iCapital
icapital.com Wealth platform
About
527 feeder funds filed on SEC Form D since 2019 under this name, which reported raising $23.92 billion in all.
- Kind
- Wealth platform
- Raised through feeder funds since 2019
- $23.9B
- Website
- icapital.com
- Feeder funds filed since 2019
- 527
- Venture and private equity feeders
- 378
- Years active since 2019
- 2019–2026
- Managers carried most often
- Apollo, KKR, Blackstone, Carlyle, Millennium, Blue Owl
Platforms and wealth managers that bring wealthy individuals and their advisers into private funds through feeder funds. Each files its feeders with the SEC, which shows how much it has raised and whose funds it carries. All wealth platforms.
Source
About this data
Derived from fund names in the SEC’s Form D data sets (every filing through 2026-09-30); nobody publishes this list, and a platform is here only because of how its feeders are named. A feeder is a pooled investment fund, not registered under the Investment Company Act, whose name on Form D matches its platform’s pattern, without regard to capitals: iCapital: contains the word “iCapital”; CAIS: begins “CAIS”; Moonfare: begins “Moonfare” (its feeders are numbered, not named for a manager); Titanbay: contains “Titanbay”; Allocate: begins “Allocate” (and isn’t a series of another company) or contains “Allocate Access”; IEQ Capital: begins “IEQ Capital Access Fund”; Brown Advisory: begins “Brown Advisory Investors <year> -” or “Brown Advisory Feeder Fund -” (its own funds of funds are not counted); BlueArc: ends “a series of BlueArc Core Alternatives, LLC”; Long Angle: begins “Long Angle Investments LLC -” (its names abbreviate the funds, so no managers are read); PPB Capital Partners: begins “PPB” (but not “PPB Advisors”, an older fund); AlphaKeys (UBS): begins “AlphaKeys”; PE Premier and HedgePremier (Morgan Stanley): begins “PE Premier”, “RE Premier” or “HedgePremier”. Feeders whose names don’t carry the platform’s name (most banks’ private-bank vehicles) can’t be recognised this way and are missing. An issuer under one name counts once. Counted are feeders whose first filing is dated 2019-01-01 or later; a platform is listed with at least 10 (looked for and below that: Titanbay (6)). The figure adds up the largest “total amount sold” each of those feeders reported on any filing; many feeders file before selling anything or never amend, so it understates what was raised, and it includes hedge fund and credit feeders. Venture and private equity feeders are those that called themselves a venture capital or private equity fund on the form. The country is the one most of a platform’s feeders gave as their address; where the platform itself is based is not in the filings, so no city or state is given. Years active are the first and latest year in which one of the counted feeders first filed. Managers are read from the feeder names as written there, by removing the platform’s words and cutting at the first word that only says which fund it is (“Partners”, “Fund”, “Growth”, a number); up to 6 carried by the most feeders are shown, none carried by fewer than 2 (a fund’s taxable and tax-exempt feeders count separately), and a name that starts with five capitals or fewer counts only if it is a firm known by its initials. Some of these are fund families, not firms (“Vintage”, “Lexington Capital”). “Most often sold by” is the firm that at least half the feeders named in the form’s sales compensation item. UBS and Morgan Stanley are named from that item, not from the fund names; PPB’s feeders say only “PPB”, and the firm’s full name is from its own website, where it describes its feeder funds. Websites are the platforms’ own, opened and checked on 2026-10-11; the filings don’t give them. Being listed is not a recommendation. As of September 30, 2026. Source: SEC Form D data sets. Organizations only: no individuals are listed. A listing is a public record, not a recommendation.