How I Invest with David Weisburd E57: Eric Poirier CEO of Addepar on Lessons from $6 Trillion in Assets
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Apr 9, 2024 Eric Poirier, CEO of Addepar, discusses managing $6 trillion in assets, leveraging data insights for investment optimization, predicting future trends, transitioning from Palantir, and emphasizing team culture for portfolio management success.
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Eric Poirier's Career Path
- Eric Poirier joined Addepar in early 2013 after working at Palantir since 2006.
- He built Palantir's finance platform before leading Addepar's growth leveraging his tech and finance background.
Unified Portfolio Data Insight
- Addepar aggregates diverse investment data into a single platform for comprehensive portfolio insight.
- This solves operational fragmentation and offers clients a trusted system of record for all investments, public and private.
Improving Capital Allocation
- Addepar's data shows clients often hold excess cash due to uncertain liquidity in private investments.
- Better liquidity projections therewith enable reallocating more capital into risk assets and improving returns.