The GP LedgerSubscribe
  • 12dQ3 LP reports Nov 14
  • 59dQuarter end Dec 31
  • 133dK-1s Mar 15
  • 179dAudit Apr 30
Briefing · LP onboarding

Passthrough and iCapital state 1,200 GPs in the combined entity after February acquisition

iCapital's press release on the Passthrough acquisition, read November 2, 2026, states the combined entity supports 1,200 GPs and product providers across wealth and institutional channels.

Checked against our editorial standards

iCapital's press release announcing the acquisition of Passthrough, dated February 11, 2026 and read November 2, 2026, states the combined entity will support more than 1,200 GPs and product providers across wealth and institutional channels. Passthrough's home page, read the same day, states the platform is trusted by over 2,000 leading funds and reports a 96% investor satisfaction rate with a 20-minute average completion time for new investors. The deal pairs iCapital's $1.13 trillion in global assets with Passthrough's subscription document and KYC/AML workflow, giving GPs who use either platform a path to onboard LPs of any type, size or strategy from one system. See today's Vessel vs Passthrough comparison for what each offers a fund that is choosing now.

Sources

  1. iCapital press release on Passthrough acquisitionicapital.com/newsroom/press-releases/icapital-announces-strategic-expansion-of-solutions-for-asset-managers-with-the-acquisition-of-passthrough/
  2. Passthrough home pagewww.passthrough.com/

Terms used in this article

  • Subscription agreement A subscription agreement is the contract an investor signs to commit capital to a fund, stating the commitment amount, making representations about eligibility as an accredited investor or qualified purchaser, identity and source of funds, and agreeing to be bound by the limited partnership agreement when the general partner accepts the subscription.
  • KYC and AML KYC (know your customer) and AML (anti-money-laundering) are the checks a fund performs on each prospective limited partner before accepting their subscription: verifying identity and beneficial ownership, screening against sanctions and politically exposed person lists, and documenting the source of funds, with records kept for audit and regulatory review.