Here’s a bit of news that slipped beneath our radar: online investing platform Artivest, which made its Finovate debut six years ago at FinovateSpring, is now a part of the iCapital Network. iCapital announced its intention to acquire the New York-based firm this spring and in August, announced that the transaction has been completed.

The acquisition includes management of Artivest’s 28 proprietary alternative investment funds, as well as the company’s Open Network platform, which provides access to alternative financial products and investment strategies to 1,800 advisors and their investors. The deal will result in iCapital servicing more than $55 billion in client assets. Artivest’s 28 team members are expected to join iCapital.

Chairman and CEO of iCapital Network Lawrence Calcano praised Artivest’s “technical innovations and capabilities in registered funds and direct investments” when the deal was announced. He said that the two companies shared a goal of making alternative investments more broadly available to wealth and asset managers, and added that the integration of Artivest’s technology with iCapital’s platform would create a “powerful combination delivering a ‘best-in-breed’ technology experience.”

Founded in 2012, Artivest offers a curated investment experience that leverages expert insight and exclusive access to reduce the time and complexity involved in discovering, evaluating, and engaging in investment opportunities such as private investment funds. Ahead of its acquisition by iCapital, the company had forged partnerships with EJF Capital, WM Partners, KKR, Wellington Management, and MacKay Municipal Managers all in the second half of 2019.