The financial technology platform democratizing alternative investments, today announced that The Carlyle Group has invested in the company as a strategic partner. Financial terms were not disclosed. The firm joins BlackRock, The Blackstone Group, BNY Mellon, Credit Suisse, JPMorgan Chase, Morgan Stanley, and UBS as a strategic partner and investor, further expanding the consortium of industry leaders aligned with iCapital’s development of an industry standard technology solution for alternative investments. In addition to the investment, The Carlyle Group has also partnered with iCapital to leverage its proprietary technology to help manage Carlyle’s operations and administration of its private equity vehicles targeting the wealth management marketplace. “Carlyle has developed a strong relationship with the team at iCapital as they’ve rapidly grown from a fintech startup to an established leader working with some of the most respected participants in alternatives. Using technology to improve operational processes and infrastructure, iCapital’s platform is a potential game-changer for the industry.”Norma Kuntz, The Carlyle Group. Managing Director and the Global Head of Fund Management.