Fintech iCapital valued at over $7.5 billion in latest fundraise

Alternative investments fintech iCapital was valued at more than $7.5 billion in its latest external funding round, where it raised more than $820 million, the company said on Thursday, highlighting increasing investor interest in platforms that expand access to private-market strategies.

Asset managers are pursuing individual investors and smaller wealth-management clients for private market investments, which have traditionally been limited to institutional investors such as pension funds and university endowments.