Insider finance: D1's startup investing spree

Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:

  • Family offices are preparing for more regulatory scrutiny in the wake of the Archegos blowup.
  • JPMorgan just tapped a former Lyft executive to lead tech for its corporate and investment bank.
  • Dan Sundheim’s D1 Capital has been on a tear investing in 24 startups this year. 

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Like the newsletter? Hate the newsletter? Feel free to drop me a line at [email protected] or on Twitter @DanDeFrancesco. 

Secretive family offices flew under the regulatory radar for years. Now in the Archegos aftermath, the ultrarich are bracing for unwanted attention.

More on that here.

$21 billion hedge fund D1 Capital has been on a private investing spree. Here are 24 companies it’s backed in 2021 from unicorns like Squarespace to corporate card startup Ramp.

Wells Fargo’s private wealth head is leaving after less than two years in the role just as the bank’s ultra-wealthy unit was revamped

Wells Fargo’s private wealth head Julia Wellborn is leaving the firm, Insider has learned. Learn more here.

 JPMorgan CEO Jamie Dimon is lurking on Instagram under a fake username

Real estate data firm Cherre raises $50 million as everyone from landlords to investors is desperate to quantify post-pandemic building needs

Cherre’s latest funding comes as investors are looking to big data to guide them through changing office and home norms. Get the full rundown here.

JPMorgan just nabbed a Lyft engineering exec who also spent more than a decade at Google to head up tech at its corporate and investment bank

A frothy SPAC market and a damning article clued short seller Spruce Point Capital in on its newest target: bioplastics company Danimer

Citi shakes up its US credit and debt capital markets business and names investment grade loan veteran Carolyn Kee as chair

Deutsche Bank is letting its US investment banking interns choose whether they go back to the office or not this summer

Drew Goldman, Deutsche Bank’s global head of investment banking advisory and coverage, explains the bank’s decision to let interns pick if they want an in-person or virtual internship. Find out the details.

Odd lots:

An HSBC manager has vowed to stop putting up with ‘s*** at work’ after having a heart attack (Insider)

Credit Suisse Raises $2 Billion as CEO Cuts Hedge Fund Unit (Bloomberg)

MUFG Weighs Cutting Americas Office Space in Hybrid-Work Era (Bloomberg)

UBS Streamlines Wealth Mgmt Structure, Shuffles Execs (Financial Advisor IQ)

Nearly 400,000 users of a Turkish crypto exchange fear millions of dollars may be stolen after its CEO abruptly fled the country, reports say (Insider)

SmartRent is the latest real-estate technology startup to go public via a SPAC (Insider)

Wall Street’s Overlooked Minority Is Waiting to Be Heard (Bloomberg)

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