iCapital buys Wells Fargo business to create $58bn platform

The iCapital Network announced that it has signed a deal to acquire the alternative investments platform from Wells Fargo’s Global Alternative Investments division.

Upon the close of iCapital’s purchase of the Artivest platform and this deal, the platform will service a nearly $58 billion in client assets across more than 720 funds with 120,000 underlying accounts and more than 70 white label products, according to an announcement from the firm.

With the . . .

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