iCapital to acquire Citi Global Alternatives.

iCapital, a global fintech platform, agreed to acquire Citi Global Alternatives, an advisor to Citi Wealth’s global alternative investment fund platform. Financial terms were not disclosed. "We are excited to partner with Citi Wealth to drive growth for their alternatives business globally. iCapital’s technology platform will streamline the operations and management of their current and future alternative investment funds platform. Additionally, we will enhance Citi Wealth's global sales capabilities with a dedicated alternative investment specialist team, equipping advisors with more resources focused on pre-sale, sale and post sales investment activities. The team will cover all asset classes and product structures, working in close partnership with Citi and general partners to support alts platform growth,” Lawrence Calcano, iCapital Chairman and CEO.