Lawrence Calcano

Lawrence Calcano, CEO of iCapital, and Robert Picard, Hightower Advisors MD, discuss operational challenges in private markets. They explore technology's impact on private markets, investment opportunities like community banks and AI, and the influence of private credit on economic development. The conversation emphasizes the importance of caution and diligence in navigating private market investments.

Lawrence Calcano, CEO of iCapital and former Goldman Sachs tech banker, reveals fascinating insights about alternative investments. He discusses the staggering $145 trillion held by retail investors, emphasizing their potential in private markets. Calcano highlights the challenges of democratizing access to these investments while leveraging technology to streamline operations. The conversation touches on high-net-worth trends shifting back to equities, the unique advantages of illiquidity in generating alpha, and the critical need for education among financial advisors.

Lawrence Calcano, Chairman and CEO of iCapital, shares insights from his investment banking background and the evolution of private equity targeting individual investors. Jonathan Guilford, US editor at Reuters Breakingviews, highlights the regulatory shifts enabling retail access to alternative assets. They discuss the complexities of navigating investment structures, the integral role of technology in connecting investors to private equity, and the crucial need for financial advisors to educate clients about liquidity risks and long-term commitments in these innovative investments.

Lawrence Calcano, Chairman and CEO of iCapital, leads a platform managing over $200B in assets. He discusses the shift in private markets from mere access to personalized investment solutions, highlighting the importance of customization. Calcano delves into the critical role of diligence in selecting fund managers and the impact of technology on wealth management. He also explains how advisors can effectively differentiate their offerings and navigate the evolving landscape of private market investments, focusing on the need for strategic education.

Lawrence Calcano, Chairman and CEO of iCapital, shares insights on his firm's impressive milestone of surpassing $200 billion in assets. He discusses the evolving dynamics in private markets, emphasizing the rising interest in private credit and the strategic advantages of floating rate products. Calcano also highlights the importance of integrating private assets into investment portfolios, especially for retail investors, while addressing liquidity challenges. The conversation navigates the decline of IPOs and predicts a future where private investments play a crucial role in equity strategies.