Keep pulling the thread on Samir Vasavada.
Vise has surpassed $15 billion in platform assets under management for its clients.
Samir Vasavada predicts the enterprise RIA market will grow from $2 trillion to $10 trillion in assets over the next five to seven years.
Vise achieved over 1,500% year-over-year growth in platform assets with a team of 41 people.
Vise achieved a unicorn valuation within 18 months of its seed funding round.
Samir Vasavada argues that since traditional LPs like endowments and pension funds are over-allocated to venture capital, the next major source of capital for private funds is the retail investor market.
Less than 3% of the $83 trillion U.S. retail wealth market is currently invested in alternative assets, representing a massive opportunity for growth.
According to a recent report from Carta, approximately 50% of LPs are no longer allocating new capital to the venture capital asset class.
BlackRock acquired HPS Investment Partners for approximately $12 billion and Global Infrastructure Partners for a similar amount, driven by growing retail demand for alternative investments.
Vise's long-term vision is to become the world's largest asset manager by building a business entirely powered by a technology platform.
Samir Vasavada predicts a 60% chance of a U.S. recession occurring in late 2024 or early 2025.
The total wealth market in the United States is valued at $83 trillion in assets.
The enterprise Registered Investment Advisor (RIA) market currently manages approximately $2 trillion in assets.