iCapital^® and Wellington Management Forge Global Partnership to Enhance Access to Institutional-Quality Alternative Investments

BOSTON, NEW YORK & ZURICH – October 4, 2023 – iCapital¹, the global fintech platform driving access to alternative investments for the wealth management industry, and Wellington Management, one of the world's largest privately-owned Asset Managers with US$1.1 trillion under management, announced a partnership to deliver Wellington's suite of alternative investment opportunities to the wealth management channel on a global scale.

As part of this collaboration, iCapital will leverage its cutting-edge technology to facilitate the distribution of Wellington's comprehensive range of alternative investment capabilities to wealth management professionals worldwide. The partnership reflects Wellington's strategic commitment to expanding its alternative investments platform, particularly within the wealth management channel.

"We are honored to join forces with Wellington to unlock new opportunities for Wealth Managers and their clients," said Marco Bizzozero, Head of International at iCapital.” By combining iCapital's technology-driven platform with Wellington's industry-leading asset management capabilities, we aim to deliver a seamless and comprehensive solution for Wealth Managers looking to incorporate alternative investments into their client portfolios."

The partnership will have a global reach, covering key markets in Asia, EMEA, North America, and Latin America. This expansive footprint will enable Wealth Managers in these regions to access Wellington's alternative offerings through iCapital's platform, streamlining the investment process and enhancing investment options for their clients.

iCapital and Wellington share a common vision of broadening access to alternative investments and delivering value to investors and wealth management professionals alike. This partnership aims to create a more efficient and transparent private market investment ecosystem, fostering growth and innovation in the wealth management sector.

“We are excited to provide Wealth Managers access to funds on Wellington Management’s $32billion hedge fund and private equity platform. Our partnership with iCapital allows us to meet our clients’ growing appetite for alternative investments,” said Michael Carmen, Private Equity Lead Portfolio Manager, and Co-Head Private Investments at Wellington Management.

Cindy Marrs, Head of Global Wealth Management at Wellington Management said: “Alternative investments are a strategic priority for our wealth management partners. Delivering our investment solutions in an efficient and accessible manner is a key part of helping our end beneficiaries meet their financial goals.”

¹iCapital, Inc., and its affiliates (together, “iCapital”)

About Wellington Management

Wellington Management is one of the world’s largest independent investment management firms, serving as a trusted adviser to over 2,500 clients in more than 60 countries. The firm manages more than US$1.1 trillion for clients, including pensions, endowments and foundations, insurers, and global wealth managers². Wellington offers investment solutions that span global equity, fixed income, currency, commodity, alternatives, and private markets. Wellington’s Private Investing platform has raised US$8 billion³ in global assets and invests in early-stage venture through late-stage growth across multiple sectors (consumer, technology, health care, financial services, biotechnology, and climate technology) and geographies (Asia, Europe, and the Americas). The Private Investing Team leverages Wellington’s 1,000+ investment professionals around the world, combining deep private market experience with public market expertise, extensive networks, and robust research to benefit both investors and entrepreneurs. 

For more on Wellington’s Private Investing platform, please visit wellington.com/privateinvesting.    

About iCapital

Founded in 2013, iCapital is the leading global fintech company powering the world’s alternative investment marketplace. iCapital has transformed how the wealth management, banking, and asset management industries facilitate access to private markets investments for their high-net-worth clients by providing intuitive, end-to-end technology and service solutions; education tools and resources; and robust diligence, compliance, and portfolio analytics capabilities. iCapital’s solutions enable organizations to streamline and scale their operational infrastructure for alternative investments and to provide access to direct investments and feeder funds at lower minimums through simplified digital workflows.

iCapital-managed platforms offer wealth advisors and their high-net-worth clients access to an extensive menu of private investments, including equity, credit, real estate, infrastructure, hedge funds, structured investments, annuities, and risk-managed solutions. iCapital has been recognized on the Forbes Fintech 50 list each year from 2018 to 2022, the Forbes America’s Best Startup Employers in 2021, 2022, and 2023, and MMI/Barron’s Industry Awards as Solutions Provider of the Year in 2020, 2021, and 2022.

As of August 31, 2023, iCapital services over $166 billion in global client assets, of which about $28 billion are from international investors (non-US Domestic) across more than 1,300 funds. Employing more than 1,200 people globally, iCapital is headquartered in NYC and has offices worldwide, including in Zurich, London, Lisbon, Hong Kong, Singapore, and Toronto.

For more information, visit www.icapital.com  | Twitter: @icapitalnetwork  | LinkedIn: https://www.linkedin.com/company/icapital-network-inc

²As of June 30, 2023 | ³As of May 31, 2023. This reflects the committed capital of, and investments made by, dedicated private equity funds, and a special purpose “warehousing” vehicle formed to hold certain investments prior to close.

The material herein has been provided to you for informational purposes only by iCapital, Inc. (“iCapital”). This material is the property of iCapital and may not be shared without the written permission of iCapital. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission of iCapital.

This material is provided for informational purposes only and is not intended as, and may not be relied on in any manner as legal, tax or investment advice, a recommendation, or as an offer to sell, a solicitation of an offer to purchase or a recommendation of any interest in any fund or security offered by iCapital. You should consult your personal accounting, tax and legal advisors to understand the implications of any investment specific to your personal financial situation. This material does not intend to address the financial objectives, situation or specific needs of any individual investor. Alternative investments are complex, speculative investment vehicles and are not suitable for all investors.

The information contained herein is an opinion only, as of the date indicated, and should not be relied upon as the only important information available. Any prediction, projection or forecast on the economy, stock market, bond market or the economic trends of the markets is not necessarily indicative of the future or likely performance. The information contained herein is subject to change, incomplete, and may include information and/or data obtained from third party sources that iCapital believes, but does not guarantee, to be accurate. iCapital considers this third-party data reliable, but does not represent that it is accurate, complete and/or up to date, and it should not be relied on as such. iCapital makes no representation as to the accuracy or completeness of this material and accepts no liability for losses arising from the use of the material presented. No representation or warranty is made by iCapital as to the reasonableness or completeness of such forward looking statements or to any other financial information contained herein.

The manner of circulation and distribution of this document may be restricted by law or regulation in certain countries, including the U.S. This document is not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, including the U.S., where such distribution, publication, availability or use would be contrary to law or regulation or which would subject iCapital to any registration or licensing requirement within such jurisdiction not currently met within such jurisdiction. Persons into whose possession this document may come are required to inform themselves of, and to observe, such restrictions. It is the responsibility of the recipient of this document to comply with all relevant laws and regulations.

Alternative investment products and services may be offered through iCapital Securities, LLC. Structured investment products and services may be offered through Axio Financial LLC and/or SIMON Markets LLC. iCapital Securities LLC, Axio Financial LLC, and SIMON Markets LLC are each a registered broker/dealer, member FINRA and SIPC, and an affiliate of Institutional Capital Network, Inc. (“iCapital”). Alaia Capital LLC, an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”), acts as a portfolio consultant to m+ funds and is an affiliate of iCapital. Outcome Driven Strategies, LLC and Cornerstone Advisory, each an investment adviser registered with the SEC, provide investment advisory services for the structured investment separately managed accounts described herein. Outcome Driven Strategies, LLC is jointly owned by Axio Advisors LLC and Cornerstone Advisory (not affiliated with iCapital). 

© 2023 iCapital, Inc. All Rights Reserved.

iCapital US Media Contact
North America, Morgan Miller
icapital@neibartgroup.com / +1 919-602-2806

UK, Ben Cope
icapital@eternapartners.com / +44 (0)7503 408 251

France, Karen Le Cannu
karen.lecannu@aurreracomms.com / +33 (0)6 98 23 86 13

Italy, Sabrina Ragone
S.Ragone@barabino.it / +39 02/72.02.35.35

Switzerland, Tanja Kocher
tanja.kocher@holisticom.ch / +41 79 703 49 88

Germany/Austria, Nadja Vetter
nadja.vetter@aurreracomms.com / +49 (0)174 734 7740

Asia, Marylene Guernier
icapital@secnewgate.hk / +852 5225 7820

Wellington UK Media Contact
London, Stacey Willoughby
swilloughby@wellington.com  / +44 7504 986 242

UK, Maria Jose Gonzalez
mjgonzalez@prosek.com / +44 778 7775 714

Germany, Sandra Landsfried
Sandra.landsfried@publicimaging.de / +49 151 11 36 27 25

Italy, Roberto Patriarca
roberto.patriarca@community.it / +39 335 650 9568

Spain, Sandra Venero
sandra.venero@a-mas-a.com / +34 635 265 030