Institutional Capital Network Inc.'s iCapital Strategies LLC unit collected $517.8 million across two private equity funds.

PE Premier Blackstone Life Sciences V Onshore Feeder LP raised about $397.0 million from 1,066 investors, while PE Premier Blackstone Life Sciences V Offshore Feeder LP obtained roughly $120.8 million from 259 investors.

Morgan Stanley Smith Barney LLC was the placement agent for the two vehicles.