iCapital Network Leverages U.S. Success to Accelerate International Growth
iCapital Network, the global financial technology platform driving access and efficiency in alternative investing for the asset and wealth management industries, announced a series of milestones in its expansion into the European and Asian markets. On the heels of high-profile client acquisitions and rapid organic asset growth within the U.S. market over the last 18 months reaching approximately US$65bn in client assets, iCapital has expanded its reach to serve a growing international client base with heightened interest in private market investments. iCapital currently has US$8bn2 from non-U.S. investors, making it one of the largest alternative investment platforms outside the U.S.
We are thrilled to welcome industry veterans Marco Bizzozero and Tom Slocock to the iCapital Network team to help lead the charge on building our global alternative investments marketplace
Portfolio allocations to alternative investments such as private equity, private credit, hedge funds, and real estate among non-U.S.-based investors have grown significantly in recent years3 with projected global allocations growing by eight percent annually from 2019-20244. With the appointment of two notable industry insiders as senior executives to lead iCapital’s international growth strategy, plans for new offices spanning Europe and Asia, and the agreed-upon acquisition of a 65-person technology team in Portugal, iCapital has expanded its global foothold to deliver its best-in-breed alternative investments platform to the international wealth and asset management community.
“iCapital’s latest international investments demonstrate our commitment to bringing the opportunities of private investments to international advisors and investors and fulfilling our mission of powering the global alternative investing ecosystem,” said Lawrence Calcano, Chairman and CEO of iCapital Network. “As appetite for private market investing continues to grow, our expanding team will deliver these strategies – powered by a robust technical infrastructure – to advisors and their clients across the globe.”