Wells Fargo investment adviser to sell feeder fund platform to iCapital

(Reuters) Wells Fargo & Co said on Thursday its investment adviser Wells Fargo Investment Institute will sell its feeder fund platform to fintech firm iCapital Network for an undisclosed amount. The Wells Fargo global alternative investments feeder fund platform provides brokerage and wealth management clients the ability to invest in private equity, private debt, hedge funds, private real estate and direct private investments.

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