FinTech giant iCapital invests in Tangible for liquidity push

September 8, 2025

iCapital, the global FinTech company shaping the future of investing, has announced a strategic investment in Tangible Markets, a provider of liquidity solutions for private market positions held through wealth management channels.

The two firms will partner to create scalable liquidity tools for alternative investment funds, with the new solutions expected to be available on iCapital’s platform by the end of 2025.

While the size of the investment has not been disclosed, the agreement establishes iCapital as both an investor in and partner of Tangible Markets.

The move is aimed at delivering more efficient liquidity mechanisms for wealth managers, asset managers, and institutional investors seeking to access value from traditionally illiquid holdings.

Founded to address the challenges of liquidity in private markets, Tangible Markets develops platforms that enable buyers and sellers to underwrite, exchange, and complete transactions at scale. Its technology supports deal sizes ranging from $75,000 to more than $250m.

Through this new partnership, iCapital intends to integrate Tangible’s liquidity solutions directly into its ecosystem. This will give advisors and clients access to a broad range of strategies, including private equity, private credit, hedge funds, and real assets, while offering tools such as curated auctions, real-time pricing insights, and portfolio analytics.

Lawrence Calcano, iCapital chairman and CEO, said, “Lack of liquidity has long been a friction point for broader allocations to alternative investments. We’re proud to partner with Tangible Markets and invest in advancing the technology to redefine institutional-grade liquidity solutions.

“By building a robust secondary market, we offer clients greater transparency and the flexibility to efficiently rebalance portfolios without waiting for a natural liquidity event – enabling strategic allocation adjustments while maintaining exposure to long-term, value-generating assets.”

Tangible Markets co-founder Khalil Hibri said, “From the start, Tangible has focused on solving access to liquidity in private markets where others saw only complexity. Our platform now enables wealth managers, GPs, and institutional buyers to transact seamlessly across a wide range of deal sizes, bringing scale and consistency to a market that has long lacked both.”