UBS Extends Partnership With Private Equity Fintech

Switzerland's largest lender is expanding its partnership with the iCapital Network platform to serve wealthy clients in Switzerland and Asia.

UBS global wealth management is strengthening its ties to iCapital Network to gain access to the technology company's data and analytics platform for private markets, according to a statement Thursday.

Details of the deal were not announced.

The platform, which automates the lifecycle of private market investments, enables UBS wealth managers to access data related to private equity, private debt, and real assets.

The two parties, engaged in a strategic partnership since 2017,  expect the appetite for the asset class among high net worth individuals to grow, the statement says.