Fintech start - up Capital Network 's next funding round will be led by BlackRock , as the world 's biggest asset manager with a position in the fintech sector . iCapital offers its new employees " access to private equity firms , hedge funds , and other alternative investments " . The terms of the deal were not disclosed , but Frank Porcelli , chairman of BlackRock 's Wealth Management unit , is set to join iCapital 's board .
Fintech start-up iCapital Network's next funding round will be led by BlackRock, as the world's biggest asset manager seeks a foothold in the fintech sector. iCapital offers its 3,000 clients "access to private equity funds, hedge funds, and other alternative investments". The terms of the deal were not disclosed, but Frank Porcelli, chairman of BlackRock's Wealth Advisory unit, is set to join iCapital's board.