iCapital Network1, the leading financial technology platform setting the industry standard for access and efficiency in alternative investing, today announced it has been named to the 2020 Forbes Fintech 50 list, marking the third year in a row that Forbes has recognized iCapital as an innovator.
The Forbes Fintech 50 list highlights the top 50 private financial technology companies making industry-changing innovation across the areas of B2B lending, blockchain and bitcoin, insurance, investing, payments, personal finance, real estate, and Wall Street and enterprise. The listed companies are selected from among hundreds of nominations over a months-long review process by a team of Forbes reporters and editors.
“It’s an honor to be recognized by Forbes on the Fintech 50 list for three years running. Our technology is redefining the alternative investing industry by bringing operational efficiencies and new opportunities for all players – financial advisors, their clients, and fund managers,” said Lawrence Calcano, Chief Executive Officer of iCapital Network. “I’m thankful for our team and the community of partners that have contributed to our growth and success in the last year, and we’re excited to continue developing solutions that benefit the entire industry.”
The iCapital platform was designed to meet the continually evolving needs of all industry participants: advisors across distribution channels who need simplified, tech-enabled investment processes to help incorporate alternative investments in their clients’ portfolios; asset managers looking to scale their fundraising efforts; and mission critical infrastructure providers such as administrators, custodians and transfer agents.
iCapital’s technology can be utilized through the flagship platform, which facilitates access to private investment opportunities through an independent origination and due diligence process that prioritizes quality offerings from an array of managers, and automates the unique subscription, administration, and reporting processes of alternative investments. It can also be used via a custom branded platform solution that seamlessly integrates with existing ecosystems to enhance the alternative investing experience in the retail channel.
iCapital has solidified its position as the alternative investing platform of choice with more than $46.6 billion in invested capital serviced on the platform across approximately 470 funds, 100,000 underlying accounts, and 55 white label partners. This represents a more than 400% increase in assets serviced by the platform over the past year.
Additionally, iCapital developed new partnerships to bring its technology solution to fund managers and investment advisors across distribution channels. In 2019, iCapital penned agreements with Janney Montgomery Scott, Personal Capital, PIMCO, Schwab Advisor Services, State Street and United Capital. iCapital also partnered with Nasdaq Private Market to offer liquidity solutions to advisors and their high-net-worth clients by creating an integrated secondary marketplace for iCapital sponsored funds through the NPM platform. The iCapital team has nearly doubled its headcount to 218 employees.
About iCapital Network
iCapital Network’s mission is to power the world’s alternative investment marketplace. Its financial technology platform has transformed the way alternative investments are bought and sold through the development of tech-based solutions for advisors, their high-net-worth client base, asset managers and banks. The firm’s flagship platform offers advisors and their clients access to a curated menu of private equity and hedge funds at lower minimums with a full suite of due diligence and administrative support in a secure digital environment. Asset managers and banks leverage iCapital’s tech-enabled services to streamline and scale their private investments operational infrastructure. iCapital was recognized in the 2018, 2019 and 2020 Forbes FinTech 50 which highlights the top 50 innovative financial technology companies that are transforming finance through technology. As of December 31, 2019, iCapital services more than $46.6 billion in invested capital across more than 100,000 underlying accounts.
For additional information, please visit iCapital’s website at www.icapitalnetwork.com | LinkedIn: https://www.linkedin.com/company/icapital-network-inc | Twitter: @icapitalnetwork
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 Institutional Capital Network, Inc. or its affiliates (together “iCapital Network” or “iCapital”). Past performance is not indicative of future results. Alternative investments such as those described 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 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. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. Inclusion in the Forbes FinTech 50 list makes no guarantee to future performance and may not be representative of a platform user’s experience. Awards, rankings and/or recognition by unaffiliated rating services and/or publications should not be construed by a client or prospective client as a guarantee that he or she will experience a certain level of results if iCapital Network is engaged, nor should it be construed as a current or past endorsement of iCapital Network by any of its clients. Securities may be offered through iCapital Securities, LLC, a registered broker dealer, member of FINRA and SIPC and subsidiary of iCapital Network.
iCapital and iCapital Network are registered trademarks of Institutional Capital Network, Inc. All rights reserved.
1 Institutional Capital Network, Inc. and its affiliates (herein “iCapital Network”, “iCapital” or “the Company”)