The
Wells Fargo global alternative investments feeder fund platform
provides brokerage and wealth management clients the ability to
invest in private equity, private debt, hedge funds, private
real estate and direct private investments.
As part of the deal, which is expected to close in the second
half of 2020, iCapital will offer employment to those Wells
Fargo staff who currently support operations for the platform.
Wells Fargo, which will continue to provide clients with its
existing investment services, also said it was making an
investment of an undisclosed amount in iCapital, as part of its
latest fundraising round.
(Reporting by C Nivedita; Editing by Shounak Dasgupta)
[© 2020 Thomson Reuters. All rights
reserved.] Copyright 2020 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
![](column_spacer.png)
|
|