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iCapital expands New York City office space for fifth time by a whopping 79,000-square-feet in historic tower, after 2024 M&A spree and LPL deal

The alts platform for Schwab, Fidelity, LPL and Envestnet and others commits to 16-year lease, takes office space to 219,000-sq-ft-plus -- and signals long-term confidence.

Author Brooke Southall and Oisin Breen February 26, 2025 at 4:00 AM
1 Comment
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Lawrence Calcano is boosting iCapital's footprint in New York City, an alts nerve center for many RIAs and brokers.
Keith Girard contributed to the editing of this article.

Lawrence Calcano


Dan C

Dan C

February 26, 2025 — 5:21 AM
Their growth makes sense. In 2024, 21,000 US companies had ARR of $100 Million. Only 3k of those companies are publicly traded, while 18k are private firms. That’s where the growth is—in the private side. The only way to participate and have exposure to a select group of those 18,000 firms is through private funds managed by GPs that deliver over and over again. The question everyone should be asking is why do ~100,000+ advisors concentrate the vast majority of client assets in the S&P 500 index(-~35%+ of which is concentrated in 7 stocks??

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