In a recent episode of Bloomberg's Masters in Business podcast, host Barry Ritholtz interviewed Lawrence Calcano, chairman and CEO of iCapital, to discuss how he helped build the company into one of the world's leading platforms for alternative investments.
Calcano explained that iCapital serves wealth managers, advisors, bankers, and other financial professionals by providing access to private equity, hedge funds, real estate, and other alternative assets. The platform aims to democratize alternative investments, which were once reserved for institutional investors.
During the conversation, Calcano shared insights on the challenges of scaling a fintech company, the importance of technology in streamlining investment processes, and the growing demand for alternative assets among individual investors. He emphasized that iCapital's mission is to create "the world's alternative investment marketplace" by connecting investors with opportunities that can enhance portfolio diversification and returns.
The episode offers a deep dive into the evolution of alternative investments and the role of technology in reshaping the financial industry.