iCapital Network, an alternative investing platform, has closed a $146 million capital raise.
The round received capital from new investors Goldman Sachs, Affiliated Managers Group, Hamilton Lane and WestCap. Additional commitments came from existing investors BlackRock, UBS Financial Services, Blackstone and BNY Mellon.
The funding will support iCapital’s continued commitment to the international marketplace as it solidifies relationships with partners across North America, Asia, Europe and the Middle East.
In 2019, the company increased the assets it services from $8 billion to $46.6 billion across more than 470 funds, 100,000 underlying accounts and 55 white label partnerships. The firm’s flagship platform offers advisers and their clients access to a curated menu
