Through the integration of iCapital’s technology into MAI’s custom platform, MAI’s in-house investment team can view, manage, and administer clients’ existing and future alternative investments. 

iCapital’s end-to-end technology provides MAI’s advisors with a solution to simplify the process of reconciling alternative investment and fund data; it streamlines document management, funds finance activities, and enables more efficient workflows. MAI’s investment team will also be able to create custom portfolios and complete related due diligence for clients. iCapital will manage the associated oversight functions and support operations and efficiencies for MAI’s advisors and clients. iCapital has also agreed to manage a set of existing funds currently managed by MAI as part of the partnership.  

“We took great care in selecting a technology partner to support and scale our alternatives business and felt a natural fit with the team at iCapital,” said MAI’s chief investment officer and managing partner, Kurt Nye. “With the support of iCapital, our team can now spend more time focusing on our diversified portfolios, balancing risk and deepening client relationships, instead of being bogged down by the operational intensity of alternative investments.” 

“As private market allocations become an increasingly important component of diversified investment portfolios, we share a common goal with MAI to help advisors scale without losing sight of what matters – helping their clients achieve better financial outcomes,” Steve Houston, managing director and co-head of iCapital Solutions, added.

The partnership underscores the increasing role of technology in administering complex alternative investment products. It also provides MAI’s registered independent advisors with a complete suite of technology and educational content to help them manage and deliver private market investments to clients.  

MAI has offices across the US, with $33.2 billion in total assets. iCapital, which specialises in the digital transformation of alternative investing, has offices in New York, Greenwich, Zurich, Lisbon, London, Hong Kong, Singapore, Tokyo, and Toronto.