iCapital Network to acquire the alternative investments feeder fund platform from Wells Fargo.

iCapital Network, a financial technology platform, agreed to acquire the alternative investments feeder fund platform from Wells Fargo, an American multinational financial services company. Financial terms were not disclosed. “This agreement is emblematic of the great strides we have made to provide greater access, efficiency and transparency for the wealth management community seeking alternative investing strategies for their high-net-worth clients," Lawrence Calcano, iCapital Network Chairman and CEO.