iCapital, a fintech platform specializing in alternative investments, has raised over $820 million in new funding, boosting its valuation to $7.5 billion. The round—co-led by SurgoCap Partners and T. Rowe Price—will support strategic acquisitions, global expansion, and continued tech development, building on iCapital’s 23+ prior acquisitions and $945 billion in assets serviced. The new funding reflects rising investor interest in capital markets and wealthtech, with iCapital positioning itself as the digital infrastructure leader for private market access and investment solutions.

Alt Investment Platform iCapital Raises $820M at $7.5B Valuation with an Eye Toward Acquisitions