NEW YORK, April 24, 2017 /PRNewswire/ -- iCapital Network, a financial technology platform focused on democratizing access to alternative investments for the high-net-worth community, announced today the expansion of its platform to offer investment opportunities and support to accredited investors.
As part of the roll-out, iCapital has enhanced the functionality of its technology platform to allow for the onboarding and servicing of accredited investors — in addition to its offerings for qualified purchasers — with the platform featuring alternative investment products specifically tailored for each investor base.
The accredited investor market, which is estimated to be ten times the size of the qualified purchaser market, has a burgeoning appetite for alternative investments and the important role they play in diversifying a portfolio. The large and growing high-net-worth market is also a critical source of capital for alternative asset managers.
iCapital introduced its online platform over two years ago and as of March 31, 2017, services more than $2 billion in assets for approximately 3,000 investors across more than 40 private offerings. Its member network is comprised of approximately 1,500 qualified investors and advisory professionals who collectively oversee more than $1.7 trillion in investable assets.
This enhancement unlocks the opportunity for the broader high-net-worth market to access a curated selection of alternative investments on the iCapital platform, which includes private equity, private credit, venture capital, real estate and a diverse selection of hedge funds. iCapital also provides extensive due diligence and educational support for the affluent investor and financial advisor communities.
"We recognize the growing appetite from a widening set of investors for alternative investments, and this expansion marks our commitment to providing individual investors with the tools they need to thoughtfully construct diversified, institutional-quality portfolios," said Lawrence Calcano, Chief Executive Officer of iCapital Network.
"Extending our offering to accredited investors is another important milestone as we continue to augment our capabilities and give the high-net-worth community the access and choice they are seeking," said Eileen Duff, Managing Partner and Head of Distribution for iCapital.
iCapital's internal due diligence team will apply the same rigorous process used to curate the platform's qualified purchaser offerings as it builds out a suite of products available to accredited investors.
"Since iCapital's inception, our focus has been the democratization of institutional-quality alternative investments. We look forward to continuing our conversations with the general partner community on an expanded range of alternative products as we develop our accredited offerings, while retaining the high standards we have set for the platform to date," said Nick Veronis, iCapital Co-Founder, Managing Partner and Head of Origination and Due Diligence.
About iCapital Network
iCapital Network is a financial technology platform that provides modular alternative investment solutions for registered investment advisors, broker-dealers, private banks, family offices and other sophisticated investors. The state-of-the-art online portal offers a curated selection of private equity, venture capital, credit, real estate and hedge funds, extensive due diligence support, an automated subscription process and integration with a wide range of custodial platforms and reporting packages. The firm's customizable technology and specialized suite of services is also used by asset managers and financial institutions to streamline and automate their private fund operations. For additional information, please visit the Company's website at www.icapitalnetwork.com | LinkedIn: https://www.linkedin.com/company/icapital-network-inc | Twitter: @icapitalnetwork
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 offered by iCapital. Past performance is not indicative of future results. Alternative investments 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. The award referenced herein makes no guarantee as to future performance and may not be representative of a platform user's experience Securities may be offered through iCapital Securities, LLC, a registered broker dealer, member of FINRA and SIPC and subsidiary of Institutional Capital Network, Inc. iCapital is a registered trademark of Institutional Capital Network, Inc. All rights reserved.
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SOURCE iCapital Network