iCapital recently secured an additional USD 820 million in funding, valuing the company at USD 7.5 billion.

This latest round of investment was co-led by accounts managed by T. Rowe Price Associates, Inc., T. Rowe Price Investment Management, Inc., and SurgoCap Partners. The capital infusion signals these investors’ commitment to reimagining the investing landscape for iCapital’s benefit and growth.

Offering Solutions in Wealth and Asset Management

Currently serving USD 945 billion worth of assets globally, iCapital aims to revolutionize wealth and asset management with innovative technology, robust data infrastructure, and advanced enterprise solutions. The company is dedicated to addressing the growing demand for alternative investments, structured products, and annuities, thereby supporting advisors, fund managers, and other industry partners.

Clients of iCapital can benefit from a suite of tools that enhance their business operations, enabling them to personalize services and provide more optimized offerings to their clients. The platform supports the entire investment lifecycle, offering features for education, transaction management, analytics, data flow, and customer support.

Furthermore, iCapital equips wealth managers with interfaces that streamline access to private markets, structured investments, and annuities alongside traditional assets. This includes comprehensive onboarding, document workflows, performance tracking, and regulatory compliance management.

For asset managers, the company provides a full spectrum of end-to-end solutions, including a digital marketplace, tailored distribution capabilities, data management tools, artificial intelligence enhancements, and sales support with detailed reporting.

The new capital will be directed towards enhancing iCapital’s technology platform and broadening its data capabilities. These efforts aim to enhance the overall value proposition for clients, refine existing products, and solidify the company’s market presence in key areas.