Latest news with #AlternativeInvestments
CNA
10-07-2025
- Business
- CNA
Fintech iCapital valued at over $7.5 billion in latest fundraise amid private markets rush
Alternative investments fintech iCapital was valued at more than $7.5 billion in its latest external funding round, where it raised more than $820 million, the company said on Thursday, highlighting investor interest in platforms that expand access to private-market strategies. Asset managers are pursuing individual investors and smaller wealth-management clients for private market investments, which have traditionally been limited to institutional investors due to the illiquid and high-risk nature of such assets. BlackRock, who is an investor in as well as a client of iCapital, last month unveiled plans to include private assets in its retirement plans, which account for more than half of the money the company manages. While some analysts argue regulatory friction might complicate such efforts from asset managers, iCapital CEO Lawrence Calcano does not see such headwinds yet. "If people remain focused on education and client outcomes, regulation is typically about protecting investors," Calcano told Reuters in an interview. The round was led by asset manager T. Rowe Price and hedge fund SurgoCap Partners. The funding comes over three years after an Apollo-backed round valued the New York-based company at over $6 billion. Alternative asset giant Blackstone is also an investor in iCapital. Founded in 2013, iCapital has completed 23 strategic acquisitions, including the purchase of the wealth alternatives unit of Citigroup in May, a deal that Calcano says will "help clients unify their investment platforms so they have one overall platform to drive the business" . The company assists investment professionals with asset administration, analytics, and educational tools, simplifying alternative asset management. "Going public or not going public is not really something that occupies a great deal of space in my head," Calcano said referring to iCapital's plans for a future listing. iCapital currently services $945 billion in assets on its platform, with $257 billion of those in alternative platform assets.
Yahoo
10-07-2025
- Business
- Yahoo
Private market fintech iCapital valued at over $7.5 billion in latest fundraise
(Reuters) -Alternative investments fintech iCapital was valued at more than $7.5 billion in its latest external funding round, where it raised more than $820 million, the company said on Thursday, highlighting increasing investor interest in platforms that expand access to private-market strategies. Asset managers are pursuing individual investors and smaller wealth-management clients for private market investments, which have traditionally been limited to institutional investors such as pension funds and university endowments. However, some analysts argue that the illiquid and high-risk nature of such assets might add regulatory friction to such efforts from asset managers. The round was led by asset manager T. Rowe Price and hedge fund SurgoCap Partners. The funding comes over three years after an Apollo-backed round valued the New York-based company at over $6 billion. Alternative asset giant Blackstone and index fund pioneer BlackRock are also investors in iCapital. "The proceeds from this capital raise will be strategically deployed to accelerate our acquisition efforts, with a focus on enhancing our technology platform and expanding our data capabilities," said Michael Kushner, chief financial officer at iCapital. Founded in 2013, iCapital has completed 23 strategic acquisitions, including the purchase of the wealth alternatives unit of Citigroup in May, adding to its portfolio more than 180 funds distributed by the bank across private asset classes. The company assists investment professionals with asset administration, analytics, and educational tools, making traditionally institutional products easier to manage. iCapital currently services $945 billion in assets on its platform, with $257 billion of those in alternative platform assets. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-07-2025
- Business
- Yahoo
Private market fintech iCapital valued at over $7.5 billion in latest fundraise
(Reuters) -Alternative investments fintech iCapital was valued at more than $7.5 billion in its latest external funding round, where it raised more than $820 million, the company said on Thursday, highlighting increasing investor interest in platforms that expand access to private-market strategies. Asset managers are pursuing individual investors and smaller wealth-management clients for private market investments, which have traditionally been limited to institutional investors such as pension funds and university endowments. However, some analysts argue that the illiquid and high-risk nature of such assets might add regulatory friction to such efforts from asset managers. The round was led by asset manager T. Rowe Price and hedge fund SurgoCap Partners. The funding comes over three years after an Apollo-backed round valued the New York-based company at over $6 billion. Alternative asset giant Blackstone and index fund pioneer BlackRock are also investors in iCapital. "The proceeds from this capital raise will be strategically deployed to accelerate our acquisition efforts, with a focus on enhancing our technology platform and expanding our data capabilities," said Michael Kushner, chief financial officer at iCapital. Founded in 2013, iCapital has completed 23 strategic acquisitions, including the purchase of the wealth alternatives unit of Citigroup in May, adding to its portfolio more than 180 funds distributed by the bank across private asset classes. The company assists investment professionals with asset administration, analytics, and educational tools, making traditionally institutional products easier to manage. iCapital currently services $945 billion in assets on its platform, with $257 billion of those in alternative platform assets.
Globe and Mail
10-06-2025
- Business
- Globe and Mail
Elle Caruso Fitzgerald from ETF Investment Channel Announces Publication of "Fidelity Adds Managed Futures ETF to Alternatives Lineup"
New York, New York--(Newsfile Corp. - June 10, 2025) - Elle Caruso Fitzgerald is pleased to announce the publication of "Fidelity Adds Managed Futures ETF to Alternatives Lineup." This article highlights Fidelity Investments' expansion into alternative investments with the launch of the Fidelity Managed Futures ETF (FFUT), a liquid alternative strategy designed to capitalize on market trends through systematic long/short investing and provide portfolio diversification. Fidelity Adds Managed Futures ETF to Alternatives Lineup Fidelity launched the Fidelity Managed Futures ETF (FFUT) on The Nasdaq Stock Market LLC on June 5. The new managed futures ETF is a liquid alternative strategy. It aims to capitalize on market trends through disciplined, systematic long/short investing. FFUT is available commission-free for individual investors and financial advisors through Fidelity's online brokerage platforms. FFUT's investment strategy focuses on capital appreciation in all market conditions. Fidelity's managed futures ETF aims to generate strong risk-adjusted returns, especially when equity markets decline. In an effort to reach this objective, FFUT employs a strategy designed to identify and capitalize on sustained price trends, whether upward or downward, across a diverse range of markets. These include equities, fixed income, currencies, and commodities. Finally, the fund uses futures, forwards, and other derivatives to implement this approach. Read the full article here: About Fidelity Managed Futures ETF The Fidelity Managed Futures ETF (FFUT) is part of Fidelity's growing exchange-traded lineup, which now includes 79 ETFs and ETPs with $111 billion in assets under management. FFUT aims to provide clients with an investment option that can help diversify their portfolios, with a focus on capital appreciation in all market conditions and strong risk-adjusted returns, especially when equity markets decline. About VettaFi VettaFi is a leading provider of data-driven insights and specialized services for asset managers and investors, bringing together a wealth of expertise to support client success. At the core of VettaFi is a commitment to fostering strong relationships and delivering innovative solutions that help clients engage, grow, and thrive in an increasingly complex financial landscape. For more information about VettaFi, please visit
Bloomberg
23-05-2025
- Business
- Bloomberg
Expecting Decent Upside In Tech: JPMorgan's Sundar
JPMorgan Private Bank Head of Alternative Investment Strategy Sitara Sundar speaks with Dani Burger on 'The Brief.' (Source: Bloomberg)
