Bank of America completed an investment in iCapital.

Bank of America, an investment bank and financial services holding company, completed an investment in iCapital, a fintech platform. Financial terms were not disclosed. “iCapital and Bank of America share the belief that alternative investments are an important component of a well-diversified portfolio and it is critical to increase access, education and service to advisors and their clients. Deepening our support of iCapital through a strategic investment is emblematic of the success of our collaborative relationship,” Nancy Fahmy, Bank of America Head of Alternative Investments, Specialty Asset Management and Investment Solutions Specialists.