NEW YORK, NY – iCapital Network, a financial technology platform that provides access to alternative investments for qualified investors and their wealth advisors, today announced it exceeded $300 million in investment commitments in 2015, the firm’s first full year conducting business.
“As demand from wealth advisors, financial intermediaries, family offices and high-net-worth investors for alternative investments continues to flourish, so too does the iCapital offering,” said Lawrence Calcano, managing partner of iCapital Network.
In 2015, the firm processed commitments across 11 feeder funds, providing streamlined, low minimum access to private equity, credit, real estate and venture capital funds for more than 500 underlying investors.
“In just one year, we’ve made extraordinary progress expanding our network of qualified investors, enhancing the platform with new features and interesting offerings, and forging large-scale distribution partnerships that collectively form a critical foundation for our continued advancement and growth,” said Mr. Calcano.
A Network of Sophisticated Investors
Since iCapital’s official launch fifteen months ago, it has significantly expanded its base of clients attracting more than 750 registered members with aggregate investable assets of more than $1.3 trillion. The rapidly growing network includes broker-dealer platforms, private banks, more than 100 family offices and nearly 250 of the largest wealth management firms in the industry, many of whom represent thousands of individual high-net-worth investors who increasingly want to allocate capital to alternative investments and in the process, want an evolving menu of competitive investment offerings.
End-to-End Technology Solution
The firm’s industry-leading alternative investments platform includes the following features:
• Curated Menu of Private Investments – access to in-demand private equity, credit, real estate and venture capital funds with investment minimums as low as $100,000;
• Institutional-Quality Research – a robust set of analytical tools including in-depth diligence reports, fund presentations, benchmarking tools and data in order to evaluate the investment merits of a given fund;
• Simplified Execution – seamless process allowing users to reserve client commitments, efficiently generate pre-filled subscription documents, collect electronic signatures and manage capital calls;
• Client-Friendly Reporting – easy-to-understand reports clearly indicating capital called, remaining capital calls and value of investments; and
• Exclusive Video Feeds – hear directly from fund managers about their strategies, track records, deal sourcing, competitive landscape and case studies.
“From a technology standpoint, our goal is to provide a truly streamlined, intuitive and transparent platform so that advisors can do what they do best, which is focus on their client portfolios,” said Dan Vene, co-founder and managing partner of iCapital Network. “We continue to make sizable, ongoing investments to ensure the performance and integrity of our technology platform with a particular emphasis on client data security and solution flexibility.”
In 2015, iCapital entered into a number of key partnerships with leading wealth advisory organizations to deliver a customized selection of private investments and a full suite of processing and administrative support. These relationships underscore the increasing appetite for alternative investments from the high-net-worth market and the need for comprehensive, streamlined access, administration and reporting.
“Our platform can help a thriving advisory practice scale and grow by improving and automating what has historically been a labor-intensive process to source and invest in quality alternative funds,” said Nick Veronis, co-founder and managing partner of iCapital Network. “An important part of our appeal to wealth advisors is the access we provide to well-established private equity fund managers and we are looking forward to expanding our exclusive product offerings in 2016. In the process, we’ve become a trusted partner of more and more CIOs within the wealth advisor community, and that’s a very rewarding experience.”
About iCapital Network
iCapital Network provides a financial technology platform that bridges HNW investment capital with private investment opportunities. The comprehensive investment platform provides qualified investors, advisors and family offices with powerful research tools, comprehensive diligence support and access to a curated selection of private equity funds and hedge funds. Additionally, the platform streamlines and automates administrative and reporting requirements such as fund commitments, capital calls, distributions, tax reporting and fund statements. Visit icapital.com for more information.
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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 described herein. Past performance is not indicative of future results. All of the products described, including any products made available to clients of iCapital, are private placements that are sold only to qualified clients of iCapital through transactions that are exempt from registration under the Securities Act of 1933 pursuant to Rule 506(b) of Regulation D promulgated thereunder (“Private Placements”). An investment in any product issued pursuant to a Private Placement, such as the funds described, 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. Further, such investments are not subject to the same levels of regulatory scrutiny as publicly listed investments, and as a result, investors may have access to significantly less information than they can access with respect to publicly listed investments. Prospective investors should also note that investments in the products described are speculative, involve long lock-ups and do not provide investors with liquidity. The information contained herein is as of the date provided, is subject to change and is also incomplete. This industry information and its importance is an opinion only and should not be relied upon as the only important information available. Securities offered through iCapital Securities, LLC, a registered broker dealer, member of FINRA and SIPC and subsidiary of Institutional Capital Network, Inc. These registrations and memberships in no way imply that the FINRA or SIPC have endorsed the entities, products or services discussed herein. Additional information available upon request. All rights reserved.