iCapital Strengthens Citi Wealth Alliance Through Major Alternatives Platform Acquisition

iCapital Strengthens Citi Wealth Alliance Through Major Alternatives Platform Acquisition

iCapital has recently made headlines with its strategic acquisition of Citi Global Alternatives, an indirect subsidiary of Citigroup, which serves as the advisor to Citi Wealth’s global alternative investment platform. This platform boasts over 180 funds that span a diverse array of asset classes, including private equity, growth equity, private credit, infrastructure, venture capital, real estate, and hedge funds.

iCapital’s Vision for Growth

Lawrence Calcano, Chairman and CEO of iCapital, expressed enthusiasm about the partnership, stating, “We are excited to join forces with Citi Wealth to accelerate the growth of their alternatives business on a global scale.” He highlighted that iCapital’s advanced technology platform will significantly streamline the operations and management of existing and future alternative investment funds.

Enhancing Sales Capabilities

The collaboration aims to bolster Citi Wealth’s global sales capabilities through a specialized team dedicated to alternative investments. This team will provide advisors with essential resources tailored to:

  • Pre-sale activities
  • Sales processes
  • Post-sale investment activities

This initiative will cover all asset classes and product structures, fostering close cooperation with Citi and general partners to support the growth of the alternatives platform.

Building Strong Relationships

Daniel O’Donnell, Head of Alternatives and Investment Manager Solutions at Citi Wealth, commented on the existing strong relationship with iCapital. He noted, “We’re thrilled to expand our collaboration to integrate iCapital’s cutting-edge digital capabilities more deeply into our advisory services, benefiting our bankers, investment counselors, and clients alike.”

For more information about iCapital and its services, visit their official website at iCapital Network. Additionally, explore related news on alternative investments and financial technology to stay updated on industry trends.

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