And in 2019, it began buying up thousands of rental apartments across the United States. Sources say Iconiq Capital a privately held wealth management firm that serves tech billionaires like Mark Zuckerberg and Jack Dorsey has taken about 88,600 square feet at 300 Mission St. Its founders have invested in dozens of tech startups around the globe earlier this year, the company launched a new European office. In recent years, Iconiq has increasingly begun acting more as a hybrid firm - focusing on venture capital investing while also still handling clients’ mundane day-to-day financial affairs. ![]() Also now clients of Iconiq are folks outside tech’s inner circle - billionaire hedge funders David Bonderman, Henry Kravis, and Tiger Global Management’s Chase Coleman, all of whom sit on the company’s board of directors. Zuckerberg gave fledgling Iconiq a big name in Silicon Valley, and the company’s client roster now includes Facebook’s Sheryl Sandberg and Dustin Moskovitz, LinkedIn’s Reid Hoffman and Twitter’s Jack Dorsey. But their most famous client, and the key to their success, is Mark Zuckerberg, who met Makan in 2004 while Facebook was still in diapers. Today, Iconiq’s client list reads like a who’s-who of Silicon Valley greats. Described by Forbes in 2014 as “an obscure Silicon Valley firm” that’s technically an ordinary registered investment advisory, the 10-year-old company has been transformed by its founders - Divesh Makan, Michael Anders, Chad Boeding and Griffith - into a highly exclusive tech mogul billionaires club that “operates as a cross between a family office and a venture capital fund.” Most recently, the Facebook billionaire bought 600 acres on the Hawaiian island of Kauai, nearly doubling his footprint on the island.Not many wealth managers can fathom affording their own $20 million house, much less two of them, but then again few wealth managers are as successful as Will Griffith and his San Francisco-based Iconiq Capital. Zuckerberg has acquired property in Hawaii and in Lake Tahoe through Iconiq-controlled LLCs. Iconiq continues to help its well-heeled clients with their own acquisitions. The firm closed Chicago’s priciest multifamily deal of 2020 when it paid $190 million for the 479-unit Essex on the Park tower from Oxford Capital and Quadrum Global.Įarlier this year, the firm paid $77 million for a 175-unit apartment building in Miami’s Wynwood neighborhood. The private capital firm offers boutique services that focus on venture capital, technology growth, real estate and market buyouts. In addition to a client list that includes Twitter’s Jack Dorsey and Facebook’s Sheryl Sandberg, the firm has invested in dozens of startups and since 2019 has acquired its own investment properties. ICONIQ Capital is an investment advisory firm based in San Francisco that focuses on providing services mainly to ultra high net worth individuals and organizations. Iconiq, meanwhile, has also been in acquisition mode. Last June, the couple paid $20 million for a 13,000-square-foot home in Atherton, home to some of the area’s wealthiest people. The main living room has a large sliding wall that leads out to an infinity pool and spa overlooking the Pacific Ocean. ![]() Marine had paid $7.2 million for the property a decade ago.īuilt in 2013, the home has six bedrooms and six bathrooms. ![]() The seller was JEM Sportswear founder Jeff Marine, the report noted. Griffith, co-founder of wealth manager and property investor Iconiq Capital, and his wife Calla bought the 6,200-square-foot Malibu home in an off-market deal, according to dirt. Mark Zuckerberg’s money manager Will Griffith dropped $20 million on a home in Malibu’s Broad Beach, a year after paying the same amount for a property in Silicon Valley’s Atherton area. Iconiq Capital’s Will Griffith (LinkedIn)
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