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September 22, 2021

iCapital to acquire Axio to enhance alternative investment portfolio

By Verdict Staff

Financial technology firm iCapital Network has agreed to acquire Axio Financial to provide its clients with access to an increased suite of alternative investment opportunities.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

The deal, whose financial terms are undisclosed, follows iCapital’s $440m funding round led by Temasek.

Deal rationale

Founded in 2010, Axio is a service provider to the US structured notes market. It helps financial advisors to evaluate, select, and purchase structured notes that complement the investment portfolios of their clients.

The firm’s full-service solution is leveraged by domestic and international bank issuers of structured notes and various ecosystem providers.

It utilises analytics, real-time data, and reporting interfaces to serve the diverse needs related to the full structured note lifecycle.

Axio also provides customised distribution support to issuers and financial advisors.

The deal will increase iCapital’s suite of alternative investment strategies, technology stack, and educational offerings for financial advisors.

It will also bolster its distribution capabilities to support fund managers.

Under the agreement, the entire Axio team will join iCapital. Axio CEO Marc Paley will retain his responsibilities as leader of the Axio team and will directly report to Calcano.

The deal is expected to close in the fourth quarter of this year, subject to regulatory approvals.

Comments

iCapital Network chairman and CEO Lawrence Calcano said: “Advisors considering structured notes for their high-net-worth clients need best-in-class access, education, consultative support and enabling technology such as iCapital provides for other alternative offerings.

“Axio’s position as a leader in this market makes them an ideal enhancement to our already robust platform and product offerings.”

Commenting on the development, Paley said: “The Axio team is excited about the intuitive synergies and the common purpose driving both Axio and iCapital, and we’re thrilled to combine our efforts to serve financial advisors and their clients.”

iCapital’s strategies for alternative investment platform

The latest deal is part of iCapital’s move to expand the scope of strategies and product types available on its alternative investment platform.

Earlier this year, it acquired AI Insight, expanding its alternative investments education and compliance offerings for financial advisors.

iCapital currently services more than $86bn in global client assets across over 790 funds.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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