iCapital Network to Acquire AI Insight


iCapital Network, a global financial technology platform driving access and efficiency in alternative investing for the asset and wealth management industries, is to acquire the assets of AI Insight, Inc., an alternative investment education and compliance platform offering financial advisors investment research, training, qualification, and compliance support for a broad range of alternative investments, including private capital, hedge funds, non-traded REITs and BDCs, and alternative mutual funds.

The amount of the deal was not disclosed. Under the deal, Sherri Cooke, President and CEO, and Jennifer Simon, COO of AI Insight, and eight additional AI Insight employees are expected to join the iCapital team.

AI Insight offers a learning management system that provides unbiased, fund-specific e-learning modules on private investment strategies to independent broker dealers and registered investment advisors focused on expanding the scope of products available to their clients. Advisors can study the specific structure, methods, and performance of a fund, and complete an assessment to demonstrate their mastery of the fund information, fulfilling their compliance and regulatory commitments, all within a single workflow.

Led by Lawrence Calcano, Chairman and Chief Executive Officer, iCapital Network provides a financial technology platform that offers advisors and their clients access to a curated menu of private equity, private credit, hedge funds, and other alternative investments at lower minimums with a full suite of due diligence, administrative support and reporting in a secure digital environment. Wealth management firms use iCapital’s technology solutions to provide clients with quality funds and simplified operational workflows in an intuitive digital experience. Asset managers and banks leverage iCapital’s tech-enabled services to streamline and scale their private investments operational infrastructure.