Last updated - December 29, 2025

Medium Risk

i
2.7

1.9

User Score

2.6

Trust Score

2.8

Brand Score

OVERVIEW

About iCapital

iCapital (Institutional Capital Network, Inc.) is a US‑based fintech firm founded in 2013 that powers a global alternative investment marketplace, offering end‑to‑end technology and services for wealth managers, advisors, and asset managers to access private market assets.

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CONNECTIONS AND RELATIONSHIP

CONTACT INFORMATION

FINANCIAL RISK AUDIT

For Consumers
For Consumers

Medium Risk

Based on the available data, we suggest consumers approach this Company with caution.

This advisory is based on a medium-risk score derived from OSINT, Adverse Media, Reviews, and Risk Factors identified in our research.

You may face moderate risks when engaging in consumer-related activities with this entity.

For Employees
For Employees

Medium Risk

Based on the available data, we advise employees to be mindful when considering or continuing work with this Company.

This advisory stems from a medium-risk score compiled from OSINT, Adverse Media, Reviews, and Risk Factors uncovered in our analysis.

Employment with this entity may involve moderate risks.

For Banks & Investors
For Banks & Investors

Medium Risk

Based on the available data, we recommend investors and bankers proceed with caution regarding this Company.

This advisory is informed by a medium-risk score based on OSINT, Adverse Media, Reviews, and Risk Factors identified through our investigation.

Financial involvement with this entity may carry moderate risks to your interests.

ASSESSMENT OUTCOME
  • Safe to Onboard

  • Enhanced Due Diligence required

  • Do Not Onboard

RECOMMENDATIONS
  • Monitor adverse media every 6 months

  • File SAR (Suspicious Activity Report) is warranted

  • Escalation to compliance committee

  • None

Do you agree with this our assessment on iCapital?

OSINT DATA POINT

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Name

iCapital
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Founded

2013
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Headquarters

New York, NY
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Jurisdiction

USA
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Category

Fintech
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Subcategory

Alternative Investments
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Founder

Lawrence Calcano
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Current CEO

Haig Ariyan
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Senior Leadership

Daniel Imhof
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CFO

Michael Kushner
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Director

Jeff McGoey
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Chief Marketing Officer

Magdalena Pandiloska
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Chief Investment Strategist

Sonali Basak
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Employees

1979
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Funds Supported

2296
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Global Platform Assets

$945 Billion
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Revenue

$116 Million
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Valuation

$7.5 Billion
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International Assets

$43 Billion
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Client Type

Wealth Managers
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Twitter

@icapitalnetwork
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LinkedIn

icapital-network-inc
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Another Client

Institutional Investors
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Key Investor

BlackRock
Load More

ENTERPRISE RISK ASSESSMENT (ERA)

Online complaint and commentary sites associate iCapital with alleged investor dissatisfaction and criticism linked to senior leadership names, raising reputational caution.

Some online sources allege opaque investment structures, high fees, and limited transparency, particularly in alternative investment offerings.

User-generated platforms reference iCapital in connection with alleged scam narratives, though these claims remain unverified and anecdotal.

Certain executives’ names appear in online complaint articles that indirectly reference iCapital, potentially impacting perceived trust.

Critics on complaint platforms suggest insufficient disclosure and complex products that may expose investors to misunderstood risks.

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AML and KYC Assessment

Regulatory and Compliance Screening

  • Sanctions Matches
  • Yes
  • No
  • Unclear
  • PEP Status
  • Yes
  • No
  • Unclear
  • Watchlist: (Interpol, EU, UN, OFAC, etc).
  • Yes
  • No
  • Unclear
  • Law Enforcement Mentions
  • Yes
  • No
  • Unclear

Litigation and Legal Proceedings

  • Criminal Proceedings
  • Yes
  • No
  • Unclear
  • Regulatory Enforcement Actions: [SEC, FCA, SEBI, etc.]
  • Yes
  • No
  • Unclear
  • Ongoing Investigations
  • Yes
  • No
  • Unclear
  • Reputational and Adv
  • Yes
  • No
  • Unclear

Reputational and Adverse Media Risks

  • Negative Media Mentions
  • Yes
  • No
  • Unclear
  • Allegations / Scandals
  • Yes
  • No
  • Unclear
  • Social Media Red Flags
  • Yes
  • No
  • Unclear
  • Censorship Attempts [PR, Takedowns, DMCA Abuse, etc.]
  • Yes
  • No
  • Unclear

Geographic and Jurisdictional Risk

  • Country Risk Level
  • Yes
  • No
  • Unclear
  • High-Risk Sections [Crypto, Gambling, Arms, etc.]
  • Yes
  • No
  • Unclear
  • Offshore Jurisdictions Used [Panama, BVI, Cyprus, etc.]
  • Yes
  • No
  • Unclear

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RED FLAGS AND ADVERSE NEWS

coming

ripoffreport.com

Visit Link

iCapital EMEA lead, linked to alleged Zurich investment complaints and investor losses.

  • First Detected

    28/05/2023
  • Sentiment Analysis

    Negative
  • Reach

    <1000
  • POV

    Third Person
  • Risk Factor

    High
  • Type

    Criticism
  • Traffic Source

    Website
  • SERP

    Top 30
  • Share of Voice

    10%
  • Primary Keyword

    Fraud
coming

gripeo.com

Visit Link

iCapital EMEA lead, featured in online Gripeo complaints alleging investment scams.

  • First Detected

    27/09/2023
  • Sentiment Analysis

    Negative
  • Reach

    <1000
  • POV

    Third Person
  • Risk Factor

    High
  • Type

    Criticism
  • Traffic Source

    Website
  • SERP

    Top 30
  • Share of Voice

    10%
  • Primary Keyword

    Fraud
coming

tippinpoint.ch

Visit Link

iCapital, led in EMEA by Daniel Imhof, faced scrutiny as CS wealth unit was excluded in UBS review.

  • First Detected

    08/08/2023
  • Sentiment Analysis

    Negative
  • Reach

    <1000
  • POV

    Third Person
  • Risk Factor

    Medium
  • Type

    News
  • Traffic Source

    Website
  • SERP

    Top 30
  • Share of Voice

    10%
  • Primary Keyword

    Allegation

Other Red-Flags and Adverse News

redflag
2024 iCapital EMEA unit led by Daniel Imhof criticized for fees and transparency
redflag
2024 iCapital EMEA unit linked by leader of a financial crime ring with claims of ...

Financial Profile for iCapital

Do you want to unlock a detailed Risk Assessment and audit report for iCapital?

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Based on user engagement on this review profile, ProConsumer will decide to publish its Risk Audit report for public if a threshold engagement, traffic and user input is achieved.

  • Known Assets: [Real estate, investments, companies]

    greentick
  • Suspicious Transactions

    greentick
  • Liabilities: [Bankruptcies, defaults, debts]

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  • Wealth Sources: [Legitimate / Unclear / High-risk]

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  • Bank Relationships

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  • Bank Relationships

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  • Ultimate Beneficial Owner(s) (UBOs)

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  • Shareholding structure

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  • Associated entities & subsidiaries

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  • Offshore / shell company links

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  • Trusts / Nominee arrangements

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  • Business Model Assessment

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Consumer Reviews and Ratings for
iCapital

All comments are user-generated content and may not be verified. They represent the personal opinions of the public and should not be relied upon. These comments do not influence or determine our overall rating.

User Rating for iCapital

iCapital (Institutional Capital Network, Inc.) is a US‑based fintech firm founded in 2013 that powers a global alternative investment marketplace, offering end‑to‑end technology and services for wealth managers, advisors, and asset managers to access private market assets.

USER’S SCORE

1.9

Trust

1

Safety

2

Brand

2

Risk

2.5

Pros

  • greentick

    Highly experienced

  • greentick

    Well-recognized name

Cons

  • redcros

    Faced allegations of scamming others

  • redcros

    Allegedly sold fake silver

  • redcros

    Sued multiple times

  • redcros

    Unregulated industry

  • redcros

    Alarming number of complaints online

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  • Trust
  • Brand
  • Safety
  • Risk

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CONS

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  • author-default
  • Henry Lawson
    January 27, 2026 at 7:14 am

I’m cautious about recommending this platform because I found transparency around processes lacking. I would need more consistent communication and clearer explanations of investment strategies before trusting them.

Trust

1/5

Safety

2/5

Brand

2/5

Risk

3/5

  • author-default
  • Sarah Dawson
    January 27, 2026 at 7:14 am

I was unsure about how risk is communicated, which made me cautious in using the service.

Trust

1/5

Safety

2/5

Brand

2/5

Risk

2/5

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