ATA RiskStation nabs funding from newly founded PE firm Caruth

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Portfolio risk analytics platform ATA RiskStation LLC has picked up an undisclosed investment from private equity firm Caruth Capital Partners.

Dallas-headquartered ATA is a portfolio risk analytics platform that supports investment managers, advisors, broker dealers, wealth managers and institutional investors with overseeing daily risk. Through its multi-parameter and multi-time approach, the platform delivers automated, structured and customisable daily risk oversight.

This equity injection will be used to accelerate the company’s growth strategy by making its network of relationships available across the US and internationally.

ATA founder and CEO Aladin Abughazaleh said, “The timing of the transaction with Caruth could not be any better. Broker Dealers and RIAs are trying to differentiate themselves in a highly competitive environment – including against emerging Robo advisor options. Advisors are trying to coach investors who are nervous about both rising rates and a very old bull market that has recently turned more volatile.”

Caruth Capital is a private equity firm that was co-founded in 2017 by Ben deTar Wilhite and Tim Wegener. Prior to Caruth, Wegener served as a managing director for Thrivent Financial and its private equity investments unit. Wilhite has also served within the equity investment space, having served in a range of positions at SunTx Capital Partners.

The firm looks to acquire stakes in lower-middle market businesses and partners with the management team to support growth and improve operations.

Last year, investment risk management company Institutional Cash Distributors closed an undisclosed funding from Parthenon Capital Partners. The US-based company offers clients exposure analytics and end-to-end solutions to support their portfolios.

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