Financial technology platform company iCapital Network announced today that they had closed a $146 million financing round.

The iCapital platform helps advisors that need easy to use technology-enabled investment processes that help to incorporate alternative assets into their portfolios.

The platform also helps alternative asset managers with tie fundraising efforts and helps infostructure providers such as administrators, custodians, and transfer agents.

iCapital Network Funding Round

The financing round was led by Ping An Global Voyager Fund and new investors including Goldman Sachs (NYSE: GS), Affiliated Managers Group (NYSE: AMG) and WesCap.

Additional commitments came from existing investors BlackRock (NYSE: BLK), UBS Financial Services (NYSE: UBS), Blackstone (NYES: BX) and BNY Mellon (NYSE: BK).

Additional existing strategic partners and investors in iCapital include The Carlyle Group (NYSE: CG), Credit Suisse (NYSE: CS), JPMorgan Chase & Co ( NYSE: JPM) and Morgan Stanley Investment Management (NYSE: MS).

“We are honored to have the support of a distinguished group of strategic investors, and a world-class team completely focused on supporting the success of our clients,” said Lawrence Calcano, CEO of iCapital Network. “The asset and wealth management industries have embraced the need for an independent, automated, transparent approach to alternatives. The future we believe in and the future we are building is one where all parties win.”

“iCapital has rapidly established itself as a pre-eminent distribution, administration and workflow platform for high-net-worth access to alternative assets. They have strong partnerships with the leading wealth management players in the U.S. and, increasingly, globally” said Jonathan Larsen, Chairman and CEO at Ping An Global Voyager Fund.” We are excited to partner with the iCapital team on its next stage of growth, and we see enormous opportunities to open up access to alternatives in Asia and beyond.”

“BlackRock is excited to continue to support iCapital in its next phase of growth as a well-capitalized, independent entity,” said Rob Goldstein, Chief Operating Officer of BlackRock. “As financial advisors explore the role alternatives can play in robust, diversified portfolios, iCapital’s leading open-architecture platform provides technology to streamline, automate and facilitate investments in private markets.”