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iCapital, a global fintech platform specializing in alternative investments, is looking to enhance its support for financial advisors and asset managers as it plans to acquire an AI-driven data and reporting platform provider. On Wednesday, the company revealed it has entered into a definitive agreement to acquire AltExchange, which it says will enhance its data management capabilities, effectively streamlining post-investment processes and improving decision-making across private markets.
“This acquisition complements the investments we are making in our internal R&D to further enhance our data management capabilities," he said. "Combined with our existing solutions, it allows us to deliver on our goal of creating reliable end-to-end data management services for all our clients.”
https://www.investmentnews.com/alternatives/icapital-seals-deal-to-scoop-up-altexchange/257961
