Keep pulling the thread on Lawrence Calcano.
Institutional investment flows into alternative assets are now exceeding $1 trillion per year.
iCapital has over $65 billion in alternative assets allocated from investors who reside outside of the United States.
iCapital has made 24 acquisitions and has a policy of fully integrating every company it purchases.
Since its founding in 2013, iCapital has become the dominant financial technology platform for alternative investments, serving wealth managers, advisors, and banks.
Lawrence Calcano believes companies must adopt new technology waves, such as AI, to avoid being displaced, citing the failure of companies like Borders to adapt to the rise of Amazon.
Lawrence Calcano believes that the adoption of major new technologies consistently takes longer than the market hype suggests.
iCapital is making significant financial investments in artificial intelligence, viewing it as a massively important trend.
iCapital operates on a B2B2C model, focusing on providing its platform and services to financial advisors rather than directly to end-clients.
Lawrence Calcano believes the term "semi-liquid" is confusing for investors and misrepresents the fundamentally illiquid nature of alternative investments.
iCapital believes that model portfolios will become a very important method for financial advisors to invest in alternative assets.
Half of iCapital's 20 corporate offices are located outside of the United States.
A late 2023 report by Boston Consulting Group estimated that total global wealth owned by individuals is $153 trillion.