iCapital, a leading global fintech platform specializing in alternative investments, has announced its intention to acquire AltExchange, an AI-driven technology firm focused on alternative investment data management. This acquisition aims to enhance iCapital's data aggregation, management, and reporting capabilities. AltExchange’s platforms, including the AdvisorVue and Digital Custodian Platform (DCP), offer advanced tools for automating data aggregation, standardizing post-investment reporting, and integrating with wealth management systems. The partnership is expected to streamline processes for financial advisors and asset managers, enabling efficient decision-making and client support. Lawrence Calcano, CEO of iCapital, emphasized that AltExchange’s advanced technology aligns with iCapital’s mission to provide end-to-end data solutions for its global client base.
iCapital manages over $200 billion in global platform assets and operates across 17 offices worldwide. The platform provides tools for managing private market investments, structured investments, and annuities. AltExchange’s focus on enterprise-grade security and seamless integrations adds to iCapital’s infrastructure by enhancing document retrieval and enabling real-time performance reporting. Together, the companies aim to support financial advisors and asset managers with tools to optimize portfolio strategies.
