iCapital, the New York-based alternative investments platform serving over 100,000 financial advisors, has announced the acquisition of Mirador, a fintech reporting company based in Stamford, Connecticut. While the terms of the deal remain undisclosed, it is confirmed that all of Mirador's 180-plus employees will join iCapital, retaining equity in the firm. The acquisition, expected to close within 30 days, reflects iCapital's commitment to enhancing its offerings and streamlining services for advisors.
Founded in 2013, iCapital has rapidly grown to manage over $180 billion in client assets, with significant investments totaling close to $500 million since 2021. The acquisition of Mirador aligns with iCapital's mission to democratize alternative investments and provide comprehensive solutions for advisors. Mirador's expertise in data aggregation and reporting complements iCapital's existing services, aiming to address challenges faced by advisors in managing disparate investments effectively. This strategic move underscores iCapital's dedication to automation and innovation within the financial industry, further enhancing its position as a leading platform for alternative investments.
