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.
A new proposal could end the ban on promoting client reviews in states like California and Connecticut, giving state-registered advisors a level playing field with their SEC-registered peers.
Morningstar research data show improved retirement trajectories for self-directors and allocators placed in managed accounts.
Some in the industry say that more UBS financial advisors this year will be heading for the exits.
The Wall Street giant has blasted data middlemen as digital freeloaders, but tech firms and consumer advocates are pushing back.
Research reveals a 4% year-on-year increase in expenses that one in five Americans, including one-quarter of Gen Xers, say they have not planned for.
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.
