iCapital
Fintech platform connecting wealth managers and financial institutions to alternative investments, structured products, and annuities
Overview
iCapital is a distribution and sales technology platform for alternative investments, structured products, and annuities, serving wealth managers, asset managers, and financial institutions. Founded in 2013 and headquartered in New York, the company operates as a fintech infrastructure layer that automates and streamlines access to private market investments and insurance products for advisors and their clients.
The platform delivers SaaS and API-based tools for fund access, portfolio construction, investment research, reporting, and compliance, integrating with major wealth management systems and carrier infrastructure. In March 2026, iCapital acquired Hexure -- a digital sales automation platform for insurance and annuities -- creating an end-to-end technology stack spanning discovery, illustration, order entry, and post-sale servicing across the annuity and insurance policy lifecycle.
The company serves more than 1,272 fund managers, issuers, and insurance carriers, with USD 1.2 trillion in active global assets on its platform as of March 2026. iCapital has raised over USD 1.5 billion in funding, carries a valuation exceeding USD 7.5 billion, and maintains 16 offices worldwide. It has been named to the Forbes Fintech 50 list for seven consecutive years and received the Euromoney World's Best Technology Provider for Wealth Management designation in 2025 and 2026.
Products & Services
Alternatives Marketplace
Platform connecting wealth managers and institutional investors to alternative investment funds including private equity, hedge funds, and structured notes. Supports more than 2,510 funds across the iCapital network.
Key Features
- Fund discovery, subscription, and allocation management
- Consolidated reporting and alternative data management
- iDirect private market access and model portfolios
- Distributed ledger technology for transaction processing
Target Users: Wealth advisors, family offices, institutional investors, asset managers
iCapital Annuities and Insurance Platform
End-to-end annuity and insurance technology platform combining iCapital distribution capabilities with Hexure's FireLight digital sales tools and ForeSight illustration engine, covering the full policy lifecycle.
Key Features
- Digital illustration and discovery workflows (ForeSight)
- Order entry and e-application processing (FireLight)
- Post-sale policy servicing and reporting
- Integration with major carrier and distributor systems
Target Users: Annuity and life insurance carriers, distributors, wealth advisors
Architect
Portfolio construction tool for integrating alternative investments into advisor-managed portfolios.
Key Features
- Alternative investment allocation modeling
- Portfolio analytics and risk assessment
- Integration with existing advisor portfolio management workflows
Target Users: Wealth managers, financial advisors
iCapital Insight
Research, education, and compliance content platform providing investment analysis, practice management tools, and learning resources.
Key Features
- Investment research library and fund analysis
- Alternatives Decoded interactive educational content
- The Bridge video podcast series
- Practice management resources and compliance tools
Target Users: Financial advisors, wealth managers
At a Glance
- Founded
- 2013
- Headquarters
- New York, NY, USA
- Employees
- 1000+
- Funding
- Series C+
Category & Focus
- Category
- Distribution & Sales
- Subcategories
- Annuity sales automation alternative investment marketplace portfolio construction digital order entry post-sale servicing
- Insurance Verticals
- Life & Annuity
- Target Customers
- Carriers, Brokers, Agents/Agencies
Customers
- Apollo
- Ares
- Bank of America
- Blackstone
- BlackRock
- Carlyle
- Goldman Sachs
- JPMorgan
- KKR
- Morgan Stanley
- UBS
- Blue Owl
- Citi
- HSBC
Links
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Last updated: 2026-05-17