iCapital Network

iCapital was founded in New York in 2013 with the goal of opening up alternative investments -- private equity, private credit, hedge funds, structured investments, and annuities -- to more wealth advisors and their high-net-worth clients, while giving alternative asset managers new distribution channels. Lawrence Calcano, a former Goldman Sachs partner, has led the company as Chairman and CEO since shortly after its founding.

The platform automates the traditionally paper-heavy process of subscribing to, tracking, and reporting on alternative investments. As of its most recent public disclosures, iCapital services more than $1 trillion in client assets across more than 2,100 funds for roughly 118,000 financial professionals, supported by more than 1,875 employees across 16 global offices.

iCapital has raised over $1.5 billion in growth capital since founding from strategic investors including BlackRock, Blackstone, Temasek, UBS, Bank of New York Mellon, Goldman Sachs, Apollo, The Carlyle Group, and KKR. Its most recent round, completed in July 2025, raised over $820 million and pushed the company's valuation above $7.5 billion. In January 2026 iCapital appointed Gary Gallagher, formerly of Fidelity Institutional, as President to lead U.S. go-to-market and platform initiatives alongside CEO Lawrence Calcano.