Rob Heyvaert: The Plumber of Private Markets episode artwork

EPISODE · Nov 27, 2025 · 41 MIN

Rob Heyvaert: The Plumber of Private Markets

from Modern Capital: The Private Markets Podcast · host Marc Andrew

What happens when the man who engineered the clearing system for the euro at age 25 turns his full attention on private markets?Rob Heyvaert has spent three decades building the plumbing of finance: founding companies acquired by IBM and FIS, scaling Capco to 7,000 people across 21 offices, and now orchestrating a portfolio at Motive Partners that includes InvestCloud, FNZ, Daphne, CAIS, and others shaping how capital flows.In this inaugural episode of Modern Capital, Rob makes a striking claim: private markets are approaching their "Bezos moment" - the point where customer obsession finally becomes possible, and necessary.What you'll learn:The infrastructure gap: Financial services has spent decades building siloed systems that barely communicate. Rob explains why private markets now offer a rare opportunity to rebuild from first principles—and why legacy systems are the real barrier to customer delight.Why 60/40 portfolios are a historical accident. Institutional investors have 40% allocations to private markets. Retail investors have 2%. Rob argues this isn't about risk... it's about infrastructure that was never built to serve the individual investor.The volume problem that will determine winners. If model portfolios move to even 5% private market allocations, transaction volumes will increase 80-100x. Most providers aren't remotely prepared. Rob explains who will be.What your children's wealth management looks like. Will they use a "super app" that knows everything about them? Or will they still rely on Johnny the wealth advisor - who might be human, might be AI, might be something in between? Rob offers a surprisingly nuanced view.

What happens when the man who engineered the clearing system for the euro at age 25 turns his full attention on private markets?Rob Heyvaert has spent three decades building the plumbing of finance: founding companies acquired by IBM and FIS, scaling Capco to 7,000 people across 21 offices, and now orchestrating a portfolio at Motive Partners that includes InvestCloud, FNZ, Daphne, CAIS, and others shaping how capital flows.In this inaugural episode of Modern Capital, Rob makes a striking claim: private markets are approaching their "Bezos moment" - the point where customer obsession finally becomes possible, and necessary.What you'll learn:The infrastructure gap: Financial services has spent decades building siloed systems that barely communicate. Rob explains why private markets now offer a rare opportunity to rebuild from first principles—and why legacy systems are the real barrier to customer delight.Why 60/40 portfolios are a historical accident. Institutional investors have 40% allocations to private markets. Retail investors have 2%. Rob argues this isn't about risk... it's about infrastructure that was never built to serve the individual investor.The volume problem that will determine winners. If model portfolios move to even 5% private market allocations, transaction volumes will increase 80-100x. Most providers aren't remotely prepared. Rob explains who will be.What your children's wealth management looks like. Will they use a "super app" that knows everything about them? Or will they still rely on Johnny the wealth advisor - who might be human, might be AI, might be something in between? Rob offers a surprisingly nuanced view.

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Rob Heyvaert: The Plumber of Private Markets

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This episode was published on November 27, 2025.

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What happens when the man who engineered the clearing system for the euro at age 25 turns his full attention on private markets?Rob Heyvaert has spent three decades building the plumbing of finance: founding companies acquired by IBM and FIS,...

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