iCapital Acquires Citi Wealth’s Alternatives Feeder Platform
iCapital, the global fintech platform reshaping investment landscapes, has agreed to purchase Citi Global Alternatives, LLC from Citi. This subsidiary advises Citi Wealth’s global alternative investment fund platform, which spans over 180 funds across diverse strategies—private equity, credit, real estate, and hedge funds.
The deal includes iCapital providing dedicated sales and service support to amplify Citi’s alternatives program. The MOVE signals growing institutional appetite for alternative assets, though cryptocurrencies remain absent from the announced portfolio.