Alts Pulse Ep. 18: Taking the pulse of private markets with iCapital Chairman & CEO Lawrence Calcano
Episode
18 min
Read time
2 min
Topics
Productivity, Personal Finance, Investing
AI-Generated Summary
Key Takeaways
- ✓Asia Market Structure: Asia represents $18 billion in AUM for iCapital versus $12 billion in Europe, with private banks driving adoption and advisors wanting evergreen products to serve both accredited and sub-accredited clients immediately.
- ✓Evergreen Product Adoption: 77% of advisors express interest in evergreen structures because traditional three c seven funds restrict accredited investor access, while evergreen products enable advisors to serve their entire client base inclusively across wealth tiers.
- ✓Distribution Investment Strategy: GPs achieving success invest in boots-on-ground distribution across Tokyo, Australia, and Asia because alternatives remain a sold-not-bought asset class requiring ongoing advisor education on portfolio construction and product mechanics.
What It Covers
iCapital CEO Lawrence Calcano discusses global private markets adoption across Asia, Europe, and US, focusing on evergreen products, model portfolios, and distribution strategies for wealth advisors.
Key Questions Answered
- •Asia Market Structure: Asia represents $18 billion in AUM for iCapital versus $12 billion in Europe, with private banks driving adoption and advisors wanting evergreen products to serve both accredited and sub-accredited clients immediately.
- •Evergreen Product Adoption: 77% of advisors express interest in evergreen structures because traditional three c seven funds restrict accredited investor access, while evergreen products enable advisors to serve their entire client base inclusively across wealth tiers.
- •Distribution Investment Strategy: GPs achieving success invest in boots-on-ground distribution across Tokyo, Australia, and Asia because alternatives remain a sold-not-bought asset class requiring ongoing advisor education on portfolio construction and product mechanics.
Notable Moment
Despite US market maturity, only 25 to 30 percent of advisors generate 70 percent of alternative investments business, indicating significant untapped growth potential remains across all global markets.
You just read a 3-minute summary of a 15-minute episode.
Get Alt Goes Mainstream summarized like this every Monday — plus up to 2 more podcasts, free.
Pick Your Podcasts — FreeKeep Reading
More from Alt Goes Mainstream
Bank of America's Mark Sutterlin - why being a good investor in private markets is table stakes
Jun 4 · 51 min
Hidden Forces
The Case for a Historic Reallocation to Emerging Markets | Sony Kapoor
Feb 23
More from Alt Goes Mainstream
iCapital's Kunal Shah - the private markets mindset wealth managers need: live from iCapital Connect
Jun 1 · 17 min
Odd Lots
Inside Hudson River Trading's Blistering Token Burn
Jun 5
More from Alt Goes Mainstream
We summarize every new episode. Want them in your inbox?
Bank of America's Mark Sutterlin - why being a good investor in private markets is table stakes
iCapital's Kunal Shah - the private markets mindset wealth managers need: live from iCapital Connect
Benefit Street Partners' Michael Comparato - the opportunity in commercial real estate credit
73 Strings' Yann Magnan - unlocking valuation intelligence in private markets
Hamilton Lane's Hartley Rogers - pioneering private markets: Live from iCapital Connect
Similar Episodes
Related episodes from other podcasts
Hidden Forces
Feb 23
The Case for a Historic Reallocation to Emerging Markets | Sony Kapoor
Odd Lots
Jun 5
Inside Hudson River Trading's Blistering Token Burn
a16z Podcast
May 27
Marc Rowan on Private Markets, Software Repricing, and Capital Allocation
Eye on AI
May 15
Why Agentic-First Startups Won't Disrupt Enterprises as Fast as Everyone Thinks | Kris Lovejoy
No Priors: Artificial Intelligence | Technology | Startups
May 11
Amex Global Business Travel: The World’s First AI Take Private with Long Lake CEO Alexander Taubman
Explore Related Topics
This podcast is featured in Best Investing Podcasts (2026) — ranked and reviewed with AI summaries.
Read this week's Investing & Markets Podcast Insights — cross-podcast analysis updated weekly.
You're clearly into Alt Goes Mainstream.
Every Monday, we deliver AI summaries of the latest episodes from Alt Goes Mainstream and 192+ other podcasts. Free for up to 3 shows.
Start My Monday DigestNo credit card · Unsubscribe anytime