iCapital Network, KKR Partner Up On New Fund For US Investors
Alternative investments fintech platform iCapital Network and private equity giant KRR have partnered up to launch the iCapital KKR Private Markets Fund, a new fund for US accredited investors which will allocate capital across a range of KRR’s private equity products.
“Advisors are seeking quality registered fund offerings to meet their investors’ burgeoning appetite for alternative investments such as private equity, and the important role they play in diversifying a portfolio,” said Lawrence Calcano, Chairman and CEO of iCapital Network. “This is a unique opportunity to offer investors access to one of the most respected investment managers in an established, innovative product customized for accredited investors.”
iCapital RF Adviser, a registered investment adviser and subsidiary of iCapital, has been appointed investment adviser of the iCapital KKR Private Markets Fund. The appointment expands the scope of iCapital’s business model to include registered fund management. iCapital Securities, LLC has been appointed the distributor of the Fund.
The iCapital RF Adviser team is led by Nick Veronis, Head of Portfolio Management, Co-Founder and Managing Partner of iCapital Network. iCapital RF Adviser is responsible for investment selection, portfolio construction, and operational oversight of the Fund.
“The dispersion of returns in private equity is extremely wide,” said Veronis. “The ability to access a diversified portfolio of investments sourced and managed by KKR, one of the most established and experienced firms in the industry, represents a unique opportunity for accredited investors.”
KKR has also taken a stake in iCapital following the announcement.
© The Sortino Group Ltd
All Rights Reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or scanning or otherwise, except under the terms of the Copyright, Designs and Patents Act 1988 or under the terms of a licence issued by the Copyright Licensing Agency or other Reprographic Rights Organisation, without the written permission of the publisher. For more information about reprints from AlphaWeek, click here.