We've solved access. Now we need tools that solve for insight, infrastructure, and decisions.Eric Woo · on what private markets still need
Rohit Yadav sits down with Eric Woo, Co-Founder & CEO of Revere, a data-powered portfolio management platform built for LPs and allocators in private markets. Eric has sat on all sides of the table, from institutional LP at large firms, to Head of Institutional Capital at AngelList, and now, to building the infrastructure layer powering the next era of private investing.
We go deep on:
- Why "data lakes" are foundational to portfolio tooling in VC & PE.
- The coming convergence of public and private market analytics.
- Why GPs adopt tools fast, and LPs don't (yet).
- AI's role in replacing analyst work (but not decisions).
- The biggest LP expectation from portfolio tech: "Just make it work".
- How Revere wants to become the Bloomberg Terminal for private markets.
We also explore:
- Why private markets are becoming one-third of modern portfolios.
- "Relationship alpha" and the human edge that tech can't replace.
- Where portfolio tooling will boom next: discovery, secondaries, infra, and more.
- The difference in tooling appetite between US vs. Asia allocators.
- How AI is automating the edges, but relationships still close the deal.
Whether you're a VC, LP, platform builder, or operator navigating the new stack of private markets, this is your roadmap to the next generation of investing infrastructure.
COMPANIES & PLATFORMS
Revere
Data-powered portfolio management platform for LPs and allocators in private markets.
AngelList
Where Eric was Head of Institutional Capital; made startup and fund investing accessible from $2,000.
Edward Jones, Morgan Stanley, Goldman Sachs
Wealth advisors now offering alternatives to attract and retain clients.
The name used for the FOMO end of family office motivation.
PEOPLE
Chris Shen
Revere co-founder, from the family office world.
Investments thought leader, Big Book of VC.
CONCEPTS
The data lake
Aggregated, normalized, refreshed data as the foundation everything else sits on.
Relationship alpha
The term Rohit brings into the conversation for the handshake, access-driven side of private markets that tooling does not replace.
Friction
Manual back-office processing against public markets, where you log into a brokerage account and it is all there.
IRA platforms and rules
IRA regulations now allowing investment into illiquid assets.
Japan
Large, still running on Excel and pen and paper, with a high threshold of pain and a slower adoption curve, but strong network effects once you land a customer.
Rise of Tools for Private Markets →
The full written snapshot of this interview on the Rethink site.