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iCapital raises heart-stopping $440 million at $4-billion valuation , after signing big deals to become the alts engine of Envestnet and Allfunds


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The 2013-founded, New York City-based alternatives investments company has positive cash flow, high growth and the growing support of more giants and RIAs
Brooke s Note: The list of platinum-plated investors in iCapital is almost a spoof of itself because it includes Blackstone, UBS, BNY Mellon, Wells Fargo, Morgan Stanley, Goldman Sachs Asset Management, BlackRock, The Carlyle Group, Credit Suisse, JPMorgan Chase and KKR. It s hard not to wonder how the head of such a venture could manage all those high self-esteem backers. My best answer really comes from my interview with CEO and Chairman Lawrence Calcano. He was game to answer all questions and to answer them forthrightly neither fact-starved nor freighted in rhetoric. He also seems to genuinely enjoy going into some of the duller details. He evinced much the same enthusiasm about education, credentials and research advancements as discussing promising swanky-bran ....

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