iCapital® finalizes the acquisition of SIMON Markets

Marks an important step in creating the most comprehensive alternative investment marketplace for advisors by adding access to structured investments, annuities and risk management solutions

NEW YORK, August 02, 2022–(BUSINESS WIRE)–iCapital¹, the leading global fintech platform enabling access and efficiency in alternative investing for the asset and wealth management industries, today announced that it has completed the acquisition of SIMON Markets. The transaction significantly expands iCapital’s investment menu, technical capabilities, training offerings and support services for advisors and their clients.

Through this acquisition, iCapital will create a single source of alternative investment strategies from nearly 300 asset managers and product manufacturers, adding SIMON’s structured investments, annuities, digital assets and managed risk products to iCapital’s extensive menu of private offerings, including equities, credit, real estate, infrastructure, direct deals, hedge funds and other alternative strategies. The combination creates a powerful technology solution for the wealth management industry with on-demand training, an intuitive marketplace, real-time analytics, and alternative investment lifecycle management. The integrated platform will also include compliance, alternative allocation analysis and portfolio construction tools to support advisors in their efforts to optimize client portfolios.

“As advisors seek access to non-traditional investment structures to help clients achieve their long-term financial goals, they can be best supported by a full-service platform offering a comprehensive set of strategies and tools. to meet their needs,” said Lawrence Calcano, Chairman and CEO of iCapital. “The integration of SIMON’s formidable capabilities into our already robust offering is further demonstration of our commitment to providing the wealth management industry with an unparalleled alternative investment experience.

Jason Broder, former CEO of SIMON, has joined iCapital as Managing Director, responsible for iCapital Solutions. In this role, Jason will lead the market development and sales of iCapital’s full suite of technology offerings. In addition, nearly 200 members of the SIMON team have joined iCapital to ensure the continuity of quality support for clients.

Terms of the transaction were not disclosed.

Morgan Stanley & Co. LLC and UBS Investment Bank served as financial advisors to iCapital. Goldman Sachs & Co. LLC acted as exclusive financial advisor to SIMON.

About iCapital
Founded in 2013 in New York, iCapital is the leading global fintech company powering the global alternative investment market. He has transformed the way the wealth management, banking and asset management industries facilitate access to private markets investments for their high net worth clients by providing end-to-end intuitive technologies and services. . Wealth management firms use iCapital’s solutions to provide their clients with quality funds at lower minimums and simplified digital workflows. Asset managers, RIAs and banks leverage iCapital’s technology to streamline and scale their alternative investment operational infrastructure. Additionally, iCapital’s “flagship” platform offers wealth advisors and their high net worth clients access to a curated menu of private equity, private credit, hedge funds, structured investments and other alternatives to help them meet their investment needs in terms of yield and diversification. . iCapital’s research and due diligence team offers robust analysis alongside the extensive range of advisor education, compliance, portfolio management and portfolio analytics tools and services. iCapital has been recognized on the Forbes FinTech 50 list each year from 2018-2022, Forbes America’s Top Startup Employers in 2021 and 2022, and the MMI/Barron Industry Awards as Solutions Provider of the Year in 2020 and 2021. As of June 30, 2022, iCapital manages over $134 billion in global client assets, of which over $30 billion comes from international (non-US) investors, across 1,065 funds. Employing more than 800 people worldwide, iCapital is headquartered in New York and has offices around the world, including Zurich, London, Lisbon, Hong Kong, Singapore and Toronto.

For more information, please visit the iCapital website at www.icapitalnetwork.com | LinkedIn: https://www.linkedin.com/company/icapital-network-inc | Twitter: @icapitalnetwork

See the disclosures here.

¹ Institutional Capital Network, Inc. and its affiliates (together, “iCapital”)

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220802005408/en/

contacts

iCapital media contacts
Morgan Miller
919-602-2806
icapital@neibartgroup.com