Different funding fintech iCapital is about to accumulate UBS Fund Advisor for an undisclosed sum.

The deal contains UBS’s legacy proprietary various funding supervisor and the feeder fund platform it manages. The platform, often known as AlphaKeys Funds, contains personal fairness, hedge fund and actual property feeder funds and represents greater than $7 billion in shopper belongings.

iCapital acquires UBS Fund Advisor

Following the acquisition, set to finalise in H2 2022, iCapital will assume the administration and operation of the platform whereas UBS monetary advisors will proceed to serve its excessive and ultra-high-net-worth purchasers that maintain feeder funds.

Lawrence Calcano, chair and CEO of iCapital, says the corporate “has a long-standing world relationship with UBS” via which it utilises its expertise “to facilitate the administration of their direct and feeder funds on a single platform and provide their advisors the instruments they have to be profitable”.

UBS World Wealth Administration world co-head of different funding options Jerry Pascucci says iCapital will handle the continued operations of the platform and repair UBS purchasers’ present investments, “enabling us to assist our monetary advisors deal with what’s necessary – offering personalised recommendation and options to their purchasers”.

UBS invested in iCapital in 2017, with iCapital structuring new feeder funds for UBS to distribute. UBS additionally built-in iCapital’s proprietary expertise into its personal fund operations to automate its various funding choices.

In 2021, the strategic partnership was expanded to additional digitise the united statesAdvisor platform, enhancing the data and analytics of purchasers’ personal market investments throughout its worldwide places.