Nuveen, a leading global investment manager with over $1 trillion of assets under management, and iCapital Network1, the global financial technology platform driving access and efficiency in alternative investing for the asset and wealth management industries, today announced an expanded partnership in which iCapital will provide a customized technology, service, advisory and distribution solution for advisors and their high-net-worth clients seeking access to Nuveen’s real estate and private capital offerings.
Designed to overcome many of the long-standing challenges of investing in alternatives, the iCapital technology and service offering automates the subscription, administration, operational and reporting processes for the life of the investment. iCapital also provides a full suite of research, due diligence and educational materials to advisors and investors.
“From real estate and real assets to private credit, offering alternative investment opportunities can help advisors and their clients generate additional alpha and navigate a low rate environment,” said Mike Perry, head of Nuveen’s Global Client Group. “By expanding our partnership with iCapital, we’re able to bring more asset classes and alternative investment brands now and in the future to a broader set of clients with solutions that fit seamlessly within our offering.”
With more than $220 billion in alternative assets under management and more than 40 years as an active private capital investor, Nuveen’s extended partnership with iCapital comes amid a surging interest in alternative investing from the wealth management community and particularly among accredited investors, who have historically lacked access to appropriately structured alternative investing opportunities.
New fund structure innovations and technology enhancements from iCapital give advisors and their accredited investor clients the opportunity to take advantage of the return and diversification potential of private investments.
“We are thrilled to partner with Nuveen to support their priority of providing institutional-style access to alternatives to advisors and their clients,” said Lawrence Calcano, Chairman and CEO of iCapital Network. “Beyond providing a selection of quality funds, automation that eases the investing and servicing processes of these investments is key to unlocking this asset class for advisors, and innovative partnerships like this are exciting steps forward for the wealth management industry.”