iCapital Achieves Record $820M Capital Raise, Surges to $7.5 Billion Valuation

Summary:

1. iCapital, a NYC-based fintech company, raised over $820M in its latest financing round, reaching a valuation of over $7.5 billion.
2. The funding was co-led by T. Rowe Price Associates, Inc. and SurgoCap Partners to support strategic acquisitions and enhance the advisor and client experience.
3. iCapital offers a variety of non-traditional investment products and services to financial advisors, wealth managers, and asset managers globally.

   Article:

   iCapital, a financial technology company based in New York City, has recently secured over $820 million in its latest financing round, pushing its valuation to over $7.5 billion. This funding round was co-led by accounts advised by T. Rowe Price Associates, Inc. and SurgoCap Partners, demonstrating strong support from prominent investors in the industry. The primary goal of this funding is to fuel strategic acquisitions that will enhance the overall experience for both advisors and clients, as well as enable asset managers to broaden their reach and attract a more diverse range of investors.

   Led by CEO Lawrence Calcano, iCapital is a fintech platform that caters to financial advisors, wealth managers, and asset managers, offering a wide array of non-traditional investment products through its iCapital Marketplace, Enterprise Solutions, and Technology and Data Services. These offerings are designed to drive better outcomes for all participants in the financial ecosystem. With $945 billion of assets serviced globally, including substantial amounts in alternative platform assets, structured investments, and client assets, iCapital has established itself as a key player in the industry. The company serves over 3,000 wealth management firms and more than 114,000 active financial professionals worldwide.

   Operating on a global scale with offices in major financial hubs such as Zurich, London, Hong Kong, Singapore, Tokyo, and Toronto, iCapital also boasts an industry-leading research and development center in Lisbon. This strategic positioning allows the company to cater to a diverse range of clients and partners across different regions. Overall, iCapital’s commitment to innovation and excellence in the fintech sector has solidified its position as a leader in the industry, with a strong focus on providing valuable solutions and services to its clients and partners.

   In conclusion, iCapital’s recent funding success and strategic direction underscore its dedication to driving innovation and growth in the financial technology space. With a strong foundation and a clear vision for the future, iCapital is well-positioned to continue its expansion and impact in the industry, ultimately benefiting advisors, clients, and asset managers alike.