iCapital1, the global fintech company shaping the future of investing, today announced that it has entered into a definitive agreement to acquire Hexure, a t...

iCapital, a global fintech company, has entered into a definitive agreement to acquire Hexure, a leader in digital and AI-powered sales automation solutions for insurance and wealth management. The acquisition will create the industry's first end-to-end annuity and insurance technology platform, integrated with iCapital's alternatives and structured investments platform. The combined platform will support the full investment lifecycle, from discovery through post-sale servicing. Hexure's FireLight digital sales platform and ForeSight illustration technology will be integrated into iCapital's broader system, serving financial advisors, distributors and insurance carriers. iCapital manages over $1.14 trillion in assets globally across its platform. THL Partners is Hexure's current majority investor. Transaction terms were not disclosed, and BofA Securities served as financial adviser to iCapital.

iCapital, a global fintech company, has entered into a definitive agreement to acquire Passthrough, a provider of investor onboarding solutions and financial compliance infrastructure for general partners. The acquisition will enable iCapital to support LP onboarding across both private wealth and institutional channels, creating a unified platform for GPs to onboard investors of any type or size. Together, iCapital and Passthrough support 1,200 GPs and product providers globally. Passthrough's platform modernises investor identity, subscription documents and KYC/AML compliance for private markets, complementing iCapital's existing Identity Solutions. The combined platform will help GPs capture institutional demand—which exceeded $1.30 trillion in 2025—whilst tapping into growing allocations from wealth managers. iCapital currently services over $1.13 trillion in assets globally across its platform.