iCapital Network’s $440 Million Financing Round

Ropes & Gray advised leading global financial technology platform iCapital Network in the funding round.

iCapital Network the leading global financial technology platform driving access and efficiency in alternative investing for the asset and wealth management industries, today announced it has raised $440 million to fuel continued client success.

iCapital will use the proceeds from the capital raise to enhance its platform technology, expand its alternative investment products and pursue strategic acquisitions. 

The fundraising round was led by Temasek, joined by new investors Owl Rock Capital, MSD Partners, Noah Holdings and Golub Capital. Additional commitments came from existing investors WestCap, Ping An Voyager Partners, Blackstone, UBS, Pivot Investment Partners, BNY Mellon, Wells Fargo, Morgan Stanley and Goldman Sachs Asset Management. 

iCapital Network is the financial technology company with the mission to power the world’s alternative investment marketplace. 

The Ropes & Gray team was led by venture capital & emerging companies partner Brad Flint (Picture, Boston), private equity associates Paul White and Neil Stocco (both of New York) and litigation & enforcement associate Brandon Sisson (Boston) and included private equity partner Scott Abramowitz (New York), litigation & enforcement partner Ama Adams (Washington, D.C.), and litigation & enforcement counsel Deidre Johnson (Boston) and Brendan Hanifin (Chicago).

Involved fees earner: Scott Abramowitz – Ropes & Gray; Ama Adams – Ropes & Gray; Bradford Flint – Ropes & Gray; Brendan Hanifin – Ropes & Gray; Deidre Johnson – Ropes & Gray; Brandon Sisson – Ropes & Gray; Neil Stocco – Ropes & Gray; Paul White – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: iCapital Network;

Author: Martina Bellini