ETF Investment and Technology Platform Tidal Financial Group Raises $32 Million Growth Equity Investment from FTV Capital
06 Oktober 2022 - 1:30PM
Tidal Financial Group, a leading all-in-one ETF investment and
technology platform facilitating the creation, operation, and
growth of ETFs for third parties, today announced a $32 million
growth equity investment led by FTV Capital, a sector-focused
growth equity investor with more than two decades of experience in
financial services. The funding will enable Tidal to expand its
team, unify its current multi-brand offering, further digitize
client solutions and continue to deliver best-in-class services to
new and existing ETF issuers.
Tidal Financial Group is the new unified name for multiple
ETF-related brands including Toroso Investments, Tidal ETF Services
and Toroso Asset Management. “As a catalyst and facilitator of ETF
growth, our goal is to continue to enhance Tidal’s platform and
services to better support our customers as they bring exciting
ETFs and other financial products to market,” stated Guillermo
Trias, Co-Founder and CEO of the Tidal Financial Group. “With its
decades-long track record of investing behind proven market leaders
across the ETF industry, FTV is the ideal partner to help us scale
and take Tidal to the next level. We are confident that this
investment from FTV Capital, together with our highly talented
team, and proprietary solutions, will position us well for the
coming years, as we continue to be a highly trusted name in the ETF
space.”
ETFs are quickly becoming one of the most important investment
vehicles, with assets in ETFs positioned to climb to $20 trillion
by 2026, according to PWC. Both institutional and retail investors
alike are attracted to ETF characteristics like low minimum
investment amounts, intraday liquidity, tax efficiency and low
fees.
Increasingly, new issuers are independent investment managers,
RIAs, financial advisors and even mutual fund or hedge fund managers
looking to optimize their businesses around the intrinsic benefits
of ETFs. This has led to a three-fold rise in white-label launches
over the last five years, for which Tidal is a market leader as it
provides both a white glove end-to-end solution and a-la-carte
services enabling the democratization of new ETF launches.
Tidal has identified the necessary conditions for ETF success and
built an infrastructure to seamlessly connect product to allocator.
Tidal works with asset and wealth managers, institutions and RIAs
to develop, launch and market private label ETFs, delivering custom
solutions that are quick, efficient and cost effective. Currently,
Tidal is the collaborative partner to more than 55 ETFs in the
United States, overseeing more than $6.5 billion in assets (as of
Aug 31, 2022).
“Since we met the Tidal founding team well over a decade ago,
they have continued to prove themselves as industry pioneers and
thought leaders, bringing tremendous experience and expertise to
the ETF ecosystem and empowering the next generation of a more
broad-based market of ETF issuers,” said Mike Vostrizansky,
principal at FTV Capital. “We share their vision of delivering a
holistic ETF solutions platform from front-office to a full suite of
operational infrastructure and look forward to working together to
fuel the future of ETF development on behalf of Tidal’s
customers.”
With this investment, Vostrizansky joined Tidal’s board of
directors.
About Tidal
Financial Group
The Tidal Financial Group is a leading ETF investment and
technology platform facilitating the creation, operation, and
growth of ETFs. Tidal combines expertise and innovative approaches
in the collaborative design of ETFs and other groundbreaking
financial products with its partners. As a holistic platform, Tidal
partners with the investment community to build ETFs that seek to
generate value. Tidal is the collaborative partner to over fifty-five
(55) leading ETFs overseeing $6.5bn+ in assets. Tidal has a 40+
team and offices in New York, Chicago, Milwaukee, and Detroit. Visit
www.tidalfinancialgroup.com to learn more.
About FTV
Capital
FTV Capital is a sector-focused growth equity investment firm
that has raised $6.2 billion to invest in high-growth companies
offering a range of innovative solutions in three sectors:
enterprise technology and services, financial services, and payments
and transaction processing. FTV’s experienced team leverages its
domain expertise and proven track record in each of these sectors
to help motivated management teams accelerate growth. FTV also
provides companies with access to its Global Partner Network®, a
group of the world’s leading enterprises and executives who have
helped FTV portfolio companies for two decades. Founded in 1998,
FTV Capital has invested in over 130 portfolio companies, including
Agiloft, Docupace, EBANX, Lean Solutions Group, LoanPro,
LogicSource, PlateIQ, True Potential and Vagaro, and successfully
exited/partially exited companies including Enfusion, Globant,
InvestCloud (recapitalized), MedSynergies (acquired by Optum),
RapidRatings (recapitalized), Strata Fund Solutions (acquired by
Alter Domus), VPay (acquired by Optum) and WorldFirst (acquired by
Ant Financial). FTV has offices in San Francisco, New York and
Connecticut. For more information, please visit www.ftvcapital.com
and follow the firm on LinkedIn.
Disclosures
Tidal Financial Group is the brand name for Toroso Investments,
LLC and its subsidiary Tidal ETF Services LLC This press release
should not form the basis of and should not be relied upon in
connection with an investment service or product. This press
release should not be construed as an offer of any investment
service or product. Any offer to sell or purchase interest in any
investment service or product will be made solely pursuant to an
investment management agreement, prospectus, and other fund related
offering documents, and regulatory disclosures. Investors should
consider the investment objectives, risks, charges and expenses of
any investment service and product before investing. There is no
guarantee that the investment objective will be achieved. Past
performance is not an indicator of future results. All investing
involves risk, including the possible loss of all principal
invested and any returns thereon.
The statements contained herein may include prospects,
statements of future expectations and other forward-looking
statements that are based on management's current views and
assumptions and involve known and unknown risks and uncertainties.
Actual results, performance or events may differ materially from
those expressed or implied in such forward-looking statements. Any
forward-looking statements herein are made only as of the date of
this press release, and the company assumes no obligation to update
any information or forward-looking statement contained herein,
except as required to be disclosed by law.
Media Contacts
Gavin Filmore
Tidal Financial Group
contact@tidalfg.com
650-260-4345
Alexa Ottenstein
Prosek Partners on behalf of FTV Capital
pro-ftvcapital@prosek.com
646-818-9051
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