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Monday, May 11, 2026
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BNY and iCapital® Form Alliance

BNY and iCapital have teamed up to create the BNY iCapital Alliance, which will make it easier for wealth managers and institutional investors to get to alternative investments. This partnership brings together BNY’s global custody and administration expertise with iCapital’s tech-enabled investment platform to create a strong ecosystem for distributing alternative investments.

Shared clients will have access to funds managed and operated by iCapital delivered by both Alts Bridge and iCapital upon integration. Clients will also have access to iCapital’s suite of investment tools and capabilities from Wove. This integration will enable wealth advisors to manage their accounts in Wove holistically across alternative and traditional holdings.

The BNY and iCapital partnership reflects growing need for digital, easy access to private markets through integrated wealth tech solutions.

“Through this alliance, we are helping to unlock access for advisors to alternatives and private markets by delivering a streamlined experience and more comprehensive set of investment options,” said Ainslie Simmonds, Executive Platform Owner, Wealth Service Platform for BNY. “iCapital with Alts Bridge and Wove will create a user experience that will be unique in the market and continue to help advisors provide the investment solutions their clients are looking for.”

“We’re excited to collaborate with BNY to deliver technology that empowers financial advisors to scale their access to alternative investments,” said Steve Houston, Managing Director and Co-Head of iCapital Solutions at iCapital. “By accessing this integrated solution, clients will have a more automated experience that is more transparent, efficient and easier to manage, and allow advisors to focus on what matters most — helping clients achieve their financial goals with confidence.”

The BNY iCapital Alliance is a big step forward in changing how alternative investments are offered. It shows that everyone is committed to coming up with new ideas in the alternative investment platform space.

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