ICapital Network, a tech platform for private equity, hedge funds and other alternative investments, has raised $146 million in capital to expand its capabilities and functionality.
The capital came from Ping An Global Voyager Fund, which led the round; new investors including Goldman Sachs, Affiliated Managers, Hamilton Lane and WestCap; as well as existing investors BlackRock, UBS Financial Services, Blackstone and BNY Mellon.
In a release, iCapital said the funds also will be used to grow internationally and further its commitment to market education.
To help fund the proposal, the governor and Florida's finance chief are probing municipal finances on a "local government accountability tour" to uncover potential waste.
Edward Jones’ job cuts and overall realignment internally are contributing to higher costs for the company, it said in its recent quarterly report.
Meanwhile, Fifth Third's RIA arm adds a former billion-dollar BNY trio in Boulder, Colorado, while a hybrid RIA opens a new North Carolina location with a former Raymond James-affiliated team.
Analysis highlights swelling out-of-pocket costs and wasted time on paperwork, with an outsized toll on businesses and around crypto transactions.
The appointment to its investment management arm comes roughly a year after the firm first announced plans to launch its own exchange-traded fund platform.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
