Lawrence and I had a great discussion about how to build an alts platform for the wealth management community, why iCapital serves such a big need for wealth managers and banks, how iCapital thinks about democratization of access and focuses on diligence, education, and quality control on their platform.
Lawrence has built iCapital into one of the category defining companies in the alts space. They have democratized access to high quality alternative investment products for the wealth management industry.
Lawrence and the iCapital team have built the de facto operating system for the wealth management community to invest in and access leading institutional quality alternative investment fund managers.
They’ve grown to almost $70 billion of AUM across 740 funds and 125,000 underlying accounts in less than 7 years.
In the past year alone, iCapital grew their platform assets by over $20 billion and raised $162 million from top growth and strategic investors including Ping An, BlackRock, Blackstone, Goldman Sachs, Hamilton Lane, and WestCap.
Lawrence has had an an illustrious career as a banker and operator. Prior to iCapital, he was a Partner and Co-Head of the Global Tech Banking Group at Goldman Sachs, where he spent over 17 years advising tech companies on many landmark M&A deals and IPOs. He was named to the Forbes Midas List of influential people in venture capital for 5 out of 6 years from 2001-2006.
And now his second act as an entrepreneur at iCapital may top his first act as a Partner at Goldman.
I hope you enjoy.