State Street partners with iCapital Network for alts distribution

State Street has entered into a new partnership with iCapital Network, the financial technology platform specialising in alternative investment. The collaboration will combine State Street’s registered transfer agency and private market fund administration capabilities with iCapital’s platform technology and distribution network to enhance the offering and servicing of U.S. registered funds. With high net worth investors and family offices increasingly seeking access and exposure to alternative asset classes, this collaboration will allow State Street’s alternative fund manager clients to simplify and accelerate the launch of registered private market products, establish scaled access to the wealth management channels, monitor fund raising activities, and utilise a comprehensive, fully searchable database of all their investor documents across all funds.