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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.

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