Pair of private equity firms help CAIS earn its horn

Alternative investment platform CAIS has joined the unicorn club following a $225m investment round led by private equity firms Apollo and Motive Partners.

The deal, which also received support from Franklin Templeton, brings CAIS’ valuation to over $1bn.

In line with the deal, Motive founding partner Blythe Masters and Apollo managing director in financial services and strategy Andrew Gosden will join CAIS’ board of directors.

This fresh equity will enable CAIS to further its technological advancements, bolster the customer experience, invest into the digitalisation of product operations and explore strategic opportunities.

CAIS supports the independent wealth management community. Its open marketplace is designed so financial advisors and asset managers can engage and transact at scale. The goal is to remove barriers, such as complexity, higher minimums, and fees, need for education, and help advisors improve outcomes for their clients.

Over the past year, the company has doubled its headcount and experienced a 65% year-over-year increase in transaction volume.

Masters said, “CAIS has built a unique marketplace for alternatives through a commitment to excellent service and education. This investment will turbo-charge the technology transformation of the business towards a modular, flexible cloud-based architecture, which will modernize the way investors gain access to this asset class, allowing managers, investors, and their advisors to focus less on process and more on value-added interactions.”

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