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Articles tagged "ICapital"


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Lawrence Calcano: 'Should [Schwab] be a big lift for us? Absolutely, yes.'

iCapital hits $203 billion of 'platform assets,' but Schwab could boost prospect big-time in a marriage of convenience that would benefit both

The New York City alternatives hub grew asset total $37 billion or about 22% since Sept. 2023, but if Schwab pulls lever on $4-billion revenue play at fat margins, life will be good.

October 15, 2024 at 3:36 AM

Matt Brown: If adopted broadly, this change in fees could save end-investors hundreds of millions, if not billions.

CAIS memo about fee cuts raises hackles by citing other industry players' responsibilities for 'democratization' of alternative investments

Matt Brown, CEO of alts platform, promises to bring feeder-fund access fees down to five basis points in some cases -- but needs broader help.

July 2, 2024 at 11:26 PM

Rick Wurster: It'll be state of the art.

Charles Schwab & Co. makes iCapital its exclusive alts partner as Rick Wurster tells Wall Street that in 2024 his firm will roll out alternative investments to high rollers

The $9T brokerage soft-announced that the long-term project is coming to fruition but RIA clients are excluded, for now

May 29, 2024 at 3:43 AM

Lawrence Calcano: The team is dedicated to providing cutting-edge technology, and these new hires will help us continue to.

Lawrence Calcano, flush with $440-million of PE cash, boosts spending, after iCapital adds $37 billion of non-correlated assets in nine months

The New York City-based CEO of the alts supermarket ordered a hiring spree of computer engineers after financial engineering slows and organic growth starts to kick in.

January 16, 2023 at 6:53 AM

Joe Lonsdale: As the alternative space matures there's room for creative approaches and ... products that might not have worked in the past.

Addepar founder Joe Lonsdale's second alts tech startup for RIAs, Opto Investments, leaves 'stealth' mode with $145 million raise and the chutzpah to take on iCapital and CAIS

Opto comes late to the alts game, but at a $475-million valuation, VC backers are seeing founders' vision of a way-upmarket niche

September 23, 2022 at 2:38 AM

Lawrence Calcano: 'The fact that other people haven't solved the problem... isn't that interesting. What's interesting is whether we think we can.'

Fresh off a $440 million raise, iCapital CEO Lawrence Calcano is ready to dream the impossible--to unite the alts industry in order to dominate it-- despite doubters who say it's a proven exercise in futility

Venture anchored by BlackRock, Blackstone, KKR, Apollo and the Carlyle Group may realize a dominant role by releasing a lingua franca to eradicate data protocol fragmentation.

April 22, 2022 at 2:10 AM

Eileen Duff: Grayscale is adhering to a higher level of scrutiny than many other players.

Grayscale shreds the hype about Bitcoin's power to 'democratize' finance by showing that RIAs really want a dominant Wall Street middleman and are willing to pay hedge-fund-like fees for 'transparency' and an SEC-approved wrapper

The New York City manager landed Schwab, Wealthfront and now the UHNW alts platform, iCapital, to provide a crypto asset that incites exuberant hopes, crippling fears and little between.

September 28, 2021 at 9:50 PM

Ho Ching's firm, Temasek, is leading the giant funding round.

iCapital raises heart-stopping $440 million at $4-billion valuation, after signing big deals to become the alts engine of Envestnet and Allfunds

The 2013-founded, New York City-based alternatives investments company has positive cash flow, high growth and the growing support of more giants and RIAs

July 28, 2021 at 2:25 AM

Lawrence Calcano: We're living in sad and bizarre times. It's putting a spotlight on the need for automation. Historically there's a just lots of re-typing.

No sooner does Lawrence Calcano raise $146 million than he buys rival Artivest -- then Wells Fargo alts service -- capping iCapital's 500%-plus run on alternatives 'platform' to $58 billion -- with almost every wolf on Wall Street chipping in

The iCapital CEO, who started 2019 at a humble $8 billion of AUA, now adds Artivest's $4 billion and its sweet technology to rolled up clientele with funding from BlackRock, Blackstone, Carlyle, KKR, JPMorgan, Morgan Stanley among others. A month later, iCapital brings in $3 billion more with purchase of Wells Fargo alts platform, and the storied bank became an iCapital investor.

May 21, 2020 at 2:20 AM

Porter Gale was the marketing guru that took Virgin America from challenger to up-market darling, but can she repeat the trick at Personal Capital?

With IPO clock at 10-years and ticking, Personal Capital makes two big, out-of-character moves to go upmarket and downmarket

With $9 billion in assets, the Redwood City-based national RIA hired the ex-Virgin America CMO Porter Gale to make one brand investors associates with both the freebie tools and the full-priced financial advice its advisors provide mostly from call centers

March 22, 2019 at 7:55 PM

Sang Lee: We're not just disrupting that market. We're increasing the size of that market.

Now come the robo-alts firms -- a full flock of 'em as unwavering as the robo-advisors

ALTS, DarcMatter, Crystal Capital Partners, Aequitas Capital, CAIS, iCapital, HedgeCoVest are out to create a market -- not quite as dirt cheaply as classic robo-advisors

July 13, 2015 at 5:34 PM

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