iCapital Purchases UBS's Alternative Investment Platform In US

Tom Burroughes

25 August 2022

through which we utilise our market-leading technology to facilitate the management of their direct and feeder funds on a single platform and offer their advisors the tools they need to be successful,” Lawrence Calcano, chairman and chief executive of iCapital, said.

In 2017, UBS invested in iCapital which entered into a strategic relationship with the Zurich-listed lender to structure new feeder funds for UBS to distribute. UBS also integrated iCapital’s proprietary technology into its private fund operations in order to streamline and automate its alternative investment offerings.

In 2021, the strategic partnership was enhanced to increase digitisation of the UBS Advisor experience, improving the information and analytics of clients’ private market investments across its international locations, including Switzerland, Hong Kong, and Singapore.

The transaction is expected to close during the second half of 2022.

iCapital was founded in 2013. As of 31 July, it services more than $136 billion in global client assets, of which more than $32 billion are from international investors (non-US domestic). It has offices in Zurich, London, Lisbon, Hong Kong, Singapore, and Toronto, as well as its New York HQ.