LAST UPDATED: June 8, 2026
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This material is provided for informational purposes only and is not intended as and may not be relied on in any manner as, legal, tax or investment advice, a recommendation, or as an offer to sell, a solicitation of an offer to purchase or a recommendation of any interest in any fund or security. You should consult your personal accounting, tax and legal advisors to understand the implications of any investment specific to your personal financial situation. This material does not intend to address the financial objectives, situation or specific needs of any individual investor. Alternative investments, structured investments, and annuities are complex products and are not suitable for all investors.
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Legal Entities
Certain legal entities that are affiliates of “iCapital” (such term is defined as Institutional Capital Network, Inc. and its affiliates) may provide certain services for you. Please see below and Certain iCapital Entities for more information. Registrations and/or memberships in no way imply an endorsement of any of iCapital’s entities, products, or services.
North America
iCapital Annuities and Insurance Services LLC: Annuities and insurance services are provided by iCapital Annuities and Insurance Services LLC in its capacity as an insurance agency.
iCapital Fund Advisors LLC: Registered as an investment adviser with the Securities and Exchange Commission; however, such registration does not imply a certain level of skill or training and no inference to the contrary should be made. iCapital Fund Advisors LLC is exempt from registration with the Commodity Futures Trading Commission as a commodity pool operator.
iCapital Markets LLC: Securities products and services are offered by iCapital Markets LLC, an SEC-registered broker-dealer, member FINRA and SIPC.
iCapital Network Canada Ltd.: Registered as a portfolio manager in Ontario, Quebec, British Columbia, Alberta, Manitoba, and Newfoundland and Labrador; as an investment fund manager in Ontario, Quebec, and Newfoundland and Labrador; and as an exempt market dealer in all provinces and territories of Canada.
iDirect Private Credit Advisors, LLC: Registered as an investment adviser with the Securities and Exchange Commission; however, such registration does not imply a certain level of skill or training and no inference to the contrary should be made. iDirect Private Credit Advisors, LLC is exempt from registration with the Commodity Futures Trading Commission as a commodity pool operator.
Europe
Institutional CN (Europe) – Empresa de Investimento, SA: A financial intermediary registered with the Portuguese Securities and Exchange Commission (CMVM – Comissão do Mercado de Valores Mobiliários) under number 443. The Firm holds a Reception and Transmission of Orders (RTO) license and passports it in the EU/EEA. It is duly authorized to provide investment services under MiFID II. This registration in no way implies that the CMVM has endorsed any of the entities’ products or services.
iCapital UK Services Ltd: Authorised and regulated by the Financial Conduct Authority.
Asia-Pacific
iCapital Hong Kong Limited: Licensed for Type 1 (Dealing in Securities) and Type 4 (Advising on Securities) regulated activities (SFC CE No: BTM925) under the Securities and Futures Ordinance, and is regulated by the Securities and Futures Commission. It is a private company registered in Hong Kong under Business Registration number 74237275 and its business address is Suites 2105 – 2111, One International Finance Centre, No. 1 Harbour View Street, Central, Hong Kong. iCapital Hong Kong Limited is exempt from the requirement to hold an Australian financial services licence under the Corporations Act of Australia in respect of the financial services it provides to “wholesale clients” for the purposes of the Corporations Act of Australia, and does not hold such a licence. iCapital Hong Kong Limited is regulated by Securities and Futures Commission of Hong Kong under the laws of Hong Kong, which differ from Australian laws. Any financial services given to any person by iCapital Hong Kong Limited are provided pursuant to ASIC Class Order [CO 03/1103].
iCapital Japan Limited: Currently does not engage in any financial instruments businesses under the Financial Instruments and Exchange Act.
iCapital Network Australia Pty Ltd: Currently does not engage in any activities requiring an Australian Financial Services Licence and is not regulated by ASIC. Financial services in Australia are provided through iCapital SG Pte. Ltd. in accordance with ASIC Class Order [CO 03/1102].
iCapital SG Pte. Ltd.: Maintains a CMS licence for dealing in capital markets products under the Securities and Futures Act, and is regulated by the Monetary Authority of Singapore. It is a private company registered in Singapore (UEN: 202237416C) and its business address is 23 Church Street, #09-07-11, Capital Square 049481, Singapore. iCapital SG Pte. Ltd. is exempt from the requirement to hold an Australian financial services licence under the Corporations Act of Australia in respect of the financial services it provides to “wholesale clients” for the purposes of the Corporations Act of Australia, and does not hold such a licence. iCapital SG Pte. Ltd. is regulated by the Monetary Authority of Singapore under the laws of Singapore, which differ from Australian laws. Any financial services given to any person by iCapital SG Pte. Ltd. are provided pursuant to ASIC Class Order [CO 03/1103].
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