iCapital has announced that it will hire 100 employees for the company’s offices in New York, Greenwich, and Lisbon. Capital touted that it is bucking the layoff trend.
Capital said the increasing number of employees is due to growing demand from high-net-worth investors seeking alternative investments like private firms, hedge fund offerings and more.
iCapital said there are hiring across various responsibilities, including software engineers, product managers, and infrastructure developers
As of November 30, 2022, iCapital reports that it services over $149 billion in global client assets, of which about $30 billion are from international investors across more than 1,180 funds.
Lawrence Calcano, Chairman and CEO of iCapital, said they are thrilled to be able to so many new people to their team.
“The team is dedicated to providing cutting-edge technology, and these new hires will help us continue to push the boundaries of what is possible in the wealth management industry to help investors reach their goals.”
iCapital-managed platforms offer wealth advisors and their high-net-worth clients’ access to a broad menu of private investments, including private securities.