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FundFire: New iCapital Acquisition to Create Integrated Insurance Platform

FundFire: New iCapital Acquisition to Create Integrated Insurance Platform

The post New iCapital Acquisition to Create Integrated Insurance Platform appeared first on iCapital.

NEW YORK — iCapital¹, the global fintech company shaping the future of investing, today announced that it has entered into a definitive agreement to acquire Hexure, a trusted leader in digital and AI-powered sales automation solutions for insurance, financial services, and wealth management. This acquisition advances iCapital’s strategy to create the industry’s first truly end-to-end annuity and insurance technology platform—natively connected to iCapital’s alternatives and structured investments platform—delivering a single operating system that supports the full lifecycle, from discovery and education through order entry and post-sale servicing.

The insurance and alternatives markets are increasingly converging, reshaping capital access and the delivery of investment solutions. Carriers, asset managers, and distributors are working more closely together to offer alternative strategies through insurance-based structures that help financial advisors focus on core client needs—retirement income, tax efficiency, and long-term diversification. Technology is central to enabling this collaboration at scale, supporting education, sales, compliance, and post-sale servicing across the full lifecycle.

“iCapital offers the integrated technology platform that serves as an operating system for alternative investments, structured investments, and annuities—supported by world-class infrastructure and informed by deep insights and data intelligence. With Hexure’s software solutions, we will support the insurance ecosystem end-to-end, from front-end innovation through seamless back-end execution,” said Lawrence Calcano, Chairman and CEO of iCapital. “This strategic acquisition expands our reach and deepens our technology capabilities, unlocking new opportunities to better serve our clients and the broader industry as a whole.”

By combining iCapital’s annuity marketplace, education, and investment lifecycle management solutions and tools with Hexure’s market-leading e-application, illustration, and post-sale workflow technology, iCapital is helping unify a historically fragmented annuity and insurance ecosystem into one connected platform with a seamless investment experience for the industry.

“Joining iCapital allows us to significantly extend the reach and impact of our technology and deliver even greater value to our clients,” said Bill Lucchini, Chief Executive Officer of Hexure. “The progress our team has made positions Hexure well for this exciting new chapter. Together, we will enable critical sales and servicing workflows—helping firms operate more efficiently, scale with confidence, and better serve end investors.”

“The insurance, alternatives, and wealth ecosystems are increasingly interconnected, creating demand for technology that simplifies how products are delivered and managed,” said Ganesh Rao, Managing Director and Head of Financial Services & Technology and Ed Shahnasarian, Managing Director, THL Partners, the majority investor in Hexure. “The company has been at the forefront of digitizing the insurance sales and servicing lifecycle, and we are proud of the progress the team achieved during our partnership. We believe iCapital provides an ideal strategic home to scale Hexure’s capabilities and help deliver a truly integrated platform for the industry.”

Hexure’s FireLight digital sales platform and ForeSight illustration technology will be integrated into iCapital’s broader platform, expanding annuity and life insurance support at scale.

Hexure’s products, teams, and partnerships will continue to serve carriers and distributors, supported by iCapital’s broader platform and resources. For customers of both companies, the combination simplifies how insurance and investment products are accessed and managed through a more connected platform—while maintaining an open‑architecture approach to third‑party solutions and partner flexibility across the ecosystem.

Terms of the transaction were not disclosed.

BofA Securities served as financial advisor to iCapital.

About iCapital
iCapital is a global leader, shaping the future of global investing for financial advisors, wealth managers, asset managers, insurance carriers, and other industry participants. iCapital offers a diverse and complete range of non-traditional investment products on iCapital Marketplace, Enterprise Solutions, and both Technology and Data Services, designed to help drive better outcomes² for all participants in the ecosystem.

With strategic investment from leading alternative asset managers, wealth managers, and service providers globally, iCapital provides broad access, data connectivity, education, and research programs to advisors and their clients. Leveraging AI and machine learning for digital identity (KYC/AML), iCapital supports compliant and secure investment lifecycle processes.

iCapital’s end-to-end platform manages the lifecycle of non-traditional investment products, making it easier to learn about, buy, manage, and integrate alternative assets, structured investments, and annuities into portfolios, driving growth, scale, and efficiency. Our solution(s) can be customized and offers specific modules as needed.

iCapital has more than $1.14 trillion³ of assets serviced globally on its platform, including $300.6 billion in alternative platform assets, $251.4 billion in structured investments and annuities outstanding, and $589.4 billion in client assets reported on, and serves over 3,300 wealth management firms and 123,000 active financial professionals.

Headquartered in New York and Greenwich, CT, iCapital operates globally with 18 offices, including major hubs in Zurich, London, Hong Kong, Singapore, Tokyo, Sydney, Abu Dhabi, and Toronto, and an industry-leading R&D center in Lisbon. iCapital is recognized for its innovation and leadership, with accolades from Euromoney (World’s Best Technology Provider for Wealth Management), CNBC (World’s Top Fintech Companies), and Forbes Fintech 50.

For more information, visit https://icapital.com | X (Twitter): @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc

For media inquiries, please contact:

iCapital

[email protected]

About Hexure
Hexure is the trusted leader in digital and AI-powered sales automation solutions for insurance, financial services, and wealth management.  They help carriers and distributors transform how they sell and service products with technology that accelerates submissions, speeds time to market, and delivers fully digital, compliant workflows. Their solutions improve accuracy, eliminate paper processes, and drive revenue growth. With proven expertise and a commitment to innovation, Hexure’s integrated AI-driven capabilities deliver smarter experiences and greater efficiency, helping carriers and distributors stay competitive in a rapidly evolving market.

THL Partners, a Boston-based private equity firm, is Hexure’s current majority investor.

NEW YORK — iCapital¹, the global fintech company shaping the future of investing, today announced that it has entered into a definitive agreement to acquire Hexure, a trusted leader in digital and AI-powered sales automation solutions for insurance, financial services, and wealth management. This acquisition advances iCapital’s strategy to create the industry’s first truly end-to-end annuity and insurance technology platform—natively connected to iCapital’s alternatives and structured investments platform—delivering a single operating system that supports the full lifecycle, from discovery and education through order entry and post-sale servicing.

The insurance and alternatives markets are increasingly converging, reshaping capital access and the delivery of investment solutions. Carriers, asset managers, and distributors are working more closely together to offer alternative strategies through insurance-based structures that help financial advisors focus on core client needs—retirement income, tax efficiency, and long-term diversification. Technology is central to enabling this collaboration at scale, supporting education, sales, compliance, and post-sale servicing across the full lifecycle.

“iCapital offers the integrated technology platform that serves as an operating system for alternative investments, structured investments, and annuities—supported by world-class infrastructure and informed by deep insights and data intelligence. With Hexure’s software solutions, we will support the insurance ecosystem end-to-end, from front-end innovation through seamless back-end execution,” said Lawrence Calcano, Chairman and CEO of iCapital. “This strategic acquisition expands our reach and deepens our technology capabilities, unlocking new opportunities to better serve our clients and the broader industry as a whole.”

By combining iCapital’s annuity marketplace, education, and investment lifecycle management solutions and tools with Hexure’s market-leading e-application, illustration, and post-sale workflow technology, iCapital is helping unify a historically fragmented annuity and insurance ecosystem into one connected platform with a seamless investment experience for the industry.

“Joining iCapital allows us to significantly extend the reach and impact of our technology and deliver even greater value to our clients,” said Bill Lucchini, Chief Executive Officer of Hexure. “The progress our team has made positions Hexure well for this exciting new chapter. Together, we will enable critical sales and servicing workflows—helping firms operate more efficiently, scale with confidence, and better serve end investors.”

“The insurance, alternatives, and wealth ecosystems are increasingly interconnected, creating demand for technology that simplifies how products are delivered and managed,” said Ganesh Rao, Managing Director and Head of Financial Services & Technology and Ed Shahnasarian, Managing Director, THL Partners, the majority investor in Hexure. “The company has been at the forefront of digitizing the insurance sales and servicing lifecycle, and we are proud of the progress the team achieved during our partnership. We believe iCapital provides an ideal strategic home to scale Hexure’s capabilities and help deliver a truly integrated platform for the industry.”

Hexure’s FireLight digital sales platform and ForeSight illustration technology will be integrated into iCapital’s broader platform, expanding annuity and life insurance support at scale.

Hexure’s products, teams, and partnerships will continue to serve carriers and distributors, supported by iCapital’s broader platform and resources. For customers of both companies, the combination simplifies how insurance and investment products are accessed and managed through a more connected platform—while maintaining an open‑architecture approach to third‑party solutions and partner flexibility across the ecosystem.

Terms of the transaction were not disclosed.

BofA Securities served as financial advisor to iCapital.

About iCapital
iCapital is a global leader, shaping the future of global investing for financial advisors, wealth managers, asset managers, insurance carriers, and other industry participants. iCapital offers a diverse and complete range of non-traditional investment products on iCapital Marketplace, Enterprise Solutions, and both Technology and Data Services, designed to help drive better outcomes² for all participants in the ecosystem.

With strategic investment from leading alternative asset managers, wealth managers, and service providers globally, iCapital provides broad access, data connectivity, education, and research programs to advisors and their clients. Leveraging AI and machine learning for digital identity (KYC/AML), iCapital supports compliant and secure investment lifecycle processes.

iCapital’s end-to-end platform manages the lifecycle of non-traditional investment products, making it easier to learn about, buy, manage, and integrate alternative assets, structured investments, and annuities into portfolios, driving growth, scale, and efficiency. Our solution(s) can be customized and offers specific modules as needed.

iCapital has more than $1.14 trillion³ of assets serviced globally on its platform, including $300.6 billion in alternative platform assets, $251.4 billion in structured investments and annuities outstanding, and $589.4 billion in client assets reported on, and serves over 3,300 wealth management firms and 123,000 active financial professionals.

Headquartered in New York and Greenwich, CT, iCapital operates globally with 18 offices, including major hubs in Zurich, London, Hong Kong, Singapore, Tokyo, Sydney, Abu Dhabi, and Toronto, and an industry-leading R&D center in Lisbon. iCapital is recognized for its innovation and leadership, with accolades from Euromoney (World’s Best Technology Provider for Wealth Management), CNBC (World’s Top Fintech Companies), and Forbes Fintech 50.

For more information, visit https://icapital.com | X (Twitter): @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc

For media inquiries, please contact:

iCapital

[email protected]

About Hexure
Hexure is the trusted leader in digital and AI-powered sales automation solutions for insurance, financial services, and wealth management.  They help carriers and distributors transform how they sell and service products with technology that accelerates submissions, speeds time to market, and delivers fully digital, compliant workflows. Their solutions improve accuracy, eliminate paper processes, and drive revenue growth. With proven expertise and a commitment to innovation, Hexure’s integrated AI-driven capabilities deliver smarter experiences and greater efficiency, helping carriers and distributors stay competitive in a rapidly evolving market.

THL Partners, a Boston-based private equity firm, is Hexure’s current majority investor.

The post iCapital® Acquires Hexure to Create the Industry’s First End-to-End Annuity and Insurance Technology Platform appeared first on iCapital.

NEW YORK—iCapital¹, the global fintech company shaping the future of investing, today announced U.S. iCapital Connect 2026, its flagship, invitation-only, annual conference is taking place March 23-25, 2026 in Phoenix, Arizona. The event gathers top industry executives from private markets, wealth management, financial technology alongside distinguished former U.S. government and military leaders to share perspective on global dynamics, leadership, innovation and the forces shaping markets and long-term investing.

“Connect 2026 brings leaders together to address the most pressing market and technology challenges—and translate them into actionable opportunities for growth,” said Magdalena Pandiloska, Chief Marketing Officer of iCapital. “As AI, geopolitics, regulatory change, and the convergence of public and private markets reshape investing, Connect provides a forum for meaningful dialogue, peer connection, and shared learning. This year’s program brings together education, technology showcases, and practical perspectives across alternatives, structured investments, and annuities—helping wealth leaders learn from one another and move from insight to action.”

iCapital thanks its 2026 Platinum sponsors—Apollo, Ares, Blue Owl, BlackRock, Brookfield, Carlyle, and Hamilton Lane—for their leadership and collaboration. Participation across Platinum, Gold, Silver, Bronze, and Structured Investment and Annuity sponsors reflects a shared commitment to advancing education, innovation, and responsible access across the wealth and asset management landscape.

Agenda Highlights include:

• Market Outlook, Geopolitics, and Macro Risk
• The Next Phase of Private Credit, Private Equity, and Real Assets
• AI, Technology, and Innovation in Investing
• The Future of Wealth, Advice, and Distribution

U.S. Connect 2026 is part of iCapital’s global conference series, with events held across the Americas, EMEA, and APAC, convening leaders worldwide for informed dialogue, collaboration, and shared learning.

About iCapital

iCapital is a global leader, shaping the future of global investing for financial advisors, wealth managers, asset managers, and other industry participants. iCapital offers a diverse and complete range of non-traditional investment products on iCapital Marketplace, Enterprise Solutions, and both Technology and Data Services, designed to help drive better outcomes² for all participants in the ecosystem.

With strategic investment from leading alternative asset managers, wealth managers, insurance carriers and service providers globally, iCapital provides unmatched access, data connectivity, education, and research programs to advisors and their clients. Leveraging AI and machine learning for digital identity (KYC/AML), iCapital supports compliant and secure investment lifecycle processes.

iCapital’s end-to-end platform manages the lifecycle of non-traditional investment products, making it easier to learn about, buy, manage, and integrate alternative assets, structured investments, and annuities into portfolios, driving growth, scale, and efficiency. Our solutions can be customized and offer specific modules as needed.

iCapital has more than $1.14 trillion³ of assets serviced globally on its platform, including $300.6 billion in alternative platform assets, $251.4 billion in structured investments and annuities outstanding, and $589.4 billion in client assets reported on, and serves over 3,300 wealth management firms and 123,000 active financial professionals.

Headquartered in New York, iCapital operates globally with 18 offices, including major hubs in Greenwich, Zurich, London, Hong Kong, Singapore, Tokyo, Sydney, Abu Dhabi and Toronto, and an industry-leading R&D center in Lisbon. iCapital is recognized for its innovation and leadership, with accolades from Euromoney (World’s Best Technology Provider for Wealth Management), CNBC (World’s Top Fintech Companies), and Forbes Fintech 50.

For more information, visit https://icapital.com | X (Twitter): @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc

For media inquiries, please contact:
iCapital
[email protected]

NEW YORK—iCapital¹, the global fintech company shaping the future of investing, today announced U.S. iCapital Connect 2026, its flagship, invitation-only, annual conference is taking place March 23-25, 2026 in Phoenix, Arizona. The event gathers top industry executives from private markets, wealth management, financial technology alongside distinguished former U.S. government and military leaders to share perspective on global dynamics, leadership, innovation and the forces shaping markets and long-term investing.

“Connect 2026 brings leaders together to address the most pressing market and technology challenges—and translate them into actionable opportunities for growth,” said Magdalena Pandiloska, Chief Marketing Officer of iCapital. “As AI, geopolitics, regulatory change, and the convergence of public and private markets reshape investing, Connect provides a forum for meaningful dialogue, peer connection, and shared learning. This year’s program brings together education, technology showcases, and practical perspectives across alternatives, structured investments, and annuities—helping wealth leaders learn from one another and move from insight to action.”

iCapital thanks its 2026 Platinum sponsors—Apollo, Ares, Blue Owl, BlackRock, Brookfield, Carlyle, and Hamilton Lane—for their leadership and collaboration. Participation across Platinum, Gold, Silver, Bronze, and Structured Investment and Annuity sponsors reflects a shared commitment to advancing education, innovation, and responsible access across the wealth and asset management landscape.

Agenda Highlights include:

• Market Outlook, Geopolitics, and Macro Risk
• The Next Phase of Private Credit, Private Equity, and Real Assets
• AI, Technology, and Innovation in Investing
• The Future of Wealth, Advice, and Distribution

U.S. Connect 2026 is part of iCapital’s global conference series, with events held across the Americas, EMEA, and APAC, convening leaders worldwide for informed dialogue, collaboration, and shared learning.

About iCapital

iCapital is a global leader, shaping the future of global investing for financial advisors, wealth managers, asset managers, and other industry participants. iCapital offers a diverse and complete range of non-traditional investment products on iCapital Marketplace, Enterprise Solutions, and both Technology and Data Services, designed to help drive better outcomes² for all participants in the ecosystem.

With strategic investment from leading alternative asset managers, wealth managers, insurance carriers and service providers globally, iCapital provides unmatched access, data connectivity, education, and research programs to advisors and their clients. Leveraging AI and machine learning for digital identity (KYC/AML), iCapital supports compliant and secure investment lifecycle processes.

iCapital’s end-to-end platform manages the lifecycle of non-traditional investment products, making it easier to learn about, buy, manage, and integrate alternative assets, structured investments, and annuities into portfolios, driving growth, scale, and efficiency. Our solutions can be customized and offer specific modules as needed.

iCapital has more than $1.14 trillion³ of assets serviced globally on its platform, including $300.6 billion in alternative platform assets, $251.4 billion in structured investments and annuities outstanding, and $589.4 billion in client assets reported on, and serves over 3,300 wealth management firms and 123,000 active financial professionals.

Headquartered in New York, iCapital operates globally with 18 offices, including major hubs in Greenwich, Zurich, London, Hong Kong, Singapore, Tokyo, Sydney, Abu Dhabi and Toronto, and an industry-leading R&D center in Lisbon. iCapital is recognized for its innovation and leadership, with accolades from Euromoney (World’s Best Technology Provider for Wealth Management), CNBC (World’s Top Fintech Companies), and Forbes Fintech 50.

For more information, visit https://icapital.com | X (Twitter): @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc

For media inquiries, please contact:
iCapital
[email protected]

The post iCapital® Presents U.S. Connect 2026: Collaboration and Innovation in Action appeared first on iCapital.

Navigating private markets in Canada: advisor sentiment, allocation preferences, and priorities for 2026

In this report, we analyze responses from iCapital’s latest Private Markets Survey for Canada. The survey, conducted in October 2025, was developed for Canadian Wealth Managers, Multi-Family Offices (MFOs) and Institutional Investors, to help understand respondents’ respective outlooks and preferences for alternative assets.

This report includes key findings from the survey along with commentary that we hope the broader alternatives industry in Canada, will find insightful. We will continue to conduct this survey annually and will track changes in sentiment and appetite to help us ensure we continue to tailor our solutions to best meet the needs of our clients in Canada.

This year’s findings reinforce the continued interest in private markets, even as advisors adopt a more measured pace in increasing allocations. The responses underscore that alternatives remain integral to portfolio construction, particularly as a source of diversification and risk management.

Key Takeaways

• Advisor allocation preferences as portfolios are repositioned for 2026
• Shifts within asset classes are viewed as the most attractive opportunity heading into 2026
• Advisors are seeking simpler, regulatory-friendly access to alternative investments
• Liquidity constraints, subscription complexity, and higher fees continue to act as barriers within the alternatives marketplace

Methodology

The findings from this report are based on responses from over 40 unique wealth management firms. Most respondents offer discretionary investment management for their clients. For the majority, discretionary investment management represents over half of their client asset base.

If you have any inquiries about the survey or this report, please contact the iCapital Canada team:

Thomas Johnston, Canadian Market Head - Tom Johnston – [email protected]
Tony Mallozzi – [email protected]
Will Blanco – [email protected]

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