iCapital Network, a global financial technology platform focused on alternative investing for the asset and wealth management industries, raised US$440m in funding.

The round was led by Temasek, joined by new investors Owl Rock, a division of Blue Owl Capital; MSD Partners, L.P.; Noah Holdings and Golub Capital and existing investors WestCap, Ping An Voyager Partners, Blackstone, UBS, Pivot Investment Partners, BNY Mellon, Wells Fargo, Morgan Stanley and Goldman Sachs Asset Management.

The company, which is valued at approximately $4.0 billion, intends to use the funds to enhance its platform technology, expand the breadth of strategies and product types on its alternative investment menu, and pursue strategic acquisitions that will broaden its client capabilities.

Read more/Source: FinSMEs