iCapital opens new Lisbon office as global tech hub

By Gloria Methri

iCapital, the alternative investments platform for the wealth management industry, is opening a new Lisbon office as its global hub for technology development and operations.

The new office, located in Avenida Liberdade 131, can accommodate up to 250 people.

With more than 2,000 square meters of area, iCapital will be the largest tenant in the 18th-century building, occupying three floors, plus a cafeteria on the fourth floor.

The new office announcement follows the acquisition of Portugal-based product development company Runtime Group Ltd in October 2020. Since then, iCapital has expanded its presence in Lisbon with over 150 people employed across engineers, developers, designers, operations, and central support functions.

“Our expansion in Lisbon is of great importance to our global growth strategy and will further enhance iCapital’s industry-leading technology and solutions leveraging the excellent talent pool in Portugal,” said Marco Bizzozero, iCapital’s Head of International. “We are very pleased that we can officially open our new office located in one of Lisbon’s prime locations.

iCapital’s Lisbon office is led by Vanda de Jesus, who joined the company earlier this year as Country Head of Portugal. Prior to joining iCapital, Mrs. Jesus was the Executive Director of Portugal Digital and was in charge of the country’s digital transformation.

“I am proud that iCapital is investing in local talent to transform the way the asset and wealth management industries leverage technology to provide access to private market investment opportunities for individual investors,” Mrs Jesus said.

In the past 24 months, iCapital is said to have increased its global assets outside of the US from $8 billion to $32 billion, taking its total platform assets to $148 billion. Its international offices are in Zurich, London, Hong Kong, Singapore, and Toronto.