iCapital Network has entered in a deal with Credit Suisse to purchase HedgeFocus business from Credit Suisse. The HedgeFocus portfolio contains more than 20 hedge fund access vehicles representing approximately $1.8 billion in assets in a combination of event driven, multi-strategy, directional, relative value and tactical strategies run by well-established managers. iCapital offers a curated selection of alternative investments, including private equity, credit, real estate, venture capital and hedge funds, to its private network of registered investment advisors, broker-dealers, family offices and individual high-net-worth investors. iCapital managing partner Lawrence Calcano said the acquisition is a natural extension of its business strategy, helping to expand its footprint in ways that align with the critical investment priorities of the high-net-worth community for access, choice and transparency.
