New Capital, Including Investment from Franklin
Templeton, to Accelerate the Digitization of Alternative
Investments Access, Education, and Execution
Executives of Apollo and Motive Partners Join
Fintech Pioneer CAIS Board of Directors
CAIS, the leading alternative investment platform, today
announced a $225 million round of funding led by Apollo (NYSE: APO)
and Motive Partners ("Motive"), with additional investment from
Franklin Templeton (NYSE: BEN), which values CAIS at more than $1
billion. This new investment follows a previous investment by
Eldridge and accelerates CAIS’s mission to modernize how financial
advisors access alternative investments. Blythe Masters, Founding
Partner of Motive, and Andrew Gosden, Managing Director in
Financial Services & Strategy at Apollo, will join CAIS’s board
of directors.
“We are honored to have Apollo, Motive, and Franklin Templeton
as our new shareholders and partners,” said Matt Brown, Founder and
CEO of CAIS. “This investment advances the critical role CAIS plays
in revolutionizing how the alternative investment and wealth
management communities engage, learn, and transact.”
Alternative assets are expected to make up to 24% of the global
investable market by 2025, according to the Chartered Alternative
Investment Analyst Association, up from 12% in 2018. CAIS has
doubled its headcount in the last year to meet demand, as
transaction volume has increased by 65 percent year-over-year with
the number of platform users increasing by 60 percent. Building on
that momentum, CAIS will use the proceeds of this financing round
to fuel further advancements in technology, enhance the customer
experience, invest in the digitization of product operations and
processes, and explore strategic opportunities.
“We are excited to invest in CAIS, one of the fintech leaders
transforming alternative investment access for wealth management.
At Apollo, we want more individuals to access alternative
strategies and companies like CAIS help to bridge the gap between
asset managers and advisors through their growing platform. We
believe this latest funding round will support the Company’s
continued growth and success,” said Marc Rowan, Co-Founder and CEO
of Apollo.
“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,” said Blythe Masters,
Founding Partner at Motive.
CAIS serves the independent wealth management community, which
has been historically under-allocated to alternatives when compared
with large national broker-dealers or institutional investors,
whether due to complexity, higher minimums, and fees, need for
education, or other barriers to entry. As the first truly open
marketplace for alternative investments, where financial advisors
and asset managers can engage and transact at scale, CAIS seeks to
remove these barriers, enabling advisors to enhance outcomes for
their investors and providing managers with centralized access to a
highly fragmented wealth management community.
“We believe that individual investors should have access to the
same alternative investment solutions as large institutions, and
CAIS is doing just that through its innovative and user-friendly
platform,” said Jenny Johnson, President and CEO of Franklin
Templeton. “CAIS shares our goal of making it easier for advisors
and individual investors to diversify into alternatives to meet
their investment objectives.”
Financial Technology Partners served as financial advisor to
CAIS on the transaction.
About CAIS CAIS is the leading alternative investment
platform for financial advisors who seek improved access to, and
education about, alternative investment funds and products. CAIS
provides financial advisors with a broad selection of alternative
investment strategies, including hedge funds, private equity,
private credit, real estate, digital assets, and structured notes,
allowing them to capitalize on opportunities and/or withstand
ever-changing markets. CAIS also provides an industry-leading
learning system, CAIS IQ, to help advisors learn faster, remember
longer, and improve client outcomes.
All funds listed on CAIS undergo Mercer’s independent due
diligence and ongoing monitoring. Mercer diligence reports and fund
ratings are available to advisors on the CAIS password-protected
platform. CAIS streamlines the end-to-end transaction process
through digital subscriptions and integrated reporting with
Fidelity, Schwab, and Pershing, which make investing in
alternatives simple.
Founded in 2009, CAIS, a fintech leader, is empowering over
4,400+ unique advisor firms/teams who oversee more than $2T+ in
network assets. Since inception, CAIS has facilitated over $13.8B+
in transaction volume as the first truly open marketplace where
financial advisors and asset managers engage and transact directly
on a massive scale. CAIS has offices in New York, Los Angeles,
Austin, and San Francisco.
Securities offered through CAIS Capital LLC, member FINRA,
SIPC.
About Apollo Apollo is a global, high-growth alternative
asset manager. In our asset management business, we seek to provide
our clients excess return at every point along the risk-reward
spectrum from investment grade to private equity with a focus on
three business strategies: yield, hybrid, and equity. For more than
three decades, our investing expertise across our fully integrated
platform has served the financial return needs of our clients and
provided businesses with innovative capital solutions for growth.
Through Athene, our retirement services business, we specialize in
helping clients achieve financial security by providing a suite of
retirement savings products and acting as a solutions provider to
institutions. Our patient, creative, and knowledgeable approach to
investing aligns our clients, businesses we invest in, our
employees, and the communities we impact, to expand opportunity and
achieve positive outcomes. As of September 30, 2021, Apollo had
approximately $481 billion of assets under management. To learn
more, please visit www.apollo.com.
About Motive Partners Motive Partners is a specialist
private equity firm with offices in New York City and London,
focusing on growth equity and buyout investments in software and
information services companies based in North America and Europe
and serving five primary subsectors: Banking & Payments,
Capital Markets, Data & Analytics, Investment Management and
Insurance. Motive Partners brings differentiated expertise,
connectivity and capabilities to create long-term value in
financial technology companies. More information on Motive Partners
can be found at www.motivepartners.com.
About Franklin Templeton Franklin Resources, Inc.
(NYSE:BEN) is a global investment management organization with
subsidiaries operating as Franklin Templeton and serving clients in
over 165 countries. Franklin Templeton’s mission is to help clients
achieve better outcomes through investment management expertise,
wealth management and technology solutions. Through its specialist
investment managers, the Company brings extensive capabilities in
equity, fixed income, multi-asset solutions and alternatives. With
offices in more than 30 countries and approximately 1,300
investment professionals, the California-based company has over 70
years of investment experience and over $1.5 trillion in assets
under management as of November 30, 2021. For more information,
please visit franklinresources.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220111005397/en/
Media For CAIS: Nadia Damouni Pro-CAISPR@Prosek.com
For Apollo: Joanna Rose, Global Head of Corporate Communications
Communications@apollo.com Noah Gunn, Global Head of Investor
Relations IR@apollo.com
For Motive Partners: Sam Tidswell-Norrish Investor Relations
sam@motivepartners.com
For Franklin Templeton: Matthew Walsh
matthew.walsh@franklintempleton.com
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