iCapital and Citi have announced that iCapital is acquiring Citi Global Alternatives, one of Citi’s indirect subsidiaries and the adviser to Citi Wealth’s global alternative investment fund platform.
This platform represents more than 180 alternatives funds distributed globally. It comprises investment vehicles across a diverse range of alternative investment strategies and asset classes, including private equity, growth equity, private credit, infrastructure, venture capital, real estate and hedge funds.
Having completed many fund platform acquisitions with financial institutions, iCapital consolidates fund platforms of all types and sizes, unlocking operational efficiency and providing a unified technology solution for partners. With this transaction, iCapital will manage and operate the fund platform, while Citi remains the distributor of such funds and will continue offering guidance to its clients on the role of alternative investments within a diversified inv
