New York based financial technology platform iCapital Network has received new investment from UBS Financial Services, who now joins BlackRock as a strategic partner. iCapital Network democratizes alternative investments for high-net-worth individuals and their financial advisors. iCapital will use the infusion of capital to further develop the core functions of its innovative platform—through which the retail market can access alternative investment funds—and to make the technology behind its platform widely available as a workflow enhancement to the wealth management community.
iCapital Network, the financial technology platform democratizing alternative investments for high-net-worth individuals and their financial advisors, today announced that UBS Financial Services, Inc. (NYSE: UBS) has invested in the company, joining lead investor BlackRock (NYSE: BLK) as a strategic partner. “UBS is leveraging the power of technology to help financial advisors deliver the best possible service experience to their clients.” Tweet this Founded in 2013, iCapital’s online platform offers the high-net-worth community access to a curated menu of alternative investments such as hedge funds and private equity funds. As part of its offering, iCapital provides an end-to-end technology solution automating the unique subscription, administration and reporting processes of these investments, which have historically only been available to institutional investors.