Incapital
From Wikipedia, the free encyclopedia
| Company type | Privately held |
|---|---|
| Industry | Financial services |
| Founded | 1999 |
| Founder | Thomas S. Ricketts |
| Headquarters | Chicago, Illinois |
Number of employees | 150 |
Incapital LLC is an American financial-services company that originates, underwrites and distributes fixed-income and market-linked securities to retail and institutional investors through a network of more than 800 broker-dealers, banks and wealth-management firms.[1][2] Headquartered in Chicago, the privately held company maintains major offices in Delray Beach, Florida. In February 2021 it announced a merger with San-Francisco–based 280 CapMarkets to create the fintech broker-dealer InspereX.[3]
Incapital was founded in 1999 by Chairman Thomas S. Ricketts[4](also Executive Chairman of the Chicago Cubs) to provide securities firms and individual investors access to corporate bonds.[5]
In 2000 the firm introduced the InterNotes programme, a continuous-offering shelf that allows corporate and agency borrowers to issue medium-term notes in US$1,000 denominations via Incapital’s web platform. By April 2008 InterNotes had channelled more than US$201 billion in retail bonds for 41 corporate issuers and several federal-agency borrowers.[1] A 2003 variant—Inflation-Protected InterNotes—was launched jointly with Banc of America Securities to hedge retail investors against rising prices.[6] Sovereign issuers also used the platform: in 2006 the Government of Mexico unveiled a retail funding exercise under the InterNotes banner.[7]
Structure
Incapital is a privately held firm with roughly 150 employees. It is headquartered in Delray Beach, Florida and has additional offices in Chicago, Illinois.[8]
Educational initiatives
The company began structured-product accreditation seminars for financial advisers in 2005 and relaunched the programme in 2014 with interactive continuing-education modules on derivatives pay-offs and risk management.[9]
