Alongside the investment, UBS will incorporate iCapital’s proprietary technology into its private fund operations to streamline and automate its alternative investment offering. The relationship emphasizes the importance of alternatives in a holistic wealth management approach while signaling a need for an industry-wide solution to the manual and paperwork-intensive processes traditionally associated with private investments. “We are excited to re-engineer our alternatives infrastructure and equip our financial advisors with the efficiencies, intelligence and controls of tech-enabled workflows. iCapital’s proprietary technology and end-to-end service offering provide a seamless operational solution, making these strategies and exposures more accessible and helping advisors deliver better service to their ultra-high-net-worth clients,” said Jerry Pascucci, Managing Director at UBS and Head of Alternative Investments, Wealth Management Americas. Terms of the transaction were not disclosed.

http://www.businesswire.com/news/home/20170711005469/en/iCapital%C2%AE-Network-Secures-Strategic-Investment-UBS