Episode

iCapital's Kunal Shah - the private markets mindset wealth managers need: live from iCapital Connect

Podcast
Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets
Published
Jun 1, 2026
Duration seconds
1051
Processing state
not_requested
Canonical source
https://share.transistor.fm/s/e7e95f04
Audio
https://media.transistor.fm/e7e95f04/ddfeca90.mp3
JSON
/v1/public/podcasts/alt-goes-mainstream-the-latest-on-alternative-investments-wealthtech-private-markets-1384568/episodes/icapital-s-kunal-shah-the-private-markets-mindset-wealth-managers-need-live-from-icapital-connect
Markdown
/podcast/alt-goes-mainstream-the-latest-on-alternative-investments-wealthtech-private-markets-1384568/icapital-s-kunal-shah-the-private-markets-mindset-wealth-managers-need-live-from-icapital-connect.md

Actions

  • POST https://stenobird.com/v1/public/podcasts/alt-goes-mainstream-the-latest-on-alternative-investments-wealthtech-private-markets-1384568/episodes/icapital-s-kunal-shah-the-private-markets-mindset-wealth-managers-need-live-from-icapital-connect/transcription-requests
    Idempotently request low-priority transcript generation for this episode.
  • GET https://stenobird.com/podcast/alt-goes-mainstream-the-latest-on-alternative-investments-wealthtech-private-markets-1384568/icapital-s-kunal-shah-the-private-markets-mindset-wealth-managers-need-live-from-icapital-connect.md
    Read the agent-friendly Markdown representation of this episode resource.

Summary

Welcome to the 20th episode of the Alts Pulse, a collaboration between iCapital x Alt Goes Mainstream. In the latest episode of the Alts Pulse, we were live from iCapital Connect . iCapital Managing Director, Head of Private Asset Research & Model Portfolios, Kunal Shah, and I had a conversation about how to marry an institutional allocator’s mindset with the nuances of serving wealth clients. Kunal brings an institutional allocator’s mindset to the wealth channel. At iCapital, he’s focused on the identification, selection, and due diligence of private equity funds offered on the Flagship Platform. Prior to iCapital, Kunal was a Principal in the private markets group at Meketa Investment Group, a leading global investment consultant serving pension funds, endowments and foundations, and family offices. In that role, Kunal was responsible for leading and managing private equity fund investments. He joined Meketa in 2006 and invested globally, covering buyouts, venture capital, private debt, natural resources, and infrastructure investments. He also developed and led Meketa’s secondary funds purchase practice. Kunal has also served on various LP advisory boards. Prior to Meketa, Kunal was an analyst at The Vanguard Group. Kunal and I finally turned all those hallway conversations we had at iCapital’s old office of 441 Lexington into a podcast! We had a fascinating discussion about how to evaluate alternative asset managers and what makes a great manager. We covered: How should wealth managers approach private markets? Why it’s important to “always be committed” rather than try to time vintages. Are evergreen structures a “game changer” for the wealth channel and a foundational piece for model portfolios? What features does a GP need to run an evergreen fund structure…