iCapital in $146 Million Funding Round

March 25, 2020

Cleary Gottlieb represented Institutional Capital Network Inc. (iCapital) in its $146 million funding round.

The funding round was led by Ping An Global Voyager Fund and included Affiliated Managers Group, BlackRock, Blackstone, BNY Mellon, Goldman Sachs, Hamilton Lane, UBS and WestCap.

iCapital is a financial technology platform leading the industry in driving access and efficiency in alternative investing. As of December 31, 2019, it services more than $46.6 billion in invested capital across more than 100,000 underlying accounts.