iCapital to acquire UBS Fund Advisor from UBS.

iCapital, a global fintech company, agreed to acquire UBS Fund Advisor, an alternative investment manager and the feeder fund platform it manages, from UBS, a multinational investment bank and financial services company. Financial terms were not disclosed. “This agreement underscores the importance of having partners like iCapital, with aligned values and priorities to support clients’ financial goals. iCapital is uniquely qualified to manage the on-going operations of this platform and service our clients’ existing investments, enabling us to help our financial advisors focus on what’s important – providing personalized advice and solutions to their clients," Jerry Pascucci, UBS Global Co-Head of Alternative Investment Solutions.