# DRW

DRW is an Asset Manager based in Chicago, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** Chicago, IL, United States
- **Founded:** 1992
- **Assets under management:** Undisclosed
- **Website:** drw.com
- **LinkedIn:** https://www.linkedin.com/company/david-wattenbarger-cfp%c2%ae-1a272b44

## Regulatory record

- **CRD number:** 166271
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/166271

## About

DRW FINANCIAL is a state-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.

## Sectors

- FinTech
- Enterprise Software
- AI/ML
- Cybersecurity
- Industrial Tech
- Private Credit
- Energy Transition & Renewables

## People

- Don Wilson — Founder and Chief Executive Officer

## 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.

### 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 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.

## Related profiles

- [Pioneer Advisory](https://altss.com/profile/pioneer-advisory)
- [Ashton Thomas Securities](https://altss.com/profile/ashton-thomas-securities-llc)

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Last updated: 2026-06-03T20:00:00.000Z

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