iCapital Network, the New York-based financial technology platform for high-net-worth individuals and their advisors, is partnering with PIMCO to create a platform for alternative strategies, according to a news release.

The relationship will enable financial advisors to provide investors with access to PIMCO’s alternative strategies. 

iCapital’s technology automates the subscription process, provides transparency into each step of the investing process, and seamlessly integrates performance and tax reporting for alternative investments.

Lawrence Calcano, CEO of iCapital Network, said in the release that his team strives to make alternative investing as simple for advisors as other investment transactions. “This relationship with PIMCO exemplifies that goal,” he said. “Alternative investments have historically been difficult to implement for the wealth management community, leaving advisors and investors without access to the benefits they can provide.”

iCapital Network, founded in 2013, allows high-net-worth individuals and their advisors to analyze and invest in private equity, private debt, venture capital and hedge funds with as little as $100,000 per fund, compared to the millions usually required for access to such investments.

Eric Mogelof, PIMCO head of U.S. Global Wealth Management, said he was as excited to partner with iCapital. “We … look forward to leveraging their capabilities as we continue our efforts to democratize alternative investments for qualified investors seeking additional sources of return and diversification in their portfolios,” Mogelof said.

PIMCO, headquartered in Newport Beach, Calif., where it was established in 1971, is a global investment management firm specializing in active fixed-income management for central banks, sovereign wealth funds, pension funds, corporation, foundations and endowments, and individual investors worldwide.