iCapital announced it has entered into a definitive agreement to acquire Hexure, a provider of digital and AI-powered sales automation solutions for insurance, financial services, and wealth management, as the fintech platform expands deeper into annuities and insurance technology.
The acquisition is designed to create what iCapital describes as the industry’s first fully integrated, end-to-end annuity and insurance technology platform, combining Hexure’s capabilities with iCapital’s existing alternatives and structured investments platform. The combined offering aims to deliver a single operating system supporting the full lifecycle, from product discovery and education to order entry and post-sale servicing.
The deal reflects a broader convergence across insurance and alternative investments, as carriers, asset managers, and distributors increasingly collaborate to deliver solutions focused on retirement income, tax efficiency, and long-term diversification. Technology is playing a central role in enabling these workflows across education, compliance, sales, and servicing.
By integrating Hexure’s FireLight digital sales platform and ForeSight illustration technology, iCapital will enhance its ability to support annuity and life insurance processes at scale while streamlining what has historically been a fragmented ecosystem into a more unified experience for advisors and clients.
Hexure’s products, teams, and partnerships will continue to operate within iCapital, supported by the broader platform and resources, while maintaining an open-architecture approach that allows for third-party integrations across the insurance and investment ecosystem.
iCapital currently services more than $1.14 trillion in assets globally across its platform, including hundreds of billions in alternatives, structured investments, and annuities, and supports over 3,300 wealth management firms and more than 123,000 financial professionals worldwide.
Terms of the transaction were not disclosed. BofA Securities served as financial advisor to iCapital.
KEY QUOTES
“iCapital offers the integrated technology platform that serves as an operating system for alternative investments, structured investments, and annuities—supported by world-class infrastructure and informed by deep insights and data intelligence. With Hexure’s software solutions, we will support the insurance ecosystem end-to-end, from front-end innovation through seamless back-end execution. This strategic acquisition expands our reach and deepens our technology capabilities, unlocking new opportunities to better serve our clients and the broader industry as a whole.”
Lawrence Calcano, Chairman And CEO Of iCapital
“Joining iCapital allows us to significantly extend the reach and impact of our technology and deliver even greater value to our clients. The progress our team has made positions Hexure well for this exciting new chapter. Together, we will enable critical sales and servicing workflows—helping firms operate more efficiently, scale with confidence, and better serve end investors.”
Bill Lucchini, Chief Executive Officer Of Hexure
“The insurance, alternatives, and wealth ecosystems are increasingly interconnected, creating demand for technology that simplifies how products are delivered and managed. The company has been at the forefront of digitizing the insurance sales and servicing lifecycle, and we are proud of the progress the team achieved during our partnership. We believe iCapital provides an ideal strategic home to scale Hexure’s capabilities and help deliver a truly integrated platform for the industry.”
Ganesh Rao, Managing Director And Head Of Financial Services & Technology, And Ed Shahnasarian, Managing Director, THL Partners
