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iCapital Surges to $7.5B Valuation with $820M Raise, Fueling the Future of Alternative Investing

It’s been quite a memorable week for iCapital, the global fintech platform with $257 billion in alternative assets. They’ve just raised $820 million in their latest fundraising round, which values the company at over $7.5 billion – a notable increase on its last valuation of approximately $6 billion in 2022 according to PitchBook. T. Rowe Price and SurgoCap Partners co-led the round. The fresh capital injection will be used to support strategic acquisitions as iCapital continues to transform the investing experience.  “As demand for alternatives, structured investments and annuities accelerates, we remain committed to delivering scalable solutions that empower advisors, fund managers and other infrastructure providers…” commented Lawrence Calcano, Chairman and CEO of iCapital. The announcement is a nice reminder that when everyone in your organisation rows in the same direction, you can surgo towards new frontiers of growth.

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