iCapital Access Fund LS Raises Nearly $148 Million in Latest Private Equity Offering

The fund targets accredited investors with support from Rockefeller Financial across all U.S. states.

October 31, 2024

iCapital Access Fund Reaches Key Milestone with $148 Million Raised

iCapital Access Fund LS, L.P. recently announced a significant milestone, raising $147.995 million in its ongoing private equity offering. This Delaware-based fund is structured to serve accredited investors under Regulation D Rule 506(b), making it accessible to qualified individuals and institutions across all U.S. states. Rockefeller Financial LLC plays a key role in facilitating the fund’s growth by managing sales and investor outreach.

Long-Term Investment Strategy for Qualified Investors

The fund’s structure, under Section 3(c)(7), reflects a long-term commitment to private equity opportunities, providing a path for accredited investors to diversify their portfolios. With an indefinite amount of availability still open, iCapital Access Fund continues to position itself as a substantial vehicle for those seeking exposure to private markets. By focusing on strategic investments, the fund aims to capture growth potential in sectors where public market exposure is often limited.

Supporting Private Market Access and Portfolio Diversification

As private equity remains a favored asset class for high-net-worth individuals and institutions, iCapital’s offering aligns with the increasing demand for private market access. This fundraising success demonstrates investor confidence in iCapital’s approach, particularly as alternative assets play an essential role in portfolio diversification strategies. Rockefeller Financial’s involvement further strengthens the fund’s position, helping attract a diverse range of accredited investors.