Blackstone backs fintech platform iCapital Network
Summary
It is designed to overcome many of the long-standing challenges of investing in alternatives by using technology to streamline access, ease operational burdens, and improve the user experience, enabling iCapital’s partners to provide the highest level of service to their clients.“Blackstone invests in companies that develop innovative technologies to solve real-world problems and iCapital has quickly built a reputation for its ability to drive efficiencies into one of the most challenging areas of the wealth advisory business,” said Joan Solotar, Senior Managing Director and Head of Private Wealth Solutions at Blackstone.iCapital Network is the financial technology platform democratizing alternative investments with complete tech-based solutions for investors, advisors and asset managers.The firm’s flagship platform offers high-net-worth investors and independent wealth advisors 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.iCapital was included in the 2018 Forbes FinTech 50 and as of June 30, 2018, serviced more than $6 billion in invested capital across more than 14,000 underlying accounts.