iCapital Hits $7.5B Valuation, Raises $820M to Expand Alt-Investments Tech
iCapital’s $820M fundraise and $7.5B valuation signal explosive growth in fintech platforms enabling access to alternative investments.
iCapital’s Big Leap in Alternative Investments
Alternative investments platform iCapital has just hit a major milestone. In its latest funding round, it raised over $820 million, bringing its valuation to more than $7.5 billion. This significant raise marks a new era for the fintech that’s redefining how individual investors access private markets.
Importantly, this surge of capital reflects growing investor appetite for digital platforms that make alternative assets more accessible to the broader financial community.
Why Alternative Investments Are Gaining Momentum
Traditionally, private market strategies were limited to institutional players like pension funds and university endowments. But now, with tools like iCapital’s platform, smaller wealth managers and individual investors are getting a seat at the table.
Because of this shift, many asset managers are actively trying to reach these new audiences. Naturally, platforms like iCapital are becoming essential in helping them bridge the gap.
However, not everyone is on board. While interest in private markets is rising, some analysts warn that illiquidity and risk in alternative assets might invite greater regulatory scrutiny. Even so, the upside remains too attractive to ignore.
Heavyweights Back the Fintech Growth
This latest round was led by T. Rowe Price and SurgoCap Partners, adding strong institutional backing. Notably, iCapital had earlier received funding from Apollo, which valued the company at $6 billion in 2021.
In addition, Blackstone and BlackRock, two titans of asset management, remain strategic investors, further validating iCapital’s unique position in the fintech space.
How iCapital Plans to Use the Funds
According to Michael Kushner, CFO at iCapital, the funds will be used to accelerate acquisitions, upgrade their tech, and enhance data infrastructure. He emphasized that iCapital aims to make its platform smarter, faster, and more comprehensive for financial advisors and wealth professionals.
Founded in 2013, iCapital has already completed 23 acquisitions, including Citigroup’s wealth alternatives unit just this May. That deal alone added more than 180 private asset funds to the platform.
Making Complex Assets Simple for Advisors
iCapital’s platform isn’t just about access — it’s about simplifying complexity. It helps professionals manage investments through tools for asset administration, analytics, and education.
In today’s rapidly shifting financial world, advisors need platforms that reduce friction. That’s why fintech tools like iCapital, focused on alternative investments, are thriving.
Currently, iCapital services $945 billion in assets, with $257 billion of that in alternative platform assets — a powerful metric showing clear market demand.
A Turning Point for Alternative Investments
With this massive raise, iCapital proves that alternative investments are no longer a niche play — they’re becoming mainstream. Moreover, the funding validates the company’s vision to democratize private market access through cutting-edge fintech.
As investors search for higher returns and more diverse portfolios, the rise of platforms like iCapital shows where the future is headed.
In short, alternative investments are the new frontier, and iCapital is helping chart the map.
