iCapital Network, a US-based fintech platform offering alternative investments for HNW individuals and their advisers, has wrapped up the acquisition of US private equity access fund platform of Deutsche Bank Asset Management.

The acquired entity has 33 funds, $2.8bn in capital, and serves over 7,200 domestic and international investors. iCapital said that it will continue to maintain relationships with the third-party service providers of the funds.

The deal, whose financial terms were not disclosed, was announced in September 2017. It increases iCapital’s investor capital to over $5bn and investor accounts to around 10,000.

As part of the deal, 15 employees from Deutsche Asset Management have joined iCapital. These employees include Wes Sturdevant, who has been appointed as managing director of iCapital; Joanie O’Grady, appointed as senior vice president and head of portfolio monitoring; and Susan Park, who has been named senior vice president of fund administration.

iCapital CEO Lawrence Calcano said: “This transaction aligns with our goals and global vision for the company and cements our position as an industry leader with a talented team, critical technology and unparalleled sourcing ability focused on bringing the highest-quality private investment opportunities to the high-net-worth and ultra-high-net-worth markets.”