MAI Capital Management has formed a strategic partnership with fintech platform iCapital to power its expanding alternatives platform, as demand for private market exposure continues to rise among high-net-worth and ultra-high-net-worth clients.

The partnership integrates iCapital’s end-to-end technology across MAI’s operations, streamlining fund finance, data reconciliation, document handling, and fund administration. The collaboration also allows MAI’s in-house investment professionals to conduct due diligence more efficiently and build tailored private market portfolios.

“We took great care in selecting a technology partner to support and scale our alternatives business and felt a natural fit with the team at iCapital,” said Kurt Nye, Chief Investment Officer and Managing Partner at MAI. “With the support of iCapital, our team can now spend more time focusing on our diversified portfolios, balancing risk and deepening client relationships.”

The agreement also includes a transition of certain existing fund management responsibilities to iCapital. MAI’s private markets platform currently offers access to private equity, venture capital, real assets, hedge funds, and private credit strategies.

Steve Houston, Managing Director and Co-Head of iCapital Solutions, said: “As private market allocations become an increasingly important component of diversified investment portfolios, we share a common goal with MAI to help advisers scale without losing sight of what matters—helping their clients achieve better financial outcomes.”

The move underscores the growing role of digital infrastructure in enabling registered investment advisers to deliver institutional-grade private market access without sacrificing high-touch client service.

Source: Yahoo Finance