Story perspectives

iCapital Acquires Citi Global Alternatives to Boost Wealth Management

5/14/2025

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Summary

iCapital Expands Operations

iCapital acquired Citi Global Alternatives, managing over 180 alternative funds, to strengthen wealth management.
iCapital will oversee daily operations, with Citi continuing as the investment advisor.
The acquisition simplifies Citi's operations and enhances access to private investments.
Twenty Citi employees will transition to iCapital under the agreement.
This acquisition is iCapital's 14th, reinforcing its position in the alternatives market.

Summary

Investors Shift Strategies

Wealthy Asian investors are increasingly allocating funds to private equity and hedge funds over the next five years.
Younger investors, influenced by generational wealth transfer, prefer venture capital and ESG strategies over traditional assets.
Innovative platforms in Africa are enhancing access to private markets for smaller investors, boosting pre-IPO engagement.
Retail investors are turning to private credit for income alternatives amid sustained high-interest rates.
Southeast Asia and India are emerging as hotspots for private capital, driven by supportive regulations and dynamic startups.

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iCapital Expands Operations

iCapital acquired Citi Global Alternatives, managing over 180 alternative funds, to strengthen wealth management.
iCapital will oversee daily operations, with Citi continuing as the investment advisor.
The acquisition simplifies Citi's operations and enhances access to private investments.
Twenty Citi employees will transition to iCapital under the agreement.
This acquisition is iCapital's 14th, reinforcing its position in the alternatives market.

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