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New Deal


Announced

Completed

Temasek led a $440m funding round in iCapital Network.

Financials

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Transaction Value£317m
Consideration TypeCash
Capital Owned-
Capital Bid For11%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Friendly

Acquisition

Minority

financial technology platform

FinTech

United States

Private Equity

Cross Border

Venture Capital

Private

Synopsis

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Temasek, an investment company, led a $440m funding round in iCapital Network, an online platform that unlatches the world of private equity, enabling institutions, and qualified investors. Other investors include Owl Rock, MSD Partners, Noah Holdings, Golub Capital, WestCap, Ping An Voyager Partners, Blackstone, UBS, Pivot Investment Partners, BNY Mellon, Wells Fargo, Morgan Stanley and Goldman Sachs Asset Management. “iCapital will deploy the proceeds from this fundraising to the direct benefit of our clients. We’re investing in growing our talented team, developing market-leading technology solutions, and providing a comprehensive set of educational tools. As always, we are evaluating the most advantageous acquisition opportunities to broaden our capabilities for wealth managers, asset managers and banks globally," Lawrence Calcano, iCapital Chairman and CEO.

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