CAIS scores $170M Series D from Vista Equity, RBC, and others. VanEck teams with Allocate for wealth-focused private markets. Arch's platform assets surpass $500B.
CAIS, the platform connecting independent wealth advisors to alternative investments, raised $170 million in a Series D round that values the company at more than $2 billion. The round brings total capital raised to nearly $600 million.
Lead investor Vista Equity Partners participated alongside AllianceBernstein, funds managed by Blue Owl Capital, Carlyle, Fortress Investment Group, Golub Capital, Lord Abbett, and Royal Bank of Canada. Three-year organic revenue compound annual growth hit 37%.
“When strategic investors of this caliber back CAIS, it reflects their conviction in both the market opportunity and category leadership,” CAIS founder and CEO Matt Brown said in a statement. “Together with the independent wealth community, we have built the platform technology and client service model this industry deserves, and our biggest chapter is still ahead.”
David Breach, president of Vista Equity Partners, will join CAIS’s board. Representatives from Blue Owl, Lord Abbett, Fortress and Carlyle will serve as board observers. FT Partners served as exclusive financial advisor; Sidley Austin LLP acted as legal counsel.
VanEck, best known for its ETFs, signed on with private markets platform Allocate. The deal lets VanEck bring private markets strategies to the wealth channel using Allocate’s infrastructure. VanEck retains full control of its strategy, product and investor relationships. Allocate provides the underlying technology and operations.
VanEck already offers a handful of institutionally focused private-markets products and an ETF, the VanEck Alternative Asset Manager ETF, that invests in publicly traded alternative asset managers.
“Private markets represent one of the most significant opportunities for investors, but they demand a different approach than traditional institutional distribution,” CEO Jan van Eck said in a statement. “Allocate’s technology enabled us to bring our first wealth-focused private markets offering within a matter of weeks. Their solution also integrates with our largest advisory firm clients, which is a ‘must have’ these days.”
Arch, the platform for private market diligence and data, revealed previously undisclosed investors from its $52 million Series B round, announced last September. New backers include MUFG Innovation Partners, Franklin Templeton and Anton Levy of Layer Global. They join existing investors Oak HC/FT, Menlo Ventures, Craft Ventures and Quiet Capital.
Arch said platform assets topped $500 billion, totaling $539 billion and doubling over the past year.
“Crossing $500 billion in assets on our platform is a reflection of how many of the industry’s most sophisticated allocators are turning to Arch to solve that problem,” co-founder and CEO Ryan Eisenman said in a statement. “MUFG Innovation Partners, Franklin Templeton and Anton Levy give us partners with the scale, expertise and institutional relationships to match the appetite for better diligence and insights these investments require.”
Capital from the round supports product development, data and AI infrastructure, and go-to-market expansion. That includes building CIO tools, enhancing the client portal, and strengthening pipelines that turn fragmented private-markets data into usable intelligence. Chief technology officer Keith Soura, recently hired, will lead the engineering and AI efforts.
Royal Bank of Canada, which holds an Alpha Score of 66 on AlphaScala, and MUFG, with a score of 57, are among the institutional investors involved in the roundup.
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