BlackRock to Lead Funding Round in iCapital Network’s Digital Platform

iCapital Network, a financial technology platform and solutions provider for broker-dealers, and private banks, has secured funding from BlackRock (NYSE: BLK), helping inject capital into its initiative to develop a digital alternative investments platform, per a company statement.

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As a key player in the asset and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term space, BlackRock makes for a strategic choice to lead iCapital Network next Funding Round Funding Round Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Read this Term. In addition, Frank Porcelli, the acting Chairman of BlackRock’s US Wealth Advisory business, is slated to join iCapital’s Board of Directors – he will be working closely with the organization as a strategic advisor.

iCapital Network is aiming to develop a digital alternative investments platform, which will take advantage of a growing disparity in the financial services space. Presently, investors remain under-allocated to alternative investments as compared to institutional investors.

Growing Need

However, these individuals are also increasingly receptive to utilizing alternatives that can play an instrumental role in state-of-the-art portfolio construction. iCapital’s online platform was designed with this in mind, which will aim to foster private investment opportunities via an independent originat that prioritizes quality offerings from a wide range of top managers, whilst providing an end-to-end technology solution.

According to Lawrence Calcano, CEO of iCapital Network, in a recent statement on the funding: “We are building the largest independent digital alternative investments platform in the industry. In BlackRock, we have an investor who understands the importance of technology’s role in the wealth management ecosystem. BlackRock’s decision to lead our next round of funding validates the steps we’ve taken thus far and gives us a springboard to scale the platform for future growth.”

“iCapital’s combination of due diligence capabilities, technology and relationships with alternative asset managers seamlessly facilitates investments in hedge funds and private equity funds, including BlackRock Alternative Investors,” explained Mr. Porcelli, in an accompanying statement.