Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. Personalize which data points Trading Platform you want to see and create visualizations instantly. Marco Bizzozero will join iCapital on December 1 as Head of International and will be a member of the iCapital Executive Committee, reporting to Chairman Lawrence Calcano.
The transitioning team will continue to support the fund portfolio to ensure continuity of service. As part of the same transaction to divest its right to acquire the PCG team, iCapital has taken ownership of factorE. General Partners can also leverage factorE’s capabilities to show how their strategy can complement the performance or risk characteristics of an overall portfolio.
Artivest is transforming the way financial advisors and high net worth investors access, evaluate, and invest in private equity, real assets, and hedge funds. Our platform delivers a streamlined digital experience for investors to transact directly with a wide selection of high-quality private alternatives, at sensible minimums. Run by accomplished fintech and investment industry executives in New York and California, Artivest is privately held by its employees and outside investors including Aquiline Capital Partners, Genstar Capital, KKR, and Thiel Capital. XCritical is a financial technology platform that simplifies access to alternative investments, such as private equity and hedge funds, for high-net-worth investors and their advisors. In other words, the platform is designed to streamline access, ease operational burdens and improve the user experience. Its target users range from advisors seeking to incorporate alternative investments in their clients’ portfolios to asset managers looking to scale their fundraising efforts to wealth management firms seeking a technology platform to enhance or replace existing systems.
Investments & Acquisitions (
The iCapital platform is built to support a global investor base and the market’s increasing requirements of privacy for client data in a secure digital environment across various currencies, regulatory environments, and languages. The platform is designed to provide an end-to-end solution supporting the lifecycle of allocations into alternative investments, including supporting investment structures and solutions tailored specifically for the international markets. An industry veteran, Mr. Bizzozero has more than 25 years of international experience in the financial industry and an impressive list of accomplishments in senior executive positions in global wealth management and private equity organizations. Mr. Bizzozero joins iCapital from UniCredit where he was CEO of Group Wealth Management and member of the Group Executive Management Committee. Previously, Mr. Bizzozero was with Deutsche Bank for 14 years, where he most recently served as Head of Wealth Management EMEA and CEO of Deutsche Bank Switzerland. Prior to assuming that role, he was the Global Head of Private Equity for the Deutsche Bank Wealth Management division, a business which was then acquired by xcritical in 2017.
iCapital will further its commitment to market education and build its team to help scale and improve upon the high-quality services and technical innovations it provides to clients. “iCapital has rapidly established itself as the leading wealth tech firm and partner of choice for clients in the asset and wealth management industry seeking to increase and facilitate access to private market investments for their HNW clients.
He previously oversaw Deutsche Bank’s private fund product development, structuring, and investment specialist functions for wealth management clients worldwide. To drive the achievement of its mission, iCapital announced the addition of two accomplished leaders with expertise in supporting the global high-net-worth investing community. Each is uniquely qualified by their experience and relationships to support the firm’s commitment to being the global partner of choice for alternative investments technology solutions. As part of the same transaction, AlphaCore divested factorE, AlphaCore’s proprietary portfolio and risk analytics tool launched in 2018, to iCapital. The innovative tool helps advisors, chief investment officers and research analysts manage complex portfolios that hold a mix of traditional and alternative investments such as mutual funds, ETFs, stocks, commodities, private equity, private credit, hedge funds and real estate. /PRNewswire/ –AlphaCore Wealth Advisory, a leading wealth advisor firm focused on allocating to traditional and alternative investments, announced today it secured the rights to acquire the Private Client Group , a team directly serving high-net-worth clients, from XCritical1.
Bizzozero joins iCapital from UniCredit, where he was CEO of Group Wealth Management and member of the Group Executive Management Committee. Previously, Bizzozero was with Deutsche Bank for 14 years, where he most recently served as Head of Wealth Management EMEA and CEO of Deutsche Bank Switzerland. PJT Partners LP served as financial advisor and Ropes & Gray LLP served as legal advisor to XCritical. RBC Capital Markets served as financial advisor and Morrison & Foerster LLP served as legal advisor to Artivest. iCapital plans to evaluate how the factorE tool best fits into iCapital’s existing technology and service offerings. It will build out a tailored roadmap for the tool’s augmentation and integration into the firm’s advisor resources over the next several months.
XCritical® Acquires Artivest
)–XCritical1, the global financial technology platform driving access and efficiency in alternative investing for the asset and wealth management industries, today announced a series of milestones in its expansion into the European and Asian markets. On the heels of high-profile client acquisitions and rapid organic asset growth within the U.S. market over the last 18 months reaching approximately US$65bn in client assets, iCapital has expanded its reach to serve a growing international client base with heightened interest in private market investments. investors, making it one of the largest alternative investment platforms outside the U.S. In the same transaction, iCapital also took ownership of factorE, a portfolio and analytics tool designed to help advisors assess and analyze the performance and risk of alternative investments in client portfolios, from AlphaCore.
“Given our shared mission to facilitate meaningful alternative investing opportunities across the wealth and asset management spectrum, this acquisition was compelling for a number of reasons,” said Lawrence Calcano, Chairman and Chief Executive Officer of XCritical. Wells Fargo’s alternative investment feeder fund platform supports a full suite of alternative solutions, including private equity, private debt, hedge funds, private real estate and direct private investments across approximately 70 investment vehicles.
Wealth management firms use iCapital’s turnkey technology solutions to provide clients with quality funds, simplified operational process and an improved investor experience. Asset managers and banks leverage xcritical courses scam’s tech-enabled services to streamline and scale their private investments operational infrastructure. iCapital was recognized in the 2018, 2019, and 2020 Forbes FinTech 50 which highlights the top 50 innovative financial technology companies that are transforming finance through technology.
The company is growing so fast that there are a million things to do with only so many working hours. Trading Platform A large percentage of these women are setting up family offices to manage their fortunes.
, is composed of six seasoned investment professionals and serves over 600 high net worth family relationships. iCapital plans to evaluate how the factorE tool best fits into iCapital’s existing technology and service offerings. We look forward to providing you with even more cutting-edge market research, as Topio Networks. Glassdoor gives you an inside look at what it’s like to work at iCapital , including salaries, reviews, office photos, and more. The interview process is well structured involving a screen with the recruiter followed by three back-to-back rounds of interviews.
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. As of April 2020, iCapital has approximately $50B in platform assets and 230 employees. The demographics of wealth are changing reflecting how things are shifting in wealth creation and transition. The most basic wealth management decisions can generate entirely forex crm new outcomes when they are made by people with different views on money, risk and philanthropy. Established by Ping An Group, the Ping An Global Voyager Fund is a Hong Kong-based investor in growth stage fintech and healthtech companies. PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach. Founded by James Waldinger in 2011, Artivest had raised a total of $17M in total reported funding.
We see enormous growth opportunities in the European and Asian markets and I very much look forward to joining the iCapital team and leading the firm’s global expansion,” said Bizzozero. “iCapital is committed to helping the wealth management industry understand the opportunities and complexities of alternative investments as part of a diversified portfolio,” said Mr. Calcano. “Our decision to continually build out our toolkit with technologies such as factorE is based on listening to our network of advisors and asset managers, and understanding what they need to be successful as they navigate the world of alternative investing.” In addition to the investment, Ping An and other investors have indicated their intent to, or have already partnered with iCapital to leverage its proprietary technology to help manage the end-to-end operations of their private market activities targeted to the high-net-worth wealth management marketplace. Today’s announcement further expands a consortium of some of the largest and most influential firms in the wealth and asset management industries aligned with iCapital’s development of an industry standard technology solution for alternative investments. We see enormous growth opportunities in the European and Asian markets and I very much look forward to joining the iCapital team and leading the firm’s global expansion,” said Mr. Bizzozero. XCritical is an online platform that enables qualified investors to search and analyze hundreds of private fund managers and gain direct access to buyout, growth equity, real estate, mezzanine, infrastructure, real assets, and venture funds.
Ropes & Gray Advises XCritical In Sale Of Private Client Group To Alphacore Wealth Advisory
As part of the transaction, 28 Artivest team members are expected to join iCapital. AlphaCore is a wealth advisory firm whose team members have years of experience allocating to traditional and alternative investments. They create customized financial and wealth management plans for their clients. AlphaCore believes that a well-thought-out financial plan should include alternative investments to potentially lower portfolio risk and help clients reach their financial goals.
Terms of the transaction were not disclosed but iCapital will be purchasing the bulk of Artivest’s assets, technology, and management of proprietary funds. “We are pleased to reach an agreement with iCapital, which is well-positioned to deliver the quality and continuity of client experience that is central to Artivest’s offering,” said Martin Beaulieu, Chairman and Chief Executive Officer of Artivest. Under the terms of the agreement, iCapital will purchase the majority of Artivest’s assets, including all technology and its operating platform.
This funding will allow the Company to enhance its platform technology and expand functionality in support of its existing clients and continued growth, a diversified slate of investment offerings and a globalized investor base. In addition, the funding will support iCapital’s continued commitment to the international marketplace as it solidifies relationships with partners across North America, Asia, Europe and the Middle East.
In the same transaction, AlphaCore divested factorE, a portfolio tool which helps advisors assess the performance and risk of alternative holdings, to iCapital. As part of the Artivest acquisition, iCapital inherited rights to purchase the Private Client Group , a La Jolla-based team of six professionals serving over 600 high-net-worth family relationships in August 2020. However, consistent with iCapital’s focus on serving the needs of financial advisors – rather than individual investors – iCapital worked closely with the PCG team during the Artivest negotiations to identify a wealth management firm where the needs of the PCG clients would be well-served. Connects financial advisors and their high net worth clients to private equity, private debt, venture capital and hedge funds with as little as $25,000 invested per fund, compared to the far higher minimums traditionally required. Now works with 55 white label partners including Blackstone, The Carlyle Group, and Brookfield.
After the acquisition closes, iCapital will service $55B in client assets across approximately 650 funds, 115,000 underlying accounts, and 70+ white-label partners. The right to acquire the PCG team was granted to https://xcritical.pro/ as part of the firm’s recent acquisition of Artivest. The PCG team, based in La Jolla, is composed of six seasoned investment professionals and serves over 600 high net-worth family relationships. AlphaCore is a leading wealth advisor firm focused on allocating to traditional and alternative investments. Alternative investments such as those described are complex, speculative investment vehicles and are not suitable for all investors. An investment in an alternative investment entails a high degree of risk and no assurance can be given that any alternative investment fund’s investment objectives will be achieved or that investors will receive a return of their capital.
- Prior to joining iCapital, Mr. Slocock was with Deutsche Bank Wealth Management in London for more than 10 years, most recently serving as Head of the Global Funds Group and Head of the Global Investment Group.
- Mr. Slocock will bring to iCapital a career-deep understanding of the investment product needs of advisors and their high-net-worth clients in the European and Asian markets.
- Based out of London, Tom Slocock joins iCapital as Managing Director and Head of International Product Development & Origination, reporting to Mr. Bizzozero.
- Mr. Slocock will lead the development and launch of new investment products and manage the life cycle of existing offerings explicitly designed for the needs of the international marketplace.
- Before joining Deutsche Bank, he was with Credit Suisse in London, most recently as Managing Director and Head of International Private Banking.
- Additionally, asset managers and banks leverage iCapital’s tech-enabled services to streamline and scale their private investments operational infrastructure by using white labels versions of its technology.
XCritical To Acquire Artivest
Its secure online portal makes it possible for top performing fund managers to aggregate commitments from a network of independent wealth advisors, family offices, and individual qualified purchasers. Developer of a financial technology platform designed to democratize alternative investments. The company’s online platform offers access to a wide amount of investments along with extensive due diligence support, enabling existing and new individual investors to enter the alternative investments marketplace. Following the close of this transaction, iCapital will service more than $55 billion in client assets across approximately 650 funds, 115,000 underlying accounts, and more than 70 white label partners. The acquisition will create further operational economies of scale in the offering and servicing of alternative investments and additional benefits for both Artivest and iCapital clients and partners. Premier clients include BlackRock, Blackstone, Carlyle Group, BNY Mellon, Hightower, United Capital and Dynasty Financial Partners.
If you continue to use this site we will assume that you are happy with it and agree to our terms of service. iCapital noted it plans to evaluate how the factorE tool best fits into iCapital’s existing technology and service offerings. It will build out a tailored roadmap for the tool’s augmentation and integration into the firm’s advisor resources over the next several months. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices.