iCapital Scales APAC: Sydney Office, 60+ Staff, Private Market

iCapital opened a Sydney office and expanded its Asia-Pacific headcount past 60 employees, the fintech platform said Monday, aiming to meet growing demand from wealth managers for private market access.

The company now operates out of Hong Kong, Singapore, Tokyo and Sydney. It moved into larger Hong Kong and Singapore offices to accommodate the expanded team, which covers client servicing and technology roles. The Sydney office is the newest location, giving the firm a foothold in Australia.

“Asia Pacific continues to be a key growth region for iCapital,” said Tuan Lam, head of APAC at the firm. “As demand for private markets increases, we are focused on building local capabilities and supporting clients with technology and expertise that help them scale efficiently.”

iCapital’s platform connects wealth managers and asset managers with private market funds. It handles the operational work, including subscription document processing and capital calls. Advisors can offer alternative assets without expanding their internal operations. The technology automates many manual steps, which is especially valuable for wealth managers with limited back-office capacity.

Wealth managers across the region are expanding their private market offerings to high-net-worth clients, moving beyond traditional stock market analysis for diversification. Historically, private equity and private credit were reserved for institutions. Technology platforms like iCapital aim to lower that barrier.

The firm competes with intermediaries such as CAIS and a growing number of regional players. The Asia-Pacific build-out gives it offices in four financial hubs.