Announced
Completed
Financials
Tags
United States
asset and wealth management
Private Equity
Joint Venture
Completed
Majority
Private
Friendly
Domestic
investment management
Private Equity
Single Bidder
Synopsis
iCapital Network, a financial technology company that provides tech-based solutions for advisors, and KKR agreed to form a joint venture. Financial terms were not disclosed. "Advisors are seeking quality registered fund offerings to meet their investors’ burgeoning appetite for alternative investments such as private equity, and the important role they play in diversifying a portfolio. This is a unique opportunity to offer investors access to one of the most respected investment managers in an established, innovative product customized for accredited investors," Lawrence Calcano, iCapital Network Chairman and CEO.
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