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DRW
DRW FINANCIAL is an SEC-registered investment adviser with approximately $62 million in regulatory assets under management. The firm has 1 employee and 1...
DRW
DRW FINANCIAL is an SEC-registered investment adviser with approximately $62 million in regulatory assets under management. The firm has 1 employee and 1 investment adviser. It operates with a small team.
General information
Firm type
Asset Manager
Year founded
1992
Location
Region
North America
Country
United States
City
Chicago
Corporate office
Chicago, IL, United States
Principals
Don Wilson
Founder and Chief Executive Officer
Sector focus
Frequently asked questions
Who runs investment decisions at DRW?
Don Wilson, the founder and CEO, oversees the firm's overall strategy. Each trading desk and business unit functions semi-autonomously with its own risk management and execution teams.
How does DRW source proprietary deal flow?
DRW leverages its trading and market-making operations to identify opportunities in private markets, particularly in fintech, energy, and infrastructure. Its venture arm, DRW Venture Capital, sources through industry relationships and portfolio company referrals.
Is DRW structured as a family office or a proprietary trading firm?
DRW is a privately held asset manager, not a family office. It operates as an SEC-registered investment adviser with multiple divisions: principal trading, asset management, venture capital, and market-making via Cumberland.
Does DRW participate in fund commitments or only direct deals?
DRW invests both directly and through partnerships. Its private credit unit originates direct loans, while DRW Venture Capital makes direct equity investments. The firm also commits capital to external private equity and hedge fund vehicles.
What investment stages does DRW typically target?
DRW's venture arm invests across early and growth stages, with a focus on fintech, cybersecurity, and enterprise software (per public record). The private credit unit targets mid-market direct lending. The trading desks cover liquid and illiquid strategies globally.
What is Cumberland and how does it relate to DRW?
Cumberland is DRW's OTC cryptocurrency liquidity provider, established in 2014. It operates as a separate brand but is owned by DRW and shares its trading infrastructure.
Where does the underlying wealth supporting DRW come from?
DRW is funded by Don Wilson's personal capital and retained earnings from trading. The firm does not have external LPs in its principal trading operations, though its asset management unit manages third-party capital.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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