Alternative investment technology provider Artivest has merged with Altegris, an alternative investment research and management firm.
The newly merged company will operate under the Artivest name, and will consist of a 100-person team. This new venture will be responsible for more than $3bn in client capital.
New York-based Artivest offers fund managers, wealth managers and independent advisors with an investment platform. Through the technology, users are able to automate KYC, simplify paperwork, deploy real-time analytics, automate client onboarding, manage subscriptions and investments, monitor portfolio performance and make investments, among others.
For fund managers, the company provides a dashboard which talks to the wholesaler’s CRM, enabling integration of private funds coverage into legacy long-only books of business. Its seasoned operations and client service teams also manage AML/KYC integration with fund admin, capital call and distribution processing.
Altegris is an investment research firm that helps to identify the best opportunities for clients. The firm provides environment analysis and portfolio management for financial professionals, financial institutions, family offices, and individual investors.
Artivest CEO and founder James Waldinger said, “This integration will create the solutions-driven marketplace our clients want. After we formed a commercial relationship with Altegris last year, we realized our strategic goals align and our value propositions are highly complementary. Altegris will expand our investment, operations, and distribution capabilities, immediately amplifying the power of our technology—and vice versa.”
As part of the transaction, Waldinger will continue to serve as the company’s CEO, while Altegris executive chairman and CEO will serve as the executive chairman of Artivest. Altegris founder and CIO Matt Osborne will continue in this position, where he will oversee investment research and management.
Thiel Capital, which is one of the investors in to Aerivest, will now take a seat on the copmany’s board.
Altivest raised a $15m Series A funding round led by KKR in 2015. Other participants to the round included RRE Ventures, Peter Thiel, Nyca Partners, Anthemis Group and FinTech Collective.
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