iCapital has agreed to acquire Passthrough to expand its onboarding and compliance solutions for private markets fund managers.

The deal will see iCapital acquire Passthrough, a provider of investor onboarding technology and financial compliance infrastructure for general partners (GPs). The acquisition will extend its support for limited partner (LP) onboarding  Financial terms of the transaction were not disclosed. iCapital said the acquisition will extend its support for limited partner (LP) onboarding across both private wealth and institutional channels. The combined platform is intended to provide GPs wit