Point Hires Paride “Alex” de Calice to Lead Capital Formation
April 16 2024 - 6:00AM
Point, the leading home equity investment platform, welcomed Alex
de Calice as its new Head of Capital Formation. In this new role,
de Calice will spearhead the company's platform capital fundraising
efforts and foster strategic partnerships with institutional
investors to drive the growth of the home equity investing asset
class.
With a wealth of finance experience and an exceptional track
record in capital formation, including raising more than $5 billion
in assets from global investors, de Calice brings a unique blend of
expertise to Point. His strategic vision and deep understanding of
the financial landscape will be crucial in advancing the company's
mission to make homeownership more valuable for everyone. Point’s
Home Equity Investment allows homeowners to sell a portion of their
home equity without taking on additional debt or monthly
payments. "We've been diligently searching for the right
individual to lead our capital formation initiatives, and we're
thrilled to welcome Alex to Point," remarked Eddie Lim, co-founder
and CEO of Point. "His extensive experience engaging with the
global investment community makes him an ideal candidate to drive
Point to new heights. With homeowners increasingly seeking
equity-based financing solutions and investors showing heightened
interest in this category, Alex's expertise comes at a pivotal
moment for our company.""Joining Point presents an incredible
opportunity to contribute to the evolution of the home equity
investment space,” said de Calice. “I'm honored to introduce this
asset class to institutional investors and collaborate with Point's
talented team. I know we can bring the asset class to new audiences
and help more homeowners leverage their equity to their
benefit.” Before Point, de Calice served as President of
Tacora Capital, where he spearheaded the institutionalization of
business development efforts under Keri Findley, Tacora CEO and
current Point board member. Additionally, his tenure as Managing
Director and Head of Business Development and Investor Relations at
Pagaya Technologies saw the company's assets under advisory soar to
$13 billion, culminating in a successful IPO in June 2022. Notably,
de Calice co-founded Nara Capital, a structured credit hedge fund,
and held senior positions at Structured Product Management and
Drake Management LLC, contributing significantly to the growth of
assets under management.De Calice holds an MBA from the University
of Bristol and a Bachelor of Arts from Pepperdine University.
About PointPoint is the leading home equity platform making
homeownership more valuable and accessible. Point’s flagship
product, the Home Equity Investment (HEI), empowers homeowners to
unlock their equity to eliminate debt, get through periods of
financial hardship, and diversify their wealth – without adding to
their monthly expenses. Point has worked with more than 10,000
homeowners, unlocking $1 billion in home equity. Point’s HEI
enables investors to access a previously untapped asset class –
owner-occupied residential real estate. Founded in 2015 by Eddie
Lim, Eoin Matthews, and Alex Rampell, Point is backed by top
investors, including Westcap, Andreessen Horowitz, Ribbit Capital,
Greylock Partners, Bloomberg Beta, Redwood Trust, Alpaca VC, and
Prudential. The company is headquartered in Palo Alto, CA. For more
information, please visit www.point.com
Amanda Woolley
Point
3603191738
awoolley@point.com