iCapital, a global fintech platform providing access and efficiency in alternative investing for the asset and wealth management industries, has acquired Bank of Singapore’s in-house private market feeder fund platform.
With the deal, iCapital takes over the management and operation of the bank’s private market feeder funds while Bank of Singapore retains client servicing responsibilities.
Following the close of the transaction, iCapital services approximately USD114 billion in global private assets, of which more than USD27 billion are from international investors (non-US Domestic), across more than 940 funds.
The deal builds on a long-standing partnership between the two companies. Bank of Singapore previously tapped iCapital to build out a technology and feeder fund solution to offer the bank’s advisors a seamless, intuitive platform for selecting private market investments for inclusion in client portfolios including private equity, private credit, and real assets.
iCapital’s ‘flagship’ platform offers wealth advisors and their high-net-worth clients access to a curated menu of private equity, private credit, hedge funds, structured notes, and other alternative investments.
