Temasek leads $440 million investment round for iCapital Network
The $280 billion Singapore sovereign wealth fund Temasek led the latest fundraising round for iCapital Network, which has seen its valuation soar to $4 billion.
An alternative investment industry who’s who, the new investors in iCapital include Owl Rock, MSD Partners, Noah Holdings and Golub Capital. Add-on commitments came from existing investors WestCap, Ping An Voyager Partners, Blackstone, UBS, Pivot Investment Partners, BNY Mellon, Wells Fargo, Morgan Stanley and Goldman Sachs Asset Management.
iCapital officials said they plan to use the proceeds from the capital raise to enhance its platform technology, expand the . . .
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