Keep pulling the thread on Lawrence Calcano.
iCapital's core mission is to break down the traditional barriers to alternative investments for the wealth management industry. Its technology platform provides financial advisors with the access, education, and streamlined workflow necessary to incorporate private equity, private credit, and other alts into client portfolios.
The company positions its technology as a tool to enable the existing financial ecosystem—including custodians, administrators, and transfer agents—rather than disrupt it. The platform is designed to integrate with and enhance the capabilities of its partners, creating a more connected and efficient industry.
iCapital has a prolific and disciplined M&A strategy, having made 24 acquisitions and, critically, integrated every single one. This approach focuses on acquiring key technologies and talent, then fully embedding them to create a seamless, unified platform and a cohesive company culture.
iCapital views AI as a massively important technology and is investing heavily in its practical application. The firm is using AI to automate and accelerate labor-intensive processes, such as creating subscription documents for new funds and extracting client data from various sources.
While the U.S. market is growing, the international opportunity for alternative investments is even larger and less penetrated. iCapital is actively expanding its global footprint, with half of its offices located outside the U.S. and over $65 billion in assets on the platform from international investors.