M&A Deal Summary

iCapital Network Acquires Parallel Markets

On January 16, 2025, iCapital Network acquired financial services company Parallel Markets

Acquisition Highlights
  • This is iCapital Network’s 3rd transaction in the Financial Services sector.
  • This is iCapital Network’s 8th transaction in the United States.
  • This is iCapital Network’s 4th transaction in New York.

M&A Deal Summary

Date 2025-01-16
Target Parallel Markets
Sector Financial Services
Buyer(s) iCapital Network
Deal Type Add-on Acquisition

Target

Parallel Markets

New York, New York, United States
Parallel Markets provides a portable identity solution that allows investors to onboard at any financial institution with a single click. Parallel acts as a global repository, maintaining a registry of verified accreditation, KYC, AML and CFT information. Parallel Markets was founded in 2018 and is based in New York, New York.

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Buyer(S) 1

Buyer

iCapital Network

New York, New York, United States

Category Company
Founded 2013
Sector Information Technology
DESCRIPTION

iCapital Network is a financial technology platform that provides simplified access to alternative investments. The state-of-the-art online platform offers a curated selection of private equity funds and hedge funds, extensive due diligence support and powerful research tools to a private member network of qualified investors, family offices, registered investment advisors and broker-dealers. iCapital’s end-to-end solution streamlines and automates the investment process with electronic subscriptions, capital calls, distributions and redemptions, fund statements, and user-friendly investor and tax reporting. iCapital Network was founded in 2013 and is based in New York.


DEAL STATS #
Overall 9 of 9
Sector: Financial Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 6 of 6
State: New York M&A 4 of 4
Country: United States M&A 8 of 8
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-02 Mirador

Stamford, Connecticut, United States

Mirador is a managed services partner that combines powerful data science and deep financial expertise to provide best-of-breed financial reporting services, middle office services, and technology solutions and products to the U/HNW wealth management industry. Mirador was founded in 2015 and is based is in Stamford, Connecticut.

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