iCapital’s expansion went beyond the U.S., with international dollars now accounting for over 15% of the platform's assets. After opening its first international office in Zurich, Switzerland in 2018, last year the firm expanded its international marketing efforts to Asia, the Americas and the Middle East.
iCapital nearly doubled its headcount to 218 employees and made several strategic senior-level appointments. Michael Kushner, formerly with JPMorgan Chase & Co., joined iCapital as the firm’s chief financial officer; Jennifer Ashley, formerly with CBRE, became the firm’s chief people officer; and Stephen Jacobs, formerly with Herrick, Feinstein LLP, accepted the position of general counsel, responsible for leading the legal and regulatory operations of the firm.
The firm also launched its Alternative Investments Compendium, a quarterly guide to the alternative investment market that provides data on returns, fundraising volume, dry powder, deal volume, valuation multiples, asset flows, and market volatility. It also turned to more traditional education forums by launching its Network blog, embedded in its newly-designed website, to provide advisors with timely, relevant and in-depth market and educational content.