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NEW YORK iCapital1, the global fintech platform driving access to alternative investments for the wealth management industry, announced today it has been included in the annual Forbes Fintech 50 list. This marks the sixth 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, insurance, payments, real estate, banking, and crypto. iCapital is featured as one of just three firms driving the Future of Investing category, and it is the only company to be recognized in the investing space for six years running.

To select the 50 ranked companies, the Forbes team of reporters and editors evaluated hundreds of companies, analyzing everything from product originality and customer and revenue growth to leadership team diversity. Forbes also interviewed CEOs and industry insiders. To be considered, companies must be based or have substantial operations in the U.S., and the judges also look for growth outpacing the competitive set over the last year.

As the Forbes editorial team commented, “iCapital is still seeing massive growth thanks to the explosive popularity of alternative investments.” Forbes noted the iCapital platform “is now used by about 97,000 financial advisors serving hundreds of thousands of high-net-worth individuals, who are increasingly coming from outside the U.S.”

“It’s an honor to be recognized for the transformative work iCapital is doing with our partners and clients to help the industry meet the growing demand for alternative investments,” said Lawrence Calcano, Chairman and CEO of iCapital. “Congratulations to the entire iCapital team for its commitment to providing innovative technology solutions that help drive our clients’ success and deliver better outcomes for the industry.”

Forbes notes that the past year was particularly challenging for many fintech startups. With stock prices for publicly traded fintech companies off an average of 60% from their peak, private funding plummeted too – in 2022, venture capitalists invested $75 billion globally in fintech companies, down from $140 billion in 2021, according to CB Insights.

Yet iCapital continued to grow with the support of the world’s largest financial institutions as strategic investors. Over the past year, iCapital expanded its global team, technology advancements, and industry partnerships to further enhance access to alternative investments.

As a result of its innovation, iCapital’s technology and services stand out as the industry-preferred platform. In the last year, iCapital established itself in LATAM, Italy, and France and forged or expanded partnerships with firms including Ardian, Ares, AXA, Golub, Insigneo, Mediobanca, Morgan Stanley, Tikehau, and Unicorn.

Alongside organic growth, the firm also made two strategic acquisitions. iCapital completed its acquisition of SIMON Markets, a leading advisor platform for structured investments, annuities, and risk-managed solutions. iCapital also announced its acquisition of UBS’s legacy US alternative investment manager and the feeder fund platform it manages.

About iCapital

Founded in 2013, iCapital is the leading global fintech company powering the world’s alternative investment marketplace. iCapital has transformed how 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; education tools and resources; and robust diligence, compliance, and portfolio analytics capabilities. iCapital’s solutions enable organizations to streamline and scale their operational infrastructure for alternative investments and to provide access to direct investments and feeder funds at lower minimums through simplified digital workflows.

iCapital-managed platforms offer wealth advisors and their clients access to an extensive menu of private investments, including equity, credit, real estate, infrastructure, hedge funds, structured investments, annuities, and risk-managed solutions. iCapital has been recognized on the Forbes Fintech 50 list each year from 2018 to 2023, the Forbes America’s Best Startup Employers in 2021, 2022, and 2023, and MMI/Barron’s Industry Awards as Solutions Provider of the Year in 2020, 2021, and 2022.

As of April 30, 2023, iCapital services over $157 billion in global client assets, of which nearly $30 billion are from international investors (non-US Domestic) across more than 1,270 funds. Employing more than 1,130 people globally, iCapital is headquartered in NYC and has offices worldwide, including in Zurich, London, Lisbon, Hong Kong, Singapore, and Toronto.

For more information, visit  | Twitter: @icapitalnetwork  | LinkedIn:

iCapital Media Contacts
Morgan Miller / Emma Murphy
919-602-2806 / 347-968-6800
[email protected]

1. iCapital, Inc., and its affiliates (together, “iCapital”)

The material herein has been provided to you for informational purposes only by iCapital, Inc. (“iCapital”). This material is the property of iCapital and may not be shared without the written permission of iCapital. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission of iCapital.

This material is provided for informational purposes only and is not intended as, and may not be relied on in any manner as legal, tax or investment advice, a recommendation, or as an offer to sell, a solicitation of an offer to purchase or a recommendation of any interest in any fund or security offered by iCapital. You should consult your personal accounting, tax and legal advisors to understand the implications of any investment specific to your personal financial situation. This material does not intend to address the financial objectives, situation or specific needs of any individual investor. Alternative investments are complex, speculative investment vehicles and are not suitable for all investors.

The information contained herein is an opinion only, as of the date indicated, and should not be relied upon as the only important information available. Any prediction, projection or forecast on the economy, stock market, bond market or the economic trends of the markets is not necessarily indicative of the future or likely performance. The information contained herein is subject to change, incomplete, and may include information and/or data obtained from third party sources that iCapital believes, but does not guarantee, to be accurate. iCapital considers this third-party data reliable, but does not represent that it is accurate, complete and/or up to date, and it should not be relied on as such. iCapital makes no representation as to the accuracy or completeness of this material and accepts no liability for losses arising from the use of the material presented. No representation or warranty is made by iCapital as to the reasonableness or completeness of such forward looking statements or to any other financial information contained herein.

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Alternative investment products and services may be offered through iCapital Securities, LLC. Structured investment products and services may be offered through Axio Financial LLC and/or SIMON Markets LLC. iCapital Securities LLC, Axio Financial LLC, and SIMON Markets LLC are each a registered broker/dealer, member FINRA and SIPC, and an affiliate of Institutional Capital Network, Inc. (“iCapital”). Alaia Capital LLC, an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”), acts as a portfolio consultant to m+ funds and is an affiliate of iCapital. Outcome Driven Strategies, LLC and Cornerstone Advisory, each an investment adviser registered with the SEC, provide investment advisory services for the structured investment separately managed accounts described herein. Outcome Driven Strategies, LLC is jointly owned by Axio Advisors LLC and Cornerstone Advisory (not affiliated with iCapital).

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