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iCapital to acquire Parallel Markets
Other - JANUARY 16, 2025

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iCapital to acquire Parallel Markets

by RELEASED

iCapital has plans to acquire Parallel Markets.

“We are thrilled to announce the acquisition of Parallel Markets and welcome their team to the iCapital family,” said Lawrence Calcano, chairman and CEO of iCapital. “Onboarding and verifying digital investor identity and compliance is a major friction point in private markets investing. Parallel Markets has pioneered software that supports a reusable investor passport, streamlining these duplicative processes for advisors, investors, and fund managers. As we continue to evolve our tech stack, we will enhance automated entry for alternative investing and leverage AI and machine learning to offer a complete, intuitive end-to-end solution. This is expected to result in faster onboarding, reduced costs and a more efficient investment process.”

The new iCapital Investor Passport will offer a turnkey onboarding solution for all fund investors, both institutional and wealth management, creating a universal reusable inv

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