iAltA launches platform to ‘modernise’ private markets with $20m funding
Private markets infrastructure firm iAltA Holdings has launched today with a new platform, backed by $20m (£15m) funding, to ‘modernise’ private markets.
The platform, iAltA Private Markets, will ‘streamline workflows’ and ’empower market participants with actionable insights to manage their investments’, the firm said.
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The founding team members include Scott Ganeles as chief executive, Bill Sherman as president, and Laurence A. Tosi as board member, each bringing more than three decades of experience of building and scaling companies in private markets.
The platform will aim to execute seamless transactions and cash movements, engage with investors efficiently, streamline fund operations, and make decisions driven by data.
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“The alternative asset class is facing the growing pains we’ve seen before: inefficiencies and missed opportunities due to outdated infrastructure,” said Ganeles.
“We have developed a distinctive model, combining operational expertise, entrepreneurial agility and investment acumen, in a pursuit of transformational change that moves the entire industry forward.”
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