Veteran First Republic Team Launches General Catalyst Wealth Platform

Cambridge, MA-based global venture investment firm General Catalyst has launched a wealth management business, GC Wealth, with a team of more than 20 and boasting $2.3B in assets under management.

GC Wealth is an independent, full-service firm that aims to provide management services to high-net-worth businesses, individuals, and families within the firm’s network and beyond. In a statement, General Catalyst said that GC Wealth's position within the technology ecosystem allows it to provide clients with specialized support, foster responsible collaboration, and create unique experiences that connect them to the global forces driving future change. The firm said it will seek to support founders, entrepreneurs, and other high-potential individuals.

Private wealth veteran Dave Breslin, who joined General Catalyst in May 2023 after over seven years with First Republic, will lead the team. Prior to First Republic, Breslin was with Merrill Lynch for nearly 15 years, and his team will bring extensive experience from First Republic, GC Wealth said.