Alternative Investment Marketplace iCapital Global Assets Increased to $200 Billion, Platform Provides Access to 600 Asset Managers with 1,630 Funds, Used by 104,000 Financial Professionals with Transactions in Last 1 Year
14th October 2024 | Hong Kong
Alternative investment marketplace iCapital global assets has increased to over $200 billion in 2024 September from $100 billion in 2021. iCapital platform provides access to 600 asset managers with 1,630 funds, and was used by 104,000 financial professionals with transactions in the last 1 year. iCapital (8/10/24): “iCapital the global fintech platform driving the world’s alternative investment marketplace for the wealth management industry, announces that it has surpassed US$200 billion in global platform assets. Increased global client demand for high-quality private market funds has led to this milestone and accelerated the growth of client assets on iCapital’s platform. This demand highlights the industry’s commitment to private market strategies and the strong partnerships iCapital has built with leading global investment firms within the alternatives ecosystem to ensure a superior client experience. The integration of iCapital’s technology platform, operating system, and data solutions helps advisors and their clients navigate the complexities of alternative investments.” In 2024 July, iCapital hired Goldman Sachs Tuan Lam as Head of APAC. Tuan Lam has more than 30 years of asset management & investment banking experience, and held senior roles at Goldman Sachs including as Chairman of Client Solutions Group & Head of Client Business for Goldman Sachs Asset Management Asia ex-Japan. In 2024 September, iCapital announced to integrate into HSBC Private Banking platform, providing private market investment access to relationship managers, investment advisors & operations team. The initial deployment will be into HSBC Private Banking Hong Kong & Singapore.
“ Alternative Investment Marketplace iCapital Global Assets Increased to $200 Billion, Platform Provides Access to 600 Asset Managers with 1,630 Funds, Used by 104,000 Financial Professionals with Transactions in Last 1 Year “
Lawrence Calcano, Chairman and CEO of iCapital: “iCapital is honored to help more financial advisors than ever grow their businesses through the use of our technology and end-to-end operating platform. Our customers are and will continue to be the cornerstone of everything we do. Together, we have surpassed this $200B milestone, and together we will innovate and transform the alternatives investing experience to create opportunities for the long-term successful outcomes that financial advisors seek for their clients.”
Key Highlights
- Financial professionals and asset managers who use iCapital’s platform doubled the number of assets on the platform from $100 billion in December 2021 to over $200 billion in September 2024.
- More than 104,000 financial professionals have transacted on the iCapital platform in the last 12 months, with an average of four visits per month.
- The platform provides access to over 1630 funds from over 600 asset managers, a more than 77% increase in the number of funds available on its platform since December 2021.
- The platform has evolved to support alternatives, structured investments, and annuities.
- By the end of 2024, iCapital will have invested over $600 million in its technology platform, operating system, and investment solutions and tools.
About iCapital – iCapital powers the world’s alternative investment marketplace, offering a complete suite of tools, end-to-end enterprise solutions, data management and distribution capabilities, and an innovative operating system. iCapital is the trusted technology partner to financial advisors, wealth managers, asset managers, as well as other participants in this ecosystem, and offers unrivaled access, technology, and education to incorporate alternative assets into the core portfolio strategies for their clients. At the forefront of the digital transformation in alternative investing, iCapital’s secure platform delivers a complete portfolio of management capabilities for education, transactions, data flows, analytics, and client support throughout the investment lifecycle. With $200 billion+ in global platform assets, the iCapital operating system automates and streamlines the complex process of private market investing and seamlessly integrates with clients’ existing infrastructure platform and tools. iCapital employs more than 1,675 people globally and has 17 offices worldwide, including New York, Greenwich, Zurich, Lisbon, London, Hong Kong, Singapore, Tokyo, and Toronto.
Alternative Investment Marketplace iCapital to Integrate into HSBC Private Banking Platform Providing Private Market Investment Access to Relationship Managers, Investment Advisors & Operations Team, Initial Deployment into HSBC Private Banking Hong Kong & Singapore
17th September 2024 – Alternative investment marketplace iCapital will be integrating into HSBC Private Banking platform, providing private market investment access to relationship managers, investment advisors & operations team. The initial deployment will be into HSBC Private Banking Hong Kong & Singapore. iCapital (16/9/24): “iCapital, the global fintech platform driving the world’s alternative investment marketplace for the wealth management industry, will provide its cutting-edge technology to HSBC Global Private Banking. The solution will be fully integrated into HSBC’s platform to digitalize the private market investment experience for its relationship managers, investment counsellors and operations teams. Initially deployed in Hong Kong and Singapore, the solution is intended to be gradually expanded to more markets. As one of the leading global private banks for international and entrepreneurial clients, HSBC Global Private Banking has been supporting clients in alternative investments for more than 30 years. With more opportunities to put cash to work in the second half of 2024, Willem Sels, the private bank’s Global Chief Investment Officer advises its clients of the multi-asset investment opportunities and benefits of tapping into private markets in their latest Q4 2024 Investment Outlook report.” In 2024 July, iCapital hired Goldman Sachs Tuan Lam as Head of APAC.
Jan-Marc Fergg, Global Head of ESG and Managed Solutions, HSBC Global Private Banking and Wealth: “Our thorough understanding of alternative investments and private markets enables us to advise and support our clients in diversifying and enhancing their portfolios to reach their financial objectives. Through this collaboration with iCapital, we are poised to make a broader range of alternative investment opportunities more accessible to our clients.”
Marco Bizzozero, Head of International at iCapital: “HSBC Global Private Banking’s commitment to expanding access to private markets for their clients is at the forefront of our collaboration and we are very proud to be their solution provider of choice. Our arrangement is a testament to the trust wealth managers place in iCapital as they prioritize private markets as a key component of a diversified client portfolio, enhancing financial outcomes for their clients.”
About iCapital –iCapital powers the world’s alternative investment marketplace offering a complete suite of tools, end-to-end enterprise solutions, data management and distribution capabilities and an innovative operating system. iCapital is the trusted technology partner to independent financial advisors, wealth managers, and asset managers, offering unrivaled access, technology, and education to incorporate alternative assets into the core portfolio strategies for their clients. At the forefront of the digital transformation in alternative investing, iCapital’s secure platform delivers a complete portfolio of management capabilities for education, transactions, data flows, analytics, and client support throughout the investment lifecycle. With $194.3 billion in global platform assets, the iCapital operating system automates and streamlines the complex process of private market investing and seamlessly integrates with clients’ existing infrastructure platform and tools. iCapital employs more than 1,500 people globally and has 17 offices worldwide including New York, Greenwich, Zurich, Lisbon, London, Hong Kong, Singapore, Tokyo, and Toronto.
Alternative Investment Marketplace iCapital Hires Goldman Sachs Tuan Lam as Head of APAC, More than 30 Years of Asset Management & Investment Banking Experience & Held Senior Roles at Goldman Sachs Including Chairman of Client Solutions Group & Head of Client Business for Goldman Sachs Asset Management Asia ex-Japan
27th July 2024 |- Alternative investment marketplace iCapital has hired Goldman Sachs Tuan Lam as Head of APAC. Tuan Lam has more than 30 years of asset management & investment banking experience, and held senior roles at Goldman Sachs including as Chairman of Client Solutions Group & Head of Client Business for Goldman Sachs Asset Management Asia ex-Japan. Based in Hong Kong, Tuan Lam reports to Marco Bizzozero (iCapital Head of International). Edwin Chan will focus on strategic client & business development as Head of Client Solutions, Asia.
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