A major fintech company, iCapital, an industry leader in fintech globally, has declared an acquisition deal with Passthrough. The acquisition will obviously benefit iCapital, as it will definitely help in enhancing the solutions provided to asset managers. Passthrough is a leading platform known for providing services related to investor identity and onboarding. A Passthrough platform helps fund managers streamline KYC/AML compliance as well as subscription. Thus making it an ideal addition to iCapital Identity Solutions. Thereby, it would be able to offer a cohesive solution for GP firms. Allowing investors of any kind, size, or strategy to onboard efficiently.
“iCapital began with a clear focus on modernizing and simplifying how GPs connect with the wealth channel. The acquisition of Passthrough is a natural extension of that focus and expands our capabilities. To support the global GP community as they engage with and serve all of their LPs across. The wealth and institutional markets,” said Lawrence Calcano, Chairman and CEO of iCapital. “We are excited to welcome Passthrough and their talented team to iCapital, and together. We will continue to deliver a more unified, seamless client experience across the investment industry.”
Expanding Scale and Efficiency in Alternative Investments
In 2025, institutional flows to alternative investments exceeded $1.30 trillion. With this acquisition, there is an enhancement of scalability for asset managers through operational efficiency & a seamless experience for clients. The platform now boasts more than 1,200 GPs. Product providers across the globe are providing a robust experience in compliance reporting and operations. Through the powerful combination of Passthrough’s cutting-edge technology and iCapital’s global platform. There is a goal to revolutionize the investment experience within the private markets landscape for wealth managers and institutional investors.
“We are thrilled to join the iCapital team and integrate our investor identity. Onboarding technology capabilities with iCapital’s global platform. Together, we will accelerate the industry’s shift toward a unified, identity-first standard. For the entire alternative investment ecosystem,” said Tim Flannery, CEO and Co-founder of Passthrough.
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News Source: Businesswire.com
