.
      • Alternatives DecodedExplore private market trends and data in an interactive chartbook.
    • –
      • VideosWatch industry leaders as they share insights on strategies and events.
      • iCapital InsightA leader in alternative investment research, education and compliance documentation.
      • ad-q1-2025-headerAlternatives Decoded – Q2 2025
        Interactive chartbook: Dive into private market data, trends, and insights.
  • Invest
    • Investment SolutionsThe iCapital operating system automates and streamlines private market investing while integrating with existing infrastructure. 
    • –
      • Private MarketsiCapital offers a curated menu of private market investment strategies to eligible investors. 
      • Hedge FundsAccess to single and multi-strategy hedge funds investing in multiple asset classes. 
      • Defined Outcome SolutionsBuild investments with pre-defined return and risk profiles across a range of objectives.
        • Structured InvestmentsCustomized profiles with diverse offerings, managed from inception to maturity.
        • Separately Managed AccountsProfessionally managed accounts offering comprehensive benefits.
        • m+ fundsDefined outcome ETFs with downside protection, enhanced upside, and daily liquidity.
    • –
      • iDirectGain exclusive access to private market investment opportunities.
      • AnnuitiesThe benefits and considerations of investing in annuities.
      • Research & Due DiligenceOpportunities supported by institutional-grade investment and operational due diligence. 
      • Model PortfoliosA modern solution, providing streamlined and user-friendly access to alternative investments.
      • oulook-clean-hero-posteriCapital 2025 Market Outlook
        Solid Underpinnings and Plenty of Wild Cards
  • Company
    • CompanyiCapital powers the world’s alternative investment marketplace as a trusted technology partner.
    • –
      • About iCapitalOver 10 years of powering the world’s alternative investment marketplace.
      • Who We Serve
        • Asset ManagersReach more investors and streamline fund delivery and management.
        • Families and Family OfficesComprehensive solutions designed to meet the needs of wealthy families.
        • Institutional InvestorsComprehensive solutions for OCIOs, endowments, foundations, pensions, and sovereign wealth.
        • Wealth ManagersTechnology-enabled solutions for private market investments.
      • Client Spotlights
    • –
      • NewsroomRead our latest industry coverage and announcements.
      • EventsLearning, networking, and professional growth opportunities worldwide.
      • AmbassadorsAthletes excelling in their sports, inspiring and connecting with our community.
      • GlobalInternational reach, local expertise.
      • CareersJoin the iCapital Team.
      • Contact UsConnect with an expert.
      • iCapital® will Acquire Citi Wealth’s Alternative Investments Feeder Platform and will also Provide an End-to-End Technology Solution for All Alternative Investment StructuresiCapital® will Acquire Citi Wealth’s Alternative Investments Feeder Platform and will also Provide an End-to-End Technology Solution for All Alternative Investment Structures
  • iCapital Platforms
    • Access Alts on Marketplace
    • Custom Platform Solution
    • Access SI & Annuities
  • Solutions
    • Investment Reporting
    • Document Center
    • Architect
    • DLT
    • Fund Master
    • Data and Reporting Services
      • Alternative Data Management
      • Consolidated Reporting
    • Custom Platform Solution
    • iCapital Insight
    • Identity Solutions
  • Learn
    • Thought Leadership
    • Videos
    • AltsEdge
    • iCapital Insight
    • Alternatives Decoded
  • Invest
    • Private Markets
    • Hedge Funds
    • Defined Outcome Solutions
      • Structured Investments
      • Separately Managed Accounts
      • m+ funds
    • Annuities
    • iDirect
    • Research & Due Diligence
    • Model Portfolios
  • Company
    • About iCapital
    • Who We Serve
      • Asset Managers
      • Families and Family Offices
      • Institutional Investors
      • Wealth Managers
    • Global
    • News
    • Events
    • Ambassadors
    • Client Spotlights
    • Careers
    • Contact Us