Founded in 2013, the rise of iCapital is an example of how tech platforms and similar businesses are widening access to private market investments and hedge funds.
iCapital, the fintech platform operating in the alternative asset class space, is to expand its global development team with more than 100 new hires.
The firm said it has more than 400 technologists in its 1,050-person global team. Open positions include software engineers, product managers, and infrastructure developers, working from offices in New York, Greenwich, Connecticut, and Lisbon.
Founded in 2013, the rise of iCapital is an example of how tech platforms and similar businesses are widening access to private market investments and hedge funds; these areas have previously been the preserve of ultra-wealthy individuals and large institutions.
In August 2022 iCapital agreed to buy UBS’s alternative investment manager platform in the US. iCapital has been busy. In June of that year, Bank of America made a strategic investment in iCapital, and Morgan Stanley Investment Management expanded its US partnership in July. In October last year, it partnered with Ardian, a firm in the private investment space.
“We are thrilled to be able to add such a large number of talented individuals to our team," Lawrence Calcano, chairman and CEO of iCapital, said.