iCapital1 , the global fintech company shaping the future of investing, together with LYNK Markets, a fintech platform empowering private market distribution in Latin America, today announced the launch of a Private Exchange-Traded Note (ETN) in collaboration with Pantheon, a leading global private markets manager. This launch marks the first Private ETN introduced with Pantheon as the first manager on the platform. This represents the initial step in a broader framework through which iCapital and LYNK Markets intend to roll out additional Private ETN solutions in collaboration with other asset managers.
By combining iCapital’s global marketplace and operating platform with LYNK Markets’ Private ETN infrastructure, alongside Pantheon’s global private equity investment and portfolio management expertise, the initiative establishes a scalable framework designed to support future offerings and broader international distribution of private markets strategies.
The Private ETN ultimately invests into Pantheon’s strategic, international private equity evergreen strategy and leverages traditional market infrastructure to streamline onboarding, administration, and reporting. While subscriptions and redemptions follow the fund’s monthly and quarterly schedule, the structure allows private market exposure to be held and monitored alongside publicly traded securities within familiar brokerage and custody accounts, addressing the operational complexity that has historically limited access to private markets across the region, while preserving the underlying investment discipline and governance of the strategy.
For asset managers, the Private ETN structure can facilitate international distribution without requiring duplicative fund documentation, while extending reach through established global funds and securities servicing infrastructure such as Euroclear and Clearstream. For wealth managers and advisors, the format provides trade based access through existing accounts, eliminates subscription processes and duplicative AML/KYC requirements, and supports mark to market reporting through standard market systems.
Victor Mayer, Partner and Head of International in Pantheon’s Global Private Wealth team, said: “With over 40 years of experience, Pantheon brings deep expertise and a long-standing track record to private equity investing. The Private ETN structure addresses longstanding operational barriers to private markets participation in Latin America, and partnering with iCapital and LYNK Markets enables us to extend our reach through familiar market infrastructure, and for eligible investors across the region to access private markets alongside their publicly traded holdings.”
Mario Rivero, CEO of LYNK Markets, said: “We are focused on strengthening the infrastructure that supports private markets in Latin America. Our collaboration with Pantheon and iCapital is part of that broader effort.”
“This launch reflects the strength of our partnership with LYNK Markets and Pantheon, and our shared focus on delivering operationally efficient solutions for private markets investing,” said Wes Sturdevant, Head of International Client Solutions, Americas at iCapital. “Private ETNs represent an important evolution in how private markets strategies can be accessed internationally, offering eligible investors exposure through established market infrastructure while supporting scalable long-term distribution.”
The launch follows iCapital’s strategic investment in LYNK Markets and reflects the firms’ shared strategy to develop a scalable framework for future Private ETN offerings and broader international distribution.
About iCapital
iCapital is a global leader, shaping the future of global investing for financial advisors, wealth managers, asset managers, insurance carriers, and other industry participants. iCapital offers a diverse and complete range of non-traditional investment products on iCapital Marketplace, Enterprise Solutions, and both Technology and Data Services, designed to help drive better outcomes2 for all participants in the ecosystem.
With strategic investment from leading alternative asset managers, wealth managers, and service providers globally, iCapital provides broad access, data connectivity, education, and research programs to advisors and their clients. Leveraging AI and machine learning for digital identity (KYC/AML), iCapital supports compliant and secure investment lifecycle processes.
iCapital’s end-to-end platform manages the lifecycle of non-traditional investment products, making it easier to learn about, buy, manage, and integrate alternative assets, structured investments, and annuities and insurance products into portfolios, driving growth, scale, and efficiency. Our solution(s) can be customized and offers specific modules as needed.
iCapital has nearly $1.2 trillion3 of assets serviced globally on its platform, including over $311 billion in alternative platform assets, $288 billion in structured investments and annuities outstanding, and $554 billion in client assets reported on, and serves over 3,400 wealth management firms and 130,000 active financial professionals.
Headquartered in New York and Greenwich, CT, iCapital operates globally with 19 offices, including major hubs in Zurich, London, Hong Kong, Singapore, Tokyo, Sydney, Abu Dhabi, and Toronto, and an industry-leading R&D center in Lisbon. iCapital is recognized for its innovation and leadership, with accolades from Euromoney (World’s Best Technology Provider for Wealth Management), CNBC (World’s Top Fintech Companies), and Forbes Fintech 50.
For more information, visit https://icapital.com | X (Twitter): @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc
About Pantheon
Pantheon4 has been at the forefront of private markets investing for more than 40 years, earning a reputation for providing innovative solutions covering the full lifecycle of investments, from primary fund commitments to co-investments and secondary purchases, across private equity, private credit, and real assets. For more information, please visit www.pantheon.com.
We have partnered globally with institutional investors of all sizes as well as a growing number of private wealth advisers and investors, with approximately $85bn in discretionary assets under management (as of September 30, 2025).
Leveraging our specialized experience and global team of professionals across Europe, the Americas, and Asia, we invest with purpose and lead with expertise to build secure financial futures.
About LYNK Markets
LYNK Markets is a platform that facilitates access to private markets, ETNs, and alternative investments for the Latin American wealth channel. Through its proprietary infrastructure and partnerships with global asset managers, LYNK Markets reduces operational friction and expands the reach of institutional-quality strategies to wealth managers and financial advisors across the region.
For more information, visit https://lynkmarkets.com | Twitter (X): @CapitalLynk| LinkedIn: https://www.linkedin.com/company/lynk-markets
For media inquiries, please contact:
iCapital
media@icapital.com
Pantheon
mariella.reason@pantheon.com
+44 20 3473 3975
LYNK Markets
fernando.tobias@lynkmarkets.com
- iCapital, Inc., together with its affiliates “iCapital”
- iCapital delivers better outcomes by streamlining financial operations, enhancing technology infrastructure, and empowering smarter decision-making through reporting and analytics.
- As of March 31, 2026
- Pantheon refers to the subsidiaries and subsidiary undertakings of Pantheon Ventures Inc. and AMG Plymouth UK Holdings Limited and includes operating entities principally based in the US (San Francisco and New York), UK (London), Hong Kong, Guernsey, Tokyo, Dublin and Singapore. Pantheon Ventures Inc. and Pantheon Ventures (US) LP are registered as investment advisors with the US Securities and Exchange Commission (“SEC”); Pantheon Securities, LLC is a broker dealer registered with the SEC and is a member of the Financial Industry Regulatory Authority (“FINRA”). Pantheon Ventures (UK) LLP is authorized and regulated by the Financial Conduct Authority (“FCA”) in the United Kingdom. Pantheon Ventures (Guernsey) Ltd and a number of other Pantheon entities incorporated in Guernsey are regulated by the Guernsey Financial Services Commission. Pantheon Ventures (Asia) Limited is registered as a Type II Financial Instruments Business and Investment Advisory and Agency Business Operator with the Kanto Local Finance Bureau in Japan (KLFB). Pantheon Ventures (Ireland) DAC is regulated by the Central Bank of Ireland (“CBI”) and is an appointed representative of Pantheon Ventures (UK) LLP in respect of activities carried out in the United Kingdom. Pantheon Ventures (Singapore) Pte. Ltd holds a capital markets service license from the Monetary Authority of Singapore (“MAS”) to conduct fund management with accredited and institutional investors. This press release is not an offer of securities for sale. Securities may not be offered or sold in the United States absent registration or an exemption from registration. © 2026 This is a marketing communication, please refer to the Prospectus before making any final investment decision.
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