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, 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.