iCapital Network, a US fintech platform democratizing alternative investments for high-net-worth individuals and their advisors, announced on Tuesday it has teamed up with Nasdaq Private Market to create an integrated secondary marketplace for iCapital sponsored funds through the NPM platform. According to iCapital, the collaboration will offer liquidity solutions to advisors and their high-net-worth clients who have private equity investments in their portfolios.
iCapital also reported that NPM’s qualified matching service will give investors who have holdings in its sponsored funds, which is on the iCapital flagship platform or on third-party platforms powered by iCapital technology, the option to put private holdings up for auction. NPM’s technology will be integrated with iCapital’s platform technology to automate the secondary marketplace, easing the operational process and adding transparency for advisors and their high-net-worth client base. Speaking about the partnership, Lawrence Calcano, CEO of iCapital Network
“We are continually listening to advisors and anticipating their needs to ensure we are delivering a superior set of capabilities. Illiquidity is frequently cited as an obstacle to investing in private asset classes. This partnership with Nasdaq Private Market will provide a crucial tool to help advisors confidently mitigate liquidity obstacles for their clients. This is a true milestone in iCapital’s journey to offer the high-net-worth advisory community and their investors the same opportunities to effectively manage an alternatives portfolio that institutional investors have long enjoyed.”
iCapital added it is expected to launch the first auction on the integrated NPM platform later this year.