Icapital Registered Fund Adviser Llc
SEC-registered
Mutual Fund / Asset Manager · Mid-sized ($1B–$10B)
CRD 310587
· SEC file 801-119679
· New York, NY
· www.icapitalnetwork.com
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ADV data as of Apr 13, 2026
- Regulatory AUM
- $1.2B
- Discretionary
- $1.2B
- Clients
- 1
- Avg AUM / client
- $1.2B
- Accounts
- 1
- Employees
- 162
AUM over time
$438M
$1.2B
Dec 2020
Dec 2025
Annual snapshots from Form ADV filings · as of Apr 13, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Investment companies | 1 | $1.2B | 100.0% |
People (7)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Kravis, Henry, R | Class A Shareholder | Oct 2009 (17y) | 25% – 50% of Kkr Holdings Gp Limited (indirect) | |
| Roberts, George, Rosenberg | Class A Shareholder | Oct 2009 (17y) | 25% – 50% of Kkr Holdings Gp Limited (indirect) | |
| Smith, Robert, Frederick | Class A Shareholder | Jul 2015 (11y) | ≈ 0.7% – 5% via Vista Holdings Group, Lp | |
| Jacobs, Stephen, Craig | General Counsel | Aug 2020 (6y) | Less than 5% | |
| Thome, Christopher, Wesley | Chief Compliance Officer | Aug 2020 (6y) | Less than 5% | |
| Scholnick, Brett, Evan | Chief Financial Officer | Jul 2023 (3y) | Less than 5% | |
| Veronis, Nicholas, O' Malley | Chief Executive Officer & Chief Investment Officer | Jul 2023 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Icapital Rfa Holding Llc | Managing Member | Aug 2020 | A | 75% or more |
| Kkr Ikpmf Alternative Holdings Llc | Member | Aug 2020 | A | 5% – 10% |
| Vista Adviser Spv, Llc | Member | Jun 2023 | A | 5% – 10% |
| Warburg Pincus Prosvasi Manager Llc | Member | Jun 2023 | A | 5% – 10% |
| Kohlberg Kravis Roberts & Co. L.P. | Member | Jun 2020 | B | ≈ 3.75% – 10% via Kkr Ikpmf Alternative Holdings Llc |
| Kkr Group Partnership L.P. | Limited Partner | Jan 2020 | B | ≈ 2.81% – 10% via Kohlberg Kravis Roberts & Co. L.P. |
| Kkr Holdco Llc | Sole Member | Jan 2020 | B | 75% or more of Kkr & Co. Gp Llc (indirect) |
| Kkr & Co. Inc. | Shareholder | Jul 2018 | B | 75% or more of Kkr Group Holdings Corp. (indirect) |
| Icapital Inc. | Owner | Aug 2022 | B | 75% or more of Institutional Capital Network Inc. (indirect) |
| Vhg Capital, L.P. | Owner | Jun 2023 | B | ≈ 3.75% – 10% via Vista Adviser Spv, Llc |
| Vista Holdings Group, Lp | Owner | Oct 2021 | B | ≈ 2.81% – 10% via Vhg Capital, L.P. |
| Warburg Pincus Llc | Sole Member | Jun 2023 | B | ≈ 3.75% – 10% via Warburg Pincus Prosvasi Manager Llc |
| Kkr Holdings L.P. | Limited Partner | Jan 2020 | B | ≈ 0.7% – 5% via Kkr Group Partnership L.P. |
| Institutional Capital Network Inc. | Managing Member | Aug 2020 | B | GP / trustee / elected manager of Icapital Rfa Holding Llc (indirect) |
| Kkr & Co. Gp Llc | General Partner | Jan 2020 | B | GP / trustee / elected manager of Kohlberg Kravis Roberts & Co. L.P. (indirect) |
| Kkr Group Holdings Corp. | General Partner | Jan 2020 | B | GP / trustee / elected manager of Kkr Group Partnership L.P. (indirect) |
| Kkr Holdings Gp Limited | General Partner | Aug 2007 | B | GP / trustee / elected manager of Kkr Holdings L.P. (indirect) |
Undisclosed: 0% – 10% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Smith, Robert, Frederick: 25% – 50% of Vista Holdings Group, Lp × 75% – 100% of Vhg Capital, L.P. × 75% – 100% of Vista Adviser Spv, Llc × 5% – 10% direct ≈ 0.7% – 5% of the firm
- Kohlberg Kravis Roberts & Co. L.P.: 75% – 100% of Kkr Ikpmf Alternative Holdings Llc × 5% – 10% direct ≈ 3.75% – 10% of the firm
- Kkr Group Partnership L.P.: 75% – 100% of Kohlberg Kravis Roberts & Co. L.P. × 75% – 100% of Kkr Ikpmf Alternative Holdings Llc × 5% – 10% direct ≈ 2.81% – 10% of the firm
- Vhg Capital, L.P.: 75% – 100% of Vista Adviser Spv, Llc × 5% – 10% direct ≈ 3.75% – 10% of the firm
- Vista Holdings Group, Lp: 75% – 100% of Vhg Capital, L.P. × 75% – 100% of Vista Adviser Spv, Llc × 5% – 10% direct ≈ 2.81% – 10% of the firm
- Warburg Pincus Llc: 75% – 100% of Warburg Pincus Prosvasi Manager Llc × 5% – 10% direct ≈ 3.75% – 10% of the firm
- Kkr Holdings L.P.: 25% – 50% of Kkr Group Partnership L.P. × 75% – 100% of Kohlberg Kravis Roberts & Co. L.P. × 75% – 100% of Kkr Ikpmf Alternative Holdings Llc × 5% – 10% direct ≈ 0.7% – 5% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/13/2026 | 2.25 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
Services
- • Portfolio management for investment companies
Custody
Firm reports it does not have custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Apr 13, 2026.
View current Form ADV (SEC/IAPD) ↗