ALT INVESTMENT PLATFORM ICAPITAL RAISES $820M AT $7.5B VALUATION WITH AN EYE TOWARD ACQUISITIONS

Summary from the TLDR Founders newsletter

iCapital raised $820 million, raising its valuation to $7.5 billion. The company plans strategic acquisitions and tech investments. Co-led by SurgoCap Partners and T. Rowe Price, the round included existing backers like Temasek and UBS. iCapital's platform manages $945 billion and supports private market investments and asset management.