Ittikar Operational and Open to New Members
The private capital network Ittikar, designed for global family offices, is now fully operational after launching ahead of schedule in March. Managed by its original 100 founding members, the platform has already facilitated two acquisitions led by Mondevo Group: Caruso, an Italian menswear brand acquired in February, and Underscore District, a Milan-based accelerator behind several fashion brands, acquired in August. Ittikar leverages AI to streamline due diligence processes for its users. The platform was developed internally using strict European data regulations such as GDPR, NIS 2, and the EU AI Act. Each family maintains control over their own encrypted
Topics: acquisition AI in finance family offices private equity