iCapital

Getting alternatives into client portfolios has always involved friction: paper-heavy subscriptions, fragmented fund access, disconnected reporting, and no single place to manage the full investment lifecycle. ICapital was founded in 2013 in New York to address that friction at scale, and has grown into a platform supporting over $1.2 trillion in active global assets across wealth managers, private banks, wirehouses, and registered investment advisors.

For family offices and wealth advisors allocating to alternatives, iCapital operates across two primary surfaces. The flagship marketplace provides access to funds from managers including Blackstone, KKR, Apollo, Carlyle, and Ares, spanning private equity, private credit, real estate, infrastructure, hedge funds, structured investments, and annuities. The iCapital OS operating system connects these allocations to a full workflow stack:

• Digital subscription processing and paperless e-processing
• Portfolio analytics and construction tools with alternative allocation modelling
• Lifecycle management including capital calls, distributions, and document storage
• Client reporting and consolidated performance tracking
• Custodian, transfer agent, and fund administrator integrations
• White-label custom platform deployment under a firm's own brand

Firms that want branded access for their own clients can deploy iCapital's Custom Platform Solution, which has been adopted by over 40 fund sponsors and wealth management firms including RBC Wealth Management, Morgan Stanley, J.P. Morgan, and UBS. The platform supports feeder fund structuring for smaller-scale investments, which reduces minimum barriers for high-net-worth clients who would otherwise be locked out of institutional fund sizes.

Pricing is not publicly disclosed, and the platform is clearly designed for firms already committed to alternatives at meaningful scale. Family offices operating with minimal alternatives exposure or without dedicated investment operations staff may find the depth of the toolset exceeds their current workflow needs.

• Accessing and investing in alternative funds via a curated marketplace
• Processing digital fund subscriptions and managing investor onboarding
• Managing the full lifecycle of alternative investments including capital calls and distributions
• Generating client and portfolio reports on alternative holdings
• Building and deploying white-labeled alternatives platforms for wealth management firms
• Portfolio analytics and alternative allocation construction for advisors

• iCapital OS operating system for alternatives workflow management
• Investment marketplace with funds from 300+ asset managers and product manufacturers
• Digital subscription processing and paperless e-processing
• Portfolio analytics and construction tool with alternatives allocation modelling
• Lifecycle management for capital calls and distributions
• Client reporting and performance tracking
• Custom Platform Solution with white-label branding capability
• Feeder fund structuring for smaller-scale investments
• Compliance and fund education tools for financial professionals
• Third-party integrations with custodians, transfer agents, and fund administrators

Built for Advisors / Wealth Advisors (RIA), Investment Teams, Single Family Office (SFO), Multi Family Office (MFO).