Alternative investment provider iCapital Network announced on Monday that it is expanding access to its online investment platform to accredited investors in addition to qualified purchasers. Alternative investment products, which include private equity, venture capital, credit, real estate and hedge funds, will be tailored to each investor base.
As of March 31, iCapital services more than $2 billion for investors in over 40 private offerings, the company said in a statement. The network hosts approximately 1,500 qualified investors and advisors who together manage more than $1.7 trillion in investable assets.
“We recognize the growing appetite from a widening set of investors for alternative investments, and this expansion marks our commitment to providing individual investors with the tools they need to thoughtfully construct diversified, institutional-quality portfolios,” Lawrence Calcano, chief executive officer of iCapital Network, said in a statement.
Nick Veronis, iCapital co-founder, managing partner and head of origination and due diligence, added, “Since iCapital’s inception, our focus has been the democratization of institutional-quality alternative investments. We look forward to continuing our conversations with the general partner community on an expanded range of alternative products as we develop our accredited offerings, while retaining the high standards we have set for the platform to date.”
What Your Peers Are Reading
On Wednesday, technology platform Relationship Science launched a targeted news monitoring service that aims to compete with Google Alerts.
Relationship Science’s News & Alerts tool lets users refine their alerts beyond simple keywords and phrases. The tool also searches Relationship Science’s proprietary database of regulatory filings and government databases.
Relationship Science also provides professionals with profiles of businesses and influential people in their industry.
“We’ve already had a lot of success helping both enterprises and individuals unlock the hidden value of their relationships,” Domenic Graziosi, CEO of Relationship Science, said in a statement. “Now we’re making it easier than ever for our users to stay on top of the important news impacting their businesses.”