Full-Time

Direct Funds Product Manager

iCapital Network

iCapital Network

1,001-5,000 employees

Fintech platform linking advisors to alternatives

No salary listed

London, UK

Hybrid

Four days on-site per week; one remote day (Friday).

Category
Product
Required Skills
Product Management

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Requirements
  • 6–15 years of relevant experience in product management, fund structuring, fund operations or related roles within private markets
  • Strong experience with Luxembourg fund structures, particularly UCI Part II, RAIFs or similar vehicles
  • Strong understanding of private markets fund structures, lifecycle management and governance frameworks
  • Familiarity with alternative investment fund managers environments and key service providers (administrator, depositary, auditors)
  • Solid understanding of fund documentation and its operational implications
  • Proven ability to operate in complex, multi-stakeholder environments with a high degree of ownership
  • Strong problem-solving skills, with the ability to handle non-standard and time-sensitive situations
  • High attention to detail and strong organisational capabilities
  • Excellent communication and stakeholder management skills across internal and external parties
  • Experience with evergreen or semi-liquid structures is advantageous
  • Exposure to cross-border product structuring and multi-jurisdictional setups is a plus
Responsibilities
  • Act as the central coordination point across Structuring, Legal, Tax, Operations, Compliance and Platform teams
  • Translate client, regulatory and product requirements into clear internal actions
  • Drive alignment across teams to ensure timely and consistent execution
  • Oversee operational aspects of fund structures, including share class design, fee structures, reporting requirements and platform configuration
  • Coordinate the operational review and implementation of fund documentation (PPMs, LPAs, subscription materials)
  • Maintain consistency between legal, operational and platform implementation
  • Serve as the primary interface with clients, GPs and external stakeholders on operational and product-related matters
  • Respond to due diligence questionnaires (DDQs), investor queries and fund-related information requests
  • Handle AML / KYC questionnaires and coordinate with relevant internal teams
  • Act as escalation point for complex operational, governance and product-related issues
  • Drive resolution across internal teams and external service providers
  • Track and manage key operational risks and issues across fund structures
  • Lead and implement product enhancements post-launch, including structural adjustments and new share classes
  • Support the evolution and scaling of the evergreen/direct funds platform
  • Contribute to standardisation of processes, templates and service frameworks across EMEA
Desired Qualifications
  • Experience with evergreen or semi-liquid structures is advantageous
  • Exposure to cross-border product structuring and multi-jurisdictional setups is a plus

iCapital Network connects financial advisors with high-net-worth investors to access a curated selection of alternative investments, including private equity, hedge funds, and real estate. Its platform streamlines how offerings are discovered, evaluated, and invested, providing access, education, and client support in one interface. The company earns fees from the services it provides, such as platform, management, and performance-based fees based on assets on the platform. Its goal is to simplify and scale access to alternatives for wealth managers and their clients, helping with diversification and potential higher returns through a centralized, advisor-focused experience.

Company Size

1,001-5,000

Company Stage

Late Stage VC

Total Funding

$1.5B

Headquarters

New York City, New York

Founded

2013

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Simplify Jobs

Simplify's Take

What believers are saying

  • July 11, 2025 $820 million funding from T. Rowe Price and SurgoCap funds expansion.
  • March-April 2026 Aladdin Wealth and Envestnet partnerships broaden advisor distribution immediately.
  • June-July 2026 APAC expansion and TD Canada launch increase international product reach.

What critics are saying

  • Parallel Markets, AltExchange, Passthrough, and Hexure strain integration through 2027.
  • Citi Wealth migration risks service failures and advisor churn during 2026-2027 cutover.
  • A major onboarding or compliance outage would stop subscriptions and break advisor trust.

What makes iCapital Network unique

  • June 22, 2026 UMB integration extends iCapital’s blockchain-enabled alternatives network.
  • May 13, 2025 Citi Wealth deal makes iCapital operator of a global alternatives platform.
  • March 17, 2026 Hexure acquisition creates iCapital’s end-to-end annuity and insurance platform.

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Benefits

COmprehensive benefits package - Salary, Equity, Annual Performance Bonus, Employer Matched Retirement Plan

Generally Subsidized Healthcare with 100% employer paid dental, vision, telemedicine, and virtual mental health counseling

Unlimited PTO

Parental Leave

Company News

CompWorth
Jul 11th, 2025
iCapital Raises $820 Million in Landmark Funding to Accelerate Growth

On July 11, 2025, iCapital unveiled an impressive $820 million funding round led by T. Rowe Price and SurgoCap Partners, propelling the fintech to a valuation exceeding $7.5 billion.

FinSMEs
Jul 10th, 2025
iCapital Closes Over $820M Capital Raise, Valued at Over $7.5 Billion

iCapital, a NYC-based fintech company offering investment products, raised over $820M with the completion of its latest financing round, at over $7.5 Billion valuation.

iCapital
Jul 10th, 2025
iCapital® Completes Over $820 Million Capital Raise, Valuation Surpasses $7.5 Billion

iCapital is transforming global investing with innovative fintech solutions, powering scalable access to alternatives and structured investments.

TradingView
Jul 10th, 2025
iCapital raises $820M in funding

iCapital, a private-markets tech provider, has raised over $820 million, according to a report by the Wall Street Journal.

PR Newswire
May 22nd, 2025
Cambridge And Icapital® Expand Relationship To Provide Enhanced Access To Alternative Investment Vehicles, Research, And Education

Expanded relationship will support the growing demand for alternatives among their financial professionals and their high-net-worth clientsFAIRFIELD, Iowa, May 22, 2025 /PRNewswire/ -- Cambridge, a leading independent financial solutions firm serving 3,800 financial professionals across the country, announced it has expanded its relationship with iCapital1, a global fintech platform driving the world's alternative investment marketplace for the wealth and asset management industries. The expanded relationship will provide Cambridge financial professionals with enhanced access to alternative investment vehicles, research, and education.Cambridge's financial professionals can now access the full scope of iCapital's platform including asset class level strategies and products, education, and research insights in alternative investments, driving significant value for financial professionals and their high-net-worth clients."Alternatives have become a critical piece of the portfolio construction process for many high-net-worth investors looking for differentiated investment solutions," said Jeff Vivacqua, President, Growth and Development and member of Cambridge's Office of the CEO. "Through our expanded relationship with iCapital, Cambridge financial professionals will now have access to industry-leading solutions that can support them in meeting the growing demand for these alternative investment vehicles from their clients."In 2023, Cambridge launched its Private Client Solutions (PCS) offering to address demand for HNW and ultra-high-net-worth (UHNW) client solutions from its financial professionals. A major component of those offerings was access to alternative investment vehicles, research, and education. PCS provides Cambridge financial professionals with the resources, solutions, and personal support they need to deliver a customized service experience to HNW and UHNW clients. This expanded relationship with iCapital will further enhance these capabilities.About CambridgeCambridge is a financial solutions firm focused on serving independent financial professionals and their clients while preserving its internal control