iCapital partners with Anthropic for its next AI phase.
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iCapital partners with Anthropic for its next AI phase. The platform will use Anthropic's Claude to improve advisor experience and product provider engagement. Elaine Misonzhnik, Senior Editor, Investments, Wealth Management April 30, 2026 Alternative investment platform iCapital announced it is working with Anthropic for the next phase of its artificial intelligence strategy. iCapital executives cited Claude's strong reasoning capabilities, interpretability and ability to operate effectively in a compliance-first environment as the reasons they chose Anthropic as the firm's AI partner. Over the past few months, Claude Code has been introduced into iCapital's software development platform. Going forward, the code will be incorporated into the platform's client-facing applications and its operational stack, according to iCapital CEO Lawrence Calcano. iCapital executives envision that Claude will improve the advisor experience through individual applications, in addition to creating a more seamless path for advisors from fund discovery to education and subscription. Eventually, the AI might create an opportunity for iCapital to consolidate some of these applications, Calcano noted. "We want to be very much on the front foot with respect to adapting AI," he said. "It's almost part of our whole design process as we think about building out applications. We think the...
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