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NEW YORK, NY–( – iCapital Network today announced that the firm has been named “Best Fund Product for HNW Clients” at the 2017 Private Asset Management (PAM) Awards. iCapital is a financial technology platform focused on democratizing access to alternative investments for high-net-worth investors and their advisors.

The Private Asset Management Awards-presented by Private Asset Management magazine-recognize excellence in the wealth management industry. For the category of Best Fund Product for HNW clients, PAM evaluates commercial success and business growth, demonstration of increase of wealth manager clients, demonstration of product innovation, and positive client feedback via submitted testimonials.

This year, PAM’s panel of independent judges received and considered a record number of entries before announcing the final winners, including iCapital, at an award ceremony held Monday, February 13. iCapital Network’s co-founder Dan Vene and CEO Lawrence Calcano accepted the “Best Fund Product for HNW Clients” award in-person at the ceremony.

“We are honored to be recognized for our achievements in empowering HNW clients to access alternative investments,” said Lawrence Calcano, Chief Executive Officer of iCapital Network. “iCapital’s seamless offering has been the cornerstone of our extraordinary growth, and this award underscores the value of our platform to the HNW community.”

Individual investors remain significantly under-allocated to alternative investments relative to institutional investors, but are increasingly exploring the critical role alternatives can play in state-of-the-art portfolio construction. iCapital’s online platform facilitates access to private investment opportunities through an independent origination and due diligence process that prioritizes quality offerings from an array of managers, and provides an end-to-end technology solution automating the unique subscription, administration, and reporting processes of alternative investments.

iCapital introduced its online platform two years ago and currently services more than $2 billion in assets for approximately 3,000 investors across more than 40 private offerings. Its member network is comprised of approximately 1,500 qualified investors and advisory professionals who collectively oversee more than $1.7 trillion in investable client assets.

About The PAM Awards

The PAM Awards (“PAMA”) are awarded annually by Private Asset Management, a financial services industry publication of Pageant Media. PAMA invites firms to compete for awards in several categories by providing answers regarding their business model, services offered, growth in client count and assets managed, countries of operation, service innovation, and performance. In addition, PAMA permits firms to provide additional information of their choosing in support of their candidacy. A panel of independent industry experts selects the nominees and winners based on a number of qualitative and quantitative performance indicators. PAMA does not release statistics on the number of firms competing. Nomination or receipt of a PAMA is not necessarily indicative of any particular client’s experience or a guarantee that the firm will perform in the future as it did during the period evaluated by PAMA.

About iCapital Network

iCapital Network is a financial technology platform that provides modular alternative investment solutions for registered investment advisors, broker-dealers, private banks, family offices and other sophisticated investors. The state-of-the-art online portal offers a curated selection of private equity funds and hedge funds, extensive due diligence support, an automated subscription process and integration with a wide range of custodial platforms and reporting packages. The firm’s customizable technology and specialized suite of services is also used by asset managers and financial institutions to streamline and automate their private fund operations.

For additional information, please visit the Company’s website at | LinkedIn: | Twitter: @icapitalnetwork

For iCapital Network media inquiries, please contact

Emma Murphy
Tel 718-875-4545
Cell 347-968-6800
[email protected]

Morgan Cretella
Tel 718-875-7606
Cell 919-602-2806
[email protected]

Disclosures: 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. Past performance is not indicative of future results. Alternative investments are complex, speculative investment vehicles and are not suitable for all investors. An investment in an alternative investment entails a high degree of risk and no assurance can be given that any alternative investment fund’s investment objectives will be achieved or that investors will receive a return of their capital. The information contained herein is subject to change. The award referenced herein makes no guarantee as to future performance and may not be representative of a platform user’s experience Securities may be offered through iCapital Securities, LLC, a registered broker dealer, member of FINRA and SIPC and subsidiary of Institutional Capital Network, Inc. iCapital is a registered trademark of Institutional Capital Network, Inc. All rights reserved.