MILAN, ZURICH – Mediobanca Private Banking, the Mediobanca division serving High Net Worth Individual clients, and iCapital,1 the leading global fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries, announce a partnership to further enrich Mediobanca Private Banking’s private markets investment offering for High Net Worth clients.
Through this partnership, Mediobanca Private Banking will be able to leverage iCapital’s technology and solutions to grant its clients access to a broad range of private markets initiatives within private equity, private debt and real assets and enhance the operational efficiency of the entire investment process in these segments.
iCapital’s technology and solutions, digitize and automate the full lifecycle of private market investments whilst significantly reducing the operational difficulties and the many manual, paper-based transaction processes that advisors and their clients have historically faced when investing in this asset class. In addition, iCapital provides Mediobanca Private Banking with a full suite of research, due diligence, and educational materials to support the growing interest of its clients in alternative investing.
“We have a clear ambition to provide our clients with broader access to private markets strategies. This is of strategic importance in the current scenario, in which the economy is increasingly being built in private markets”, said Angelo Viganò, Head of Mediobanca Private Banking. “Our partnership with iCapital will enable us to benefit from the best technologies and services to support our growth in this segment”.
“Wealth Managers are increasingly looking to alternative investments as a way of helping their clients improve their financial outcomes. We are extremely pleased to partner with Mediobanca Private Banking in its ambition to be at the forefront of expanding access to private markets,” said Marco Bizzozero, Head of International at iCapital. “This partnership demonstrates that iCapital is the partner of choice for wealth managers as they make private markets a strategic priority and a key component in diversifying clients’ portfolios.”
About Mediobanca Private Banking
Mediobanca Private Banking is the Mediobanca division serving High Net Worth Individual clients. With its ability to develop top-end asset management services, the division today is a strategic driver of the Group’s growth in Wealth Management. Its footprint in Italy consists of over 80 bankers and 11 branches, and the division offers an exclusive Private & Investment Banking service in synergy with Mediobanca’s Corporate & Investment Banking services provided to mid-corporate clients. This approach enables the Bank to help its clients, many of whom are entrepreneurs, to manage all their financial needs by capitalizing on the Group’s experience in advisory and capital markets business as well. In the last two years, the division has strengthened its positioning in illiquid assets through private markets funds and by promoting club deals.
For additional information, please visit Mediobanca’s website at www.mediobanca.com.
Founded in 2013 in NYC, iCapital is the leading global fintech company powering the world’s alternative investment marketplace. It has transformed the way the wealth management, banking, and asset management industries facilitate access to private markets investments for their high-net-worth clients by providing intuitive, end-to-end technology and service solutions. Wealth management firms use iCapital’s solutions to provide clients with quality funds at lower minimums and simplified digital workflows. Asset managers, RIAs, and banks leverage iCapital’s technology to streamline and scale their alternative investments operational infrastructure. Additionally, the iCapital ‘flagship’ platform offers wealth advisors and their high-net-worth clients access to a curated menu of private equity, private credit, hedge funds, structured notes, and other alternative investments to help meet their investing needs for return and diversification. iCapital’s research and diligence team offers robust analysis alongside the firm’s extensive suite of advisor education, compliance, portfolio management, and portfolio analytics tools and services. iCapital has been recognized on the Forbes FinTech 50 list in each year 2018 through 2022, the Forbes America’s Best Startup Employers in 2021 and 2022, and MMI/Barron’s Industry Awards as Solutions Provider of the Year in 2020 and 2021. As of May 31, 2022, iCapital services more than US$130 billion in global client assets, of which more than US$30 billion are from international investors (non-US Domestic), across more than 1,000 funds. Employing more than 800 people globally, iCapital is headquartered in NYC and has offices worldwide including in Zurich, London, Lisbon, Hong Kong, Singapore, and Toronto.
For additional information, please visit the iCapital website at icapital.com | LinkedIn: https://www.linkedin.com/company/icapital-network-inc | Twitter: @icapitalnetwork
See disclosures here.
For Mediobanca Private Banking media inquiries, please contact:
Simona Rendo – [email protected]
tel. +39-02-8829 914 – +39 3463130647
For iCapital media inquiries, please contact:
+1 (919) 602-2806
(1) Institutional Capital Network, Inc. and its affiliates (together, “iCapital”)