iCapital Network has entered into an agreement to acquire the alternative investments feeder-fund platform from Wells Fargo’s Global Alternative Investments (GAI) division.
As a part of the transaction, Wells Fargo is making a strategic investment in iCapital under the terms of iCapital’s latest fundraising round. The transaction is expected to close during the second half of 2020. Terms of the agreement were not disclosed.
Wells Fargo’s alternative investment feeder-fund platform supports a full suite of alternative solutions, including private equity, private debt, hedge funds, private real estate and direct private investments across approximately 70 investment vehicles. Last month, iCapital announced its agreement to acquire the Artivest platform and operating
