Passthrough

Passthrough is a financial technology company that specializes in automating investor onboarding and financial crime compliance within the private capital sector. Founded in 2020 and headquartered in New York, New York, Passthrough offers a comprehensive platform designed to streamline subscription documents and Anti-Money Laundering (AML) and Know Your Customer (KYC) processes for private fund managers, including those in venture capital, private equity, real estate, and credit. The platform enables fund managers to create and manage electronic subscription documents, ensuring accurate and efficient completion by investors. It also provides professional KYC/AML services, handling compliance operations to protect the fund's reputation and satisfy counterparty requirements. Additionally, Passthrough offers data integrations that seamlessly connect Limited Partner (LP) onboarding to existing Customer Relationship Management (CRM) systems, investor portals, or data rooms, eliminating the need for engineering resources or manual data entry. In February 2026, Passthrough was acquired by iCapital, further enhancing its capabilities in the private markets ecosystem.