LONDON & HONG KONG & ZURICH & NEW YORK – (COMMERCIAL THREAD) – Today iCapital Network1 and BlackRock announce the expansion of their existing relationship to increase accessibility to private market investments for wealth managers. The combination of BlackRock’s private market investment products and proven iCapital technology and solutions will simplify the operational and administrative complexities faced by wealth managers seeking to distribute private market investments to their clients. The partnership will focus on the distribution of global private market funds, as well as on ELTIF, an increasingly important vehicle for the distribution of private markets in Europe.
As the global alternative investment market grows to over $ 10.7 trillion, with 9.8% growth expected by 20252, the allocations of individual investors are historically lower than those of institutional investors. However, over the next few years, the appetite of individual investors is expected to increase due to a persistently low interest rate environment, reduced return expectations in public markets and demand for greater diversification of securities. portfolios to offset higher market volatility.3.
BlackRock’s product offerings will include private equity, private debt and real assets, in all geographies, including a broad range of integrated ESG strategies. The investment products will be available to asset managers in the EMEA, APAC and LATAM zone. The new offering will leverage AIFMD-compliant feeder fund structures and iCapital’s innovative technology platform to digitize all aspects of the underwriting and investor servicing process, including capital calls, distributions , transfers and performance reports for wealth advisers and their clients. ICapital’s technology will integrate seamlessly with that of eFront, allowing BlackRock to fully meet the operational and administrative needs of private and institutional clients.
This latest collaboration, aimed at the international wealth management industry, broadens an existing commercial relationship between the two companies. BlackRock is a long-time strategic investor in iCapital and is currently using its technology to streamline access to BlackRock’s North American private market offerings to the wealth management community.
“We are delighted to extend our trusted partnership with iCapital Network. This collaboration will allow us to achieve our strategic priorities of expanding access to BlackRock’s alternative investment strategies, accelerating the distribution of our private market strategies internationally and enabling our wealth management partners to ‘step up their own distribution efforts,’ said David Lomas, Global Head of Specialists BlackRock Alternatives.
“We are honored to partner with BlackRock on this initiative, which builds on years of collaboration between our companies and supports the expansion of its leading-edge offerings into the private market in the EMEA, APAC and LATAM region. ”Said Lawrence Calcano, President and CEO of iCapital Réseau. “We are committed to optimizing the alternative investment experience across the industry so that advisors can better serve their clients. ”
The collaboration between BlackRock and iCapital will also create a suite of educational tools to help wealth advisers and their clients understand and assess the role of private market strategies as part of their total portfolio.
“Our mission is to solve the fundamental challenges of investing in private markets for individual investors. ICapital’s solutions help asset and wealth managers broaden clients’ access to growth and diversification opportunities in private markets, ”said Marco Bizzozero, international manager at iCapital Network. “BlackRock is a global leader, and we are delighted to support their ambition in alternative investing by facilitating access and focusing on education. ”
BlackRock’s goal is to help more and more people experience financial well-being. As an investor trustee and a leading fintech provider, we help millions of people build life-long savings by making investing easier and more affordable. For more information on BlackRock, please visit www.blackrock.com/corporate.
About BlackRock Alternative Investors
BlackRock Alternative Investors serves investors seeking outperformance in real estate, infrastructure, private equity, credit, hedge funds and alternatives. We strive to offer our investors the highest quality investments by leveraging our global presence, superior execution capabilities and position as a preferred partner. BlackRock manages $ 264 billion in investments and alternative commitments on behalf of clients worldwide as of March 31, 2021.
About the iCapital network
Founded in 2013 in New York City, iCapital Network is the leading global financial technology company that powers the global alternative investment market. He transformed the way the wealth management, banking and asset management industries facilitate access to private market investments for their high net worth clients by providing intuitive, end-to-end technology and service solutions. at the end. Wealth management companies use iCapital’s solutions to provide their clients with quality funds at a lower minimum and simplified digital workflows. Asset managers and banks are leveraging iCapital’s technology to streamline and scale the operational infrastructure for their private investments. Additionally, iCapital’s ‘flagship’ platform offers financial advisors and their high net worth clients access to a curated menu of private equity, private credit, hedge funds and other alternative investments to help them. to meet their investment needs in terms of yield and diversification. ICapital’s research and diligence team offers robust analysis as well as the firm’s broad suite of advisor education, compliance, portfolio management and portfolio analysis tools and services. iCapital was recognized on the Forbes FinTech 50 list in 2018, 2019, 2020 and 2021, Forbes America’s Best Startup Employers in 2021 and the MMI / Barron’s Industry Awards as Solution Provider of the Year in 2020. As of April 30 2021, iCapital Network has more than 400 employees and manages $ 75 billion in global client assets in more than 750 funds. Based in New York, it also has offices in Zurich, London, Lisbon and Hong Kong.
For more information, please visit the iCapital Network website at www.icapitalnetwork.com | LinkedIn: https://www.linkedin.com/company/icapital-network-inc | Twitter: @icapitalnetwork
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1 Institutional Capital Network, Inc. and its affiliates (collectively, “iCapital Network” or “iCapital”)
2 Source: Future of Alternatives 2025: Preqin forecasts growth in assets under alternative management of 9.8% until 2025 – link.
3 Source: Cerulli Associates Democratization of Private Investments for Europe’s Retail Fund Investors, May 2020