What's New In Investments, Funds? - Addepar, iCapital, Griffin

Editorial Staff

17 June 2021

Addepar
Investment firm DI Capital Partners has raised $150 million in financing for Addepar, the wealth technology platform, to help drive further growth.

Addepar has amassed more than $2.7 trillion in client assets on its platform, and serves more than 600 family offices, registered investment advisors, private banks and large financial institutions across more than 25 countries. It was founded in 2009

“Addepar has a unique opportunity to rapidly expand the platform to address the $225 trillion in investible assets around the world. We look forward to partnering with them on this journey,” Prateek Bhide, principal at D1 Capital Partners, said.

Founded in 2018 by Daniel Sundheim, D1 focuses on investing in the global internet, technology, telecom, media, consumer, healthcare, financial, industrial, and real estate sectors.

iCapital, Griffin
Tech investments platform iCapital Network is partnering with Los Angeles-based Griffin Capital Company, an alternative investment asset manager, giving wealth managers more access to Griffin’s offerings. The pact adds to a series of agreements that iCapital has inked in recent months, such as with BlackRock and Nuveen.

Founded in 1995, Griffin Capital has owned, managed, sponsored or co-sponsored investment programs encompassing over $20 billion in assets.

iCapital’s technology solution automates the alternative investing subscription process for advisors and their high net worth clients.

The rise of iCapital is sometimes attributed to alternative investments - such as private equity and hedge funds, once the preserve of big institutions and ultra-wealthy individuals - being democratized. The global market for alternative investments is worth more than $10.7 trillion, and is expected to grow 9.8 per cent by 2025.