iCapital to Acquire Mirador

iCapital Network , a fintech platform focused on the alternative investment market for wealth management, is acquiring Mirador, a provider of investment data aggregation and financial reporting services.

Lawrence Calcano, the CEO of iCapital, highlighted that the acquisition will enhance their alternative investment operating system and provide comprehensive data management for the industry. Mirador is recognized for its financial reporting and offers services like consolidated reporting, private investment support, and technology consulting for wealth management.

Joseph Larizza, CEO of Mirador, emphasized the shared goal of simplifying access to alternative investments. The merger is expected to leverage iCapital’s global presence and technological solutions, offering clients resources and services. iCapital’s platform facilitates investment in a wide range of alternatives, aiming to streamline operations for wealth managers and fund managers.

The deal will see over 180 Mirador employees joining iCapital, though the financial terms were not disclosed.