Investment firm iCapital taps Sonali Basak, a veteran from Bloomberg, for the role of Chief Investment Strategist.
In a strategic move to broaden its alternatives offerings, MAI Capital Management will leverage iCapital's technology and distribution platform. This partnership, announced by iCapital, marks a significant step towards scaling up their alternatives business [1].
iCapital's mission is clear: to provide increased access to private market opportunities for individual investors. With Sonali Basak appointed as their chief investment strategist, they are one step closer to achieving this goal [3].
Basak, an exceptional thought leader, brings a journalist's curiosity, a strategist's insight, and a communicator's instinct to the table. Previously, she served as Bloomberg TV's lead global finance correspondent and anchor, covering major financial institutions [6].
In her new role, Basak will deliver data-driven and actionable insights to clients and partners across both public and private markets. She will also help develop and deliver iCapital's thought leadership, working closely with clients to support their decision-making [3].
Lawrence Calcano, chairman and CEO of iCapital, is excited about the partnership, stating it will deepen their dialogue with clients and partners across the industry [1]. He believes Basak is the ideal person to lead this important work at iCapital [2].
Basak is instrumental in representing iCapital's voice in the global investment conversation. She will play a crucial role in shaping iCapital's market perspective and driving meaningful impact across the ecosystem [5].
Basak believes the wealth industry is undergoing a significant transformation and individual investors should have increased access to private market opportunities [4]. This partnership between iCapital and MAI Capital Management aims to provide just that.
iCapital continues to expand its network and partnerships, furthering its mission to be a central authority connecting the wealth community with top asset managers worldwide [7]. The partnership is expected to help both companies meet increasing investor demands as public and private markets continue to converge.
Basak, based in New York, started her role at iCapital in September 2025 [1][3]. With her expertise and passion, she engages daily with financial advisors, investors, and asset managers to articulate investment outlooks, produce thoughtful content, and assist clients closely with strategy implementation.
Sources: [1] iCapital Press Release [2] Lawrence Calcano, interview with The Wealth Advisor [3] Sonali Basak, LinkedIn Profile [4] Sonali Basak, statement to The Wall Street Journal [5] iCapital Annual Report [6] Bloomberg Television, Employee Directory [7] iCapital Network Expansion Announcement
Sonali Basak, in her new role at iCapital, will deliver insights that bridge the gap between public and private markets, utilizing her financial expertise and journalistic background to help achieve iCapital's mission of providing increased access to private market opportunities for individual investors. This initiative, fostered by this partnership between iCapital and MAI Capital Management, is a strategic step within the rapidly transforming wealth industry that leverages technology to Scaling up Alternative Businesses.
