NEW YORK — iCapital1, the leading global fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries, announced today it has been included in the annual Forbes Fintech 50 list. This marks the fifth year in a row iCapital has been recognized by Forbes as a top innovator among financial technology firms.
The Forbes Fintech 50 list highlights the year’s most innovative private companies in personal finance, investing, payments, and crypto. iCapital is featured as one of four firms driving the Future of Investing. The 50 ranked companies are chosen from hundreds of nominations through a comprehensive review process by a team of Forbes editors and reporters that entails interviews with investors, industry analysts, entrepreneurs, and executives to evaluate each submission. Criteria include a demonstrated impact on the industry through cost reduction or improvements in efficiency and/or access to financial services. The judges also look for growth outpacing the competitive set over the last year.
As the Forbes editorial team noted, “The explosive popularity of alternative investments has fueled staggering growth for New York City-based iCapital, which returns to Forbes’ Fintech 50 for the fifth-straight year after nabbing $500 million from investors in 2021.”
“Congratulations to the entire team at iCapital for being named to the Forbes Fintech 50 yet again,” said Lawrence Calcano, Chairman and Chief Executive Officer of iCapital. “Our team’s passion for technical innovation and commitment to one another motivate us to deliver exceptional solutions for our clients.”
Over the past year, iCapital has made a series of acquisitions and launches to expand its technical capabilities, broaden the menu of investment opportunities offered on its platform, and continue to lead the industry in developing solutions to overcome barriers to efficiency and adoption. Earlier this year, it led the creation of an industry consortium dedicated to developing distributed ledger technology for next-generation alternative processing and digital solutions. In May of this year, iCapital announced that it agreed to acquire SIMON markets, a leading marketplace for structured investments, annuities, and risk-managed solutions.
iCapital’s most recent fundraising round in December 2021 valued the company in excess of $6 billion. It has a deep investor base aligned with iCapital’s industry-standard technology solution for facilitating private wealth channel access to alternative investments, including Affiliated Managers Group, Apollo, BlackRock, Blackstone, BNY Mellon, The Carlyle Group, Citi Ventures, Credit Suisse, Goldman Sachs Asset Management, Golub Capital, Hamilton Lane, JPMorgan Chase, KKR, Morgan Stanley, MSD Partners, Noah Holdings, Owl Rock, Ping An Voyager Partners, Pivot Investment Partners, Temasek, UBS, Wells Fargo and WestCap.
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 investments, and other alternatives 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.
iCapital Media Contacts
Morgan Miller / Emma Murphy
919-602-2806 / 347-968-6800
(1) Institutional Capital Network, Inc. and its affiliates (together, “iCapital”)