ICapital Network alts platform raises $146 million
Funds for expansion come from new, existing investors
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.
[More: Silicon Valley firm helps keep track of $1.7 trillion of assets]
In a release, iCapital said the funds also will be used to grow internationally and further its commitment to market education.
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