NEW YORK--(BUSINESS WIRE)--iCapital Network,1 the leading global financial technology platform driving access and efficiency in alternative investing for the asset and wealth management industries, today announced that it has launched the AMG Pantheon Fund, LLC, BlackRock Private Investments Fund, Carlyle Tactical Private Credit Fund, and Hamilton Lane Private Assets Fund on iCapital’s flagship platform.2 The expansion of iCapital’s fund offerings suitable for accredited investors and qualified clients enables financial advisors and their clients to access the return and diversification potential offered by private market investments with accessible investment minimums and simplified operations.
During the past 12 months, iCapital has prioritized expanding the selection of registered funds and other vehicles for accredited investors available on its flagship platform. These funds provide access to institutional-quality managers and can invest in private capital markets through tender offer funds, interval funds, non-traded business development companies (BDCs), and real estate investment trusts (REITs).
The funds have investment minimums that typically range from $25,000 to $50,000, generally do not utilize capital calls, and generally issue 1099s as opposed to K-1s, substantially simplifying tax reporting. iCapital supports these funds on its platform through its research, education, distribution, and technology. In addition, the iCapital flagship platform features the iCapital KKR Private Markets Fund for which iCapital RF Adviser, a subsidiary of iCapital Network, serves as investment adviser.
A recent joint 2021 wealth and asset management report from Morgan Stanley and Oliver Wyman, Competing for Growth, projects that additional high-net-worth (HNW) allocations to private market investing opportunities will represent around US$1.5 trillion of assets under management by 2025. With high-net-worth investors increasingly focused on capturing opportunities in the private markets, asset managers are catering to the growing demand with differentiated, in-demand products.
“A core part of our mission at iCapital is to ensure advisors have access to the right portfolio tools to meet the long-term investment goals of their accredited investor clients,” said Eileen Duff, Chief Client Success Officer at iCapital Network. “Registered funds are purpose-built for this market and can help advisors access portfolio diversification and return potential while encouraging investors to think longer term.”
A recent survey of advisors on the iCapital platform highlights an appetite for accessing private investment opportunities, including funds suitable for accredited investors. Key findings include:
- Almost half (45%) of advisors say they have at least 20% of their accredited investor clients in private markets.
- 80% of advisors say they are likely to increase the number of their accredited investor clients invested in private markets in the next 12-24 months.
- Nearly 75% of advisors plan to increase allocations to private markets in the next 12-24 months for their accredited investor clients.
Each of the funds named above on the iCapital platform is registered under the Investment Company Act of 1940, as amended, as a closed-end investment company and shares of each are registered for public offering under the Securities Act of 1933. The funds referenced above are joined on the iCapital platform by a broad selection of additional registered funds that provide exposure to private equity, private credit, and private real estate strategies from experienced managers that have undergone rigorous due diligence by iCapital’s Fund Management & Research team. Together, these funds form a comprehensive offering for accredited investors and qualified clients seeking to access the potential benefits of the private markets.
AMG Pantheon Fund, LLC (“Pantheon”) provides accredited investors exposure to a diversified private equity portfolio sourced by Pantheon’s Global Investment Team. Pantheon offers diversification by manager, stage, vintage year and industry through a single allocation.
BlackRock Private Investments Fund (“BPIF”) offers accredited investors access to the scale of BlackRock’s global private equity business, including direct investments and secondaries.
Carlyle Tactical Private Credit Fund (“CTAC”) leverages Carlyle’s Global Credit platform and seeks to provide accredited investors with access to a wide array of private credit strategies to meet its objectives of delivering current income.
Hamilton Lane Private Assets Fund (“PAF”) provides qualified clients with access to a diversified private markets portfolio, leveraging Hamilton Lane’s private market platform. A single allocation offers exposure to the private markets, diversified by investment type, geography, industry, and manager.
About iCapital Network
Founded in 2013 in NYC, iCapital Network is the leading global financial technology company powering the world’s alternative investment marketplace. It has transformed the way the wealth management, banking, and asset management industries facilitate access to private markets investments for their high-net-worth clients by providing intuitive, end-to-end technology and service solutions. Wealth management firms use iCapital’s solutions to provide clients with quality funds at lower minimums and simplified digital workflows. Asset managers and banks leverage iCapital’s technology to streamline and scale their private investments operational infrastructure. Additionally, the iCapital ‘flagship’ platform offers financial advisors and their high-net-worth clients’ access to a curated menu of private equity, private credit, hedge funds, and other alternative investments to help meet their investing needs for return and diversification. iCapital’s research and diligence team offers robust analysis alongside the firm’s extensive suite of advisor education, compliance, portfolio management, and portfolio analytics tools and services. iCapital was recognized on the Forbes FinTech 50 list in 2018, 2019, 2020 and 2021, the Forbes America’s Best Startup Employers in 2021, and MMI/Barron’s Industry Awards as Solutions Provider of the Year in 2020. As of September 30, 2021, iCapital services more than $93 billion in global client assets across more than 819 funds. Employing more than 555 people globally, iCapital is headquartered in NYC and has offices in Zurich, London, Lisbon, Hong Kong and Singapore.
For additional information, please visit iCapital Network’s website at www.icapitalnetwork.com | LinkedIn: https://www.linkedin.com/company/icapital-network-inc | Twitter: @icapitalnetwork
See disclosures here.
1 Institutional Capital Network, Inc., and its affiliates including iCapital Securities LLC (together, “iCapital Network” or “iCapital”)
2 Carefully consider a fund’s investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in such fund’s prospectuses or, if available, the summary prospectuses which may be obtained by visiting the fund’s website or by contacting iCapital Network at (347) 968-6800. Read the prospectus carefully before investing.