iCapital, the fintech platform driving access to alternative investments for the wealth management industry, announced the recent expansion and official opening of its new Lisbon office “as the company’s global hub for technology development and operations.”
In the past 24 months, iCapital increased its global assets “outside of the US from US$8 billion to US$32 billion, representing over 20% of iCapital’s total platform assets of $148 billion.”
Its international footprint currently “includes offices in Zurich, London, Hong Kong, Singapore, and Toronto, and comprises over 230 of the 1,043 total employees now based outside the US.”
The presence in Portugal is “key to iCapital’s global ambitions.” Following the acquisition of Portugal-based product development company Runtime Group Ltd in October 2020, iCapital significantly “expanded its presence in Lisbon and currently employs over 150 people in Portugal, across engineers, developers, designers, operations, and central support functions.”
Marco Bizzozero, iCapital’s Head of International, said:
“Our expansion in Lisbon is of great importance to our global growth strategy and will further enhance iCapital’s industry-leading technology and solutions leveraging the excellent talent pool in Portugal. We are very pleased that we can officially open our new office located in one of Lisbon’s prime locations.”
iCapital’s Lisbon office is “led by Vanda de Jesus, who joined the company earlier this year as Country Head of Portugal.” Prior to joining iCapital, Mrs. Jesus was “the Executive Director of Portugal Digital in charge of the country’s digital transformation.”
Mrs. Jesus added:
“I’m proud that iCapital is investing in local talent to transform the way the asset and wealth management industries leverage technology to provide access to private market investment opportunities for individual investors.”
With the recent office expansion, the technology and operational hub “can accommodate up to 250 people in Avenida Liberdade 131.”
With more than 2,000 square meters, iCapital is “the largest tenant in the 18th-century building, occupying three floors, plus a cafeteria on the fourth floor.”
Founded in 2013, iCapital claims it 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.”
As of September 30, 2022, iCapital reportedly “services more than US$148 billion in global client assets, of which more than US$32 billion are from international investors (non-US Domestic) across more than 1,150 funds.”
Employing more than 1,040 people globally, iCapital is “headquartered in NYC and has offices worldwide, including in Zurich, London, Lisbon, Hong Kong, Singapore, and Toronto.”