iCapital Network

wealthtech-retail

FOUNDING YEAR: 2013
LOCATION: United States
Last Update: 05/04/2021

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About

iCapital Networks mission is to power the worlds alternative investment marketplace. Its financial technology platform has transformed the way alternative investments are bought and sold through the development of tech-based solutions for advisors, their high-net-worth client base, asset managers and banks. The firms flagship platform offers advisors and their clients access to 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. Asset managers and banks leverage iCapital Networks tech-enabled services to streamline and scale their private investments operational infrastructure. iCapital was recognized in the 2018, 2019 and 2020 Forbes FinTech 50 which highlights the top 50 innovative financial technology companies that are transforming finance through technology. As of December 31, 2019, iCapital Network services more than $46.6 billion in invested capital across more than 100,000 underlying accounts.Visit www.icapitalnetwork.com for more information and follow us on Twitter @icapitalnetwork

MEDICI Analysis

iCapital Network is an online financial platform that democratizes alternative investments for high-net-worth individuals, advisors, private banks, brokers, etc. It enables qualified investors to search & analyze hundreds of private fund managers and gain direct access to the buyout, growth equity, real estate, infrastructure, real assets, and venture funds. It provides a turn-key solution to alternative asset managers that can aggregate millions of dollars from qualified investors through a single source. Recently, the company was selected for the 2019 Forbes FinTech 50 list.

Focus

PRODUCTS & SERVICES

The platform provides high-net-worth investors and their advisers' access to private equity and hedge funds. It provides investors with access to private equity & hedge fund managers and allows them to invest in funds. It also enables investors to understand established managers, analyze track records & other information, compare a manager’s performance against relevant benchmarks, review offering documents, and invest online through the platform.

MAIN CLIENTS

Investment advisors

broker-dealers

private banks

and family offices.

Traction

COMPANY TYPE:

For Profit

TRANSACTIONS VALUE:

$28 B in 2019

TRANSACTIONS COMMENT:

After the BoA's alternative investment unit acquisition, the asset's value will increase to $28 billion. (Feb. 2019)

ACTIVE USERS COMMENT:

The company reports that the investor accounts number will reach 70k (after the acquisition of Bank of America’s alternative investment feeder fund business.)

TRACTION COMMENT:

iCapital serviced more than $8 billion in invested capital across more than 14,000 investor accounts. (Dec. 2018)

People

FOUNDERS

Dan Vene

John Robertshaw

Phil Pool

Nick Veronis

BOARD MEMBERS AND ADVISORS

Dinkar Jetley

Frank Porcelli

Phil Pool

NUMBER OF EMPLOYEES

51-200

INVESTORS:

and Capstone Headwaters.

BlackRock

Blackstone

BNY Mellon

Credit Suisse

Eaton Partners

Evercore

Gen II Fund Services

Goldman Sachs

JP Morgan Chase

JPMorgan Chase & Co.

Monument Group

Morgan Stanley

Park Hill

Pivot Investment Partners

The Carlyle Group

UBS

Intralinks

Morgan Stanley Investment Management

Panorama Point Partners

UBS Wealth Management

Affiliated Managers Group

Blackstone Group

Hamilton Lane

Ping An Global Voyager Fund

WestCap

KEY EMPLOYEES:

Lawrence Calcano (CEO); Chris Piazza (Managing Director

CTO); Tom Fortin (Managing partner

COO); Hannah Grove (Managing Director

CMO); C

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

5

TOTAL FUNDING

$182.85 M

DATE OF LAST FUNDING

Mar 2020

IPO STATUS

Private

TOTAL FUNDING COMMENT

Third-party data sources reported that the company's total fund value is $80 million. (Nov. 2018)

ESTIMETED REVENUE RANGE

$10M to $50M

FUNDING SERIES

SERIES A  · $4 M  · Jun 2013

SERIES B  · $12.6 M  · Jul 2017

SERIES C  · $20.25 M  · ---

OTHERS  · $146 M · Mar 2020

LISTED

NO

company provided insights

Acquisitions

ACQUIREE NAME

Artivest

ANNOUNCED DATE

May 2020

PRICE

---

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

8,311

AVERAGE VISITS (6 MONTHS)

7,940.18

MONTHLY VISITS GROWTH

-9.92%

VISIT DURATION

156

VISIT DURATION GROWTH

-29.22%

PAGE VIEWS VISIT

3.55

PAGE VIEWS VISIT GROWTH

-13.46%

BOUNCE RATE

50.5%

BOUNCE RATE GROWTH

2.71%

GLOBAL TRAFFIC RANK

1,436,706

MONTHLY RANK CHANGE

-287,268

MONTHLY RANK GROWTH

-16.66%

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