War Chest Ready for Strategic Moves
The newly secured funds will fuel targeted acquisitions, further enhancing iCapital’s platform with expanded tech and data capabilities, said Michael Kushner, the company’s CFO. The goal? Equip asset managers with tools that increase investor access, diversify portfolios, and streamline investment lifecycles for both clients and advisers.
“They’ve not only built a scalable infrastructure but also set the operational standard for private markets,” said David DiPietro, Head of Private Equity at T. Rowe Price. “It’s rare to find a company that combines technical prowess with such a deep understanding of the asset management ecosystem.”
The Legal Architects Behind the Deal
Guiding the deal was a Ropes & Gray LLP team led by venture capital and emerging companies partner Brad Flint, with key contributions from CFIUS partner Emerson Siegle, executive compensation partner Jenny Rikoski Whitney, and tax partner Pamela Glazier. The legal team helped navigate the complex layers of this multi-party investment with the precision required for a deal of this scale.
