ICapital
| Company type | Private |
|---|---|
| Industry | Financial technology, Alternative investments |
| Founded | January 1, 2013 in New York City, United States |
| Headquarters | New York City , United States |
Area served | Global |
| Products | Alternative investment platform solutions |
| Website | icapitalnetwork |
Institutional Capital Network, Inc (operating under the name iCapital) is a United States-based fintech firm that offers platform solutions focused on alternative investment opportunities within the private markets sector.
Background
Established in New York in 2013, iCapital’s mission centers on expanding the availability of alternative investment options.[1][2]
The company has grown by acquiring various bank platforms, including HedgeFocus from Credit Suisse in 2016, Deutsche Bank’s US private equity access fund platform in 2017, the alternative investment feeder fund operations of Bank of America in 2019, and Wells Fargo’s Global Alternative Investments feeder fund platform in 2020.[3][4][5]
In 2016, BlackRock invested in iCapital and obtained an option to purchase the company within a two to five year timeframe. This agreement was revised in 2019 when BlackRock increased its minority ownership but relinquished the option for full acquisition, thereby supporting iCapital’s path as an independent entity.[1]
As of February 2024, more than 100,000 financial advisors were utilizing iCapital’s platform to access offerings from 560 asset management firms.[6]
In April 2024, iCapital expanded its capabilities by acquiring Mirador, a fintech company specializing in data aggregation to improve reporting functionalities.[7] The same month marked the introduction of iCapital Marketplace in Hong Kong and Singapore.[8]
In May 2025, iCapital reached an agreement to purchase Citigroup's wealth alternatives division, which includes over 180 funds spanning private equity, infrastructure, hedge funds, and private credit. Citi will maintain its role as distributor and client advisor; financial details were not disclosed.[9] That year also saw iCapital’s valuation rise to $7.5 billion.[10]
iCapital’s platforms streamline access to alternative investments that have traditionally been limited to institutional investors due to regulatory and complexity barriers.[2][11] The firm invests directly in private funds and aggregates allocations into more accessible investment vehicles.[3]
The company counts prominent financial institutions such as JPMorgan Chase, Morgan Stanley, BlackRock, Fidelity Investments, and Blackstone Inc. among its investors and users of its technology platforms.[2][4][11]
External links
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<ref>tag; no text was provided for refs named:2 - ↑ Benjamin, Jeff (June 18, 2020). "Wells Fargo sells $3 billion alternatives platform to iCapital". Investment News.
- ↑ Thrasher, Michael (February 27, 2024). "Why Family Offices Have Little Interest in Alts Platforms". Institutional Investor.
- ↑ Deaton, Holly (April 3, 2024). "iCapital Is Acquiring Fintech Reporting Company Mirador". RIA Intel.
- ↑ Walker, Rupert (April 17, 2024). "iCapital launches alternatives platform in Hong Kong and Singapore". Fund Selector Asia.
- ↑ (May 13, 2025). "Citi to sell wealth alternatives unit to fintech firm iCapital". Reuters.
- ↑ Bhandari, Ateev (July 10, 2025). "Fintech iCapital valued at over $7.5 billion in latest fundraise amid private markets rush". Reuters.
- ↑ 11.0 11.1 Cite error: Invalid
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