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Announced

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iCapital Network and KKR to form a joint venture.

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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