iCapital Network Raises Financing Round from Blackstone
Summary
iCapital Network , a NYC-based financial technology platform for alternative investments, is raising a financing round of undisclosed amount.Led by Lawrence Calcano, Chief Executive Officer, iCapital Network is a financial technology platform for alternative investments with complete tech-based solutions for investors, advisors and asset managers.The firm’s flagship platform offers 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.Banks and asset managers leverage its tech-enabled services to streamline and scale their private investments operational infrastructure.As of June 30, 2018, iCapital serviced more than $6 billion in invested capital across more than 14,000 underlying accounts.