Mondevo Group Has Opened Ittikar Capital Network
The private capital platform for family offices is now accepting new members following its initial test phase.
Updated on Sept. 30, 2026 in Investing
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Mondevo Group has opened its Ittikar private capital network to new members. The platform, which supports family offices, was previously limited to 100 founding members.
Why it matters
The platform aims to shorten the deal cycle from months to days for family offices. It utilizes an AI due diligence engine to streamline how members read and grade data rooms.
The development of the platform required more than 50 engineers managing 120 AI coding agents. Each member family stores data in a sovereign Data Pod located within their chosen jurisdiction.
The players
Mondevo Group
An international firm with operations in Abu Dhabi and Geneva that focuses on private capital and brand acceleration.
Caruso
An Italian menswear house that was acquired by the Mondevo Group in February 2026.
Underscore District
A Milan-based brand accelerator that was acquired by the Mondevo Group in August 2026.
The details
Ittikar provides a private capital network for family offices and complies with GDPR, NIS 2, and the EU AI Act. The platform design was supported by acquisitions of the Italian menswear house Caruso and the Milan-based brand accelerator Underscore District.
Timeline
November 2025: Mondevo Group announced its platform vision.
February 2026: Mondevo Group acquired the menswear house Caruso.
March 2026: The Ittikar platform went live for 100 founding members.
August 2026: Mondevo Group acquired the brand accelerator Underscore District.
September 30, 2026: The Ittikar network officially opened to new members.
Market Dynamics
The launch marks a transition toward automated due diligence in private equity, signaling a broader shift toward sovereign data management for ultra-high-net-worth investors. It competes against traditional manual deal-making processes by integrating AI-driven compliance with the EU AI Act.
Family offices can expect a significantly faster deal cycle due to the AI-driven due diligence engine. Members also gain sovereignty over their proprietary data through individual Data Pods, which dictates how they handle their private information across jurisdictions.
The takeaway
The digitization of private capital networks represents a fundamental change in how family offices manage confidential deals and due diligence. Investors should prepare for a transition toward automated asset management and sovereign data control as these platforms gain traction.
What happens next
Mondevo Group plans to launch portfolio analysis, monitoring, and reporting tools in early 2027, followed by negotiation features in the second quarter of 2027 and asset tokenization capabilities by mid-2027.
Further reading
Learn more about the latest trends in global capital markets by visiting the Investing section.
More information
For more on the platform, visit the Ittikar membership and platform details.
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