Ping An led a $146m funding round for iCapital Network.

Ping An led a $146m funding round for iCapital Network, a financial services company that features a financial technology platform that provides modular alternative investment solutions. Ping An was joined by new investors Goldman Sachs, Affiliated Managers Group, Hamilton Lane and WestCap. Additional commitments came from existing investors BlackRock, UBS Financial Services, Blackstone and BNY Mellon. "We are honored to have the support of a distinguished group of strategic investors, and a world-class team completely focused on supporting the success of our clients. The asset and wealth management industries have embraced the need for an independent, automated, transparent approach to alternatives. The future we believe in and the future we are building is one where all parties win," Lawrence Calcano, iCapital Network CEO.