Michael Sidgmore of Broadhaven sits down with David Weisburd to talk about the growth of the wealth channel and its link to private equity. They discuss iCapital's role in the venture world, access issues for family offices, and the strategies of Broadhaven Ventures. The conversation also covers GP stakes, the future of emerging managers, and the potential of IRA funds for venture capital and real estate investments.
(0:00) Introduction to I Capital and its growth
(1:10) Welcoming Michael Sidgmore and his background
(2:02) Growth of the RIA channel and independent advisors
(7:16) Independent channel growth statistics and I Capital operations
(10:47) I Capital's relevance and collaboration with venture capital
(14:01) Pros and cons for VCs working with the wealth channel
(17:25) Broadhaven Ventures strategy and financial services background
(20:21) Broadhaven's fintech investments and expansion
(21:47) Rise of GP Staking and benefits for VCs
(24:55) Outlook for emerging managers and private market development
(27:11) Successful investments and focus on smaller managers
(28:57) Sponsor: Alto IRA
(30:05) Potential of 401ks in private markets and portfolio construction
(31:29) Expanding the accredited investor bucket and podcast newsletter announcement
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