Fintech Platform iCapital Network Joins Forces With PGIM Investments

PGIM Investments, the retail distribution arm of PGIM, Inc., announced on Wednesday it has formed a new partnership with iCapital Network, a fintech providing access to alternative investments. Through the collaboration, iCapital will provide a customized technology solution to augment PGIM Investments’ distribution and servicing capabilities.

“iCapital’s technology will provide a seamless end-to-end alternative investing capability that includes automated subscriptions, administration, document management and reporting. The new partnership with PGIM Investments will streamline distribution and access, ease operational burdens, and improve the user experience, empowering the advisor community to provide the highest level of service to their clients.”

While sharing more details about the partnership, Lawrence Calcano, Chairman and Chief Executive Officer of iCapital Network

“Supporting the high-net-worth advisory space with innovative technology has been the enduring priority for iCapital since we started the business, and our fully digital offering has proven to offer a distinct advantage as advisors execute remote business operations. We see this relationship as further testament to our efforts to equip the asset and wealth management industries with an industry-wide solution, and we are truly honored that PGIM Investments has chosen to work with us.”

Founded in 2013, iCapital Network’s mission is to power the world’s alternative investment marketplace, with Its financial technology platform seeking to transform the way alternative investments are bought and sold through the development of tech-based solutions for advisors, their high-net-worth client base, asset managers and banks.

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