The 19th Hole: Beyond The Green by iCapital

Apollo CEO Marc Rowan joins iCapital CEO Lawrence Calcano for a conversation on leadership, culture, innovation, and what it takes to sustain growth at scale. 
Drawing on his experience building Apollo into one of the world's leading private markets firms, Rowan shares why successful organizations often lose momentum when they become more focused on avoiding mistakes than pursuing new opportunities. He discusses the role culture plays in sustaining growth, why innovation must begin long before it's needed, and why he believes the industry has shifted from being capital-constrained to idea-constrained. 
The conversation also explores authentic leadership, talent development, decision-making, and why great leaders should focus on making everyone else's job easier. 

From running videos across the globe to steering Blackstone through challenging events, Jon Gray sits down with iCapital CEO Lawrence Calcano for an unforgettable conversation about leadership, resilience, and building an enduring firm.
Explore key moments:
00:00-01:15 Introduction and Blackstone founding
01:16-3:09 Jon Gray early years
03:10-08:04 Real estate & the Hilton deal
08:05-9:51 Blackstone leadership transition
09:52-14:14 Institutional investing and alternatives
14:15-17:43 Leadership style & leading through tragedy
17:44-19:34 Philanthropy
19:35-22:58 Blackstone holiday video, running videos, & more about Jon
 

How does professional golfer Annika Sörenstam reach her full potential? Watch as she sits down to share her early beginnings, intrinsic motivation, huge wins, and perseverance — lessons applicable to all leaders.

What do private credit and Major League Baseball have in common? Leadership, strategy, and playing the long game.
In this episode of The 19th Hole, Ares Management co-founder Michael Arougheti joins host Lawrence Calcano to discuss:
The evolution of private credit and why it’s reshaping financial markets
What running a top investment firm and owning an MLB team have in common
Leadership lessons from business, baseball, and big moments under pressure
Why culture matters—and why sometimes, you just have to buy beers for the fans
Whether you’re an investor, a sports fan, or a leader in any industry, this conversation is packed with insights on staying ahead of the curve.

Larry Fink, CEO of the world’s largest asset manager, BlackRock, gives his perspective on perseverance, inspirational leadership, and his unwavering belief that technology, innovation and responsible investment can create a better financial future for all. Watch his conversation with Lawrence Calcano here.

Introducing The 19th Hole, inspired by the casual conversations and connections made after a great round of golf. In our first episode, Lawrence Calcano, Chairman and CEO of iCapital, sits down with Jack Nicklaus, an extraordinary philanthropist and golf’s greatest champion with 18 major championship titles. Watch to hear Jack talk about overcoming challenges, secrets to success, and leading with purpose as one of golf’s most legendary figures.