NEW YORK, May 13, 2025--iCapital is acquiring Citi Global Alternatives, the advisor to Citi Wealth’s global alternative investment fund platform, representing over 180 funds.

Looking ahead, 27 percent of advisors said they plan to increase their interactions with alternatives specialists, and 26 percent expect to do the same with ETF specialists over the next 12 months.

The fintech has purchased UBS Fund Advisor, the wirehouse’s legacy proprietary U.S. alternative investment manager and feeder fund platform that represents $7 billion in client assets.

Allvue Systems, LLC, a firm focused on alternative investment solutions, has acquired PFA Solutions LLC, a provider of compensation and carried interest software solutions for firms across private ...