InvestCloud is expanding its private markets and managed accounts offering as the WealthTech provider targets record sales and more than $9tn in assets across its platforms.

The New York-based company said it has reached a series of commercial and product milestones since introducing a new strategic direction in October 2024. It expects low double-digit revenue growth this year alongside strong adjusted EBITDA growth, putting it above the Rule of 40 benchmark in 2026.

Its APL managed account platform holds more than $4.2tn in assets, up 20% from $3.5tn a year earlier. The platform spans 11 million accounts and 4.7 million active models, while processing an average of 2.4 million trades each day.

Private markets are a central part of InvestCloud’s growth strategy. Its PM+ offering allows firms to combine public and private assets within a single automated, model-based managed account.

Around $8bn in private market assets are already held on APL, with several wealth managers having adopted PM+ and additional firms in the pipeline.

PM+ connects with Altic, an AI-native, rules-based private markets network designed to handle the routing, validation, transport and lifecycle management of private market orders.

InvestCloud has invested more than $50m in building Altic, which is targeting a private markets industry worth more than $16tn. Several wealth and asset managers have committed to the network, with core services expected to be fully operational by the end of the year.

The company is also applying AI to advisor and client engagement, with its technology rebuilt around an AI-based foundation.

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