iCapital: Company Profile & Valuation

iCapital, legally Institutional Capital Network, is a New York fintech founded in 2013 that gives financial advisors and wealth managers a technology platform for accessing private-market alternative investments such as private equity, credit, real estate and hedge funds. More than 100,000 financial advisors use the platform, drawing on funds from over 560 asset managers.

iCapital grew partly through buying bank platforms, including Deutsche Bank's US private equity access fund business and Bank of America's alternative investment feeder funds, then acquired the reporting firm Mirador and launched a marketplace in Hong Kong and Singapore in 2024. In 2025 it agreed to acquire Citigroup's wealth alternatives unit, covering more than 180 funds.

Listed funds carry late-stage private names. A fund's latest schedule of investments shows whether it holds iCapital.

Often trade at a premium or discount to NAV.

Platforms match existing holders with buyers. iCapital availability at any moment is set by the holders.

High minimums, transfer approval, company right-of-first-refusal.

Valuations, rounds and IPO status for every company in the directory — iCapital included.

The last valuation is $7.5B.

Lead investors for each round are in the funding timeline.

The closest fintech / alternative-investment platforms peers are on the competitors page.

The routes section explains what is realistically available for a company at this stage.

No. iCapital is a private company; its shares do not trade on a public exchange.