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Altegris, Artivest to create marketplace for alternative investing.

BANKING AND CREDIT NEWS-February 13, 2018-Altegris, Artivest to create marketplace for alternative investing

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Altegris, an alternative investment research and management firm, and Artivest, an alternative investment technology firm, has announced that they plan to merge under the name Artivest, pending customary corporate and regulatory conditions to closing, the company said.

The joint 100-person team will service over USD 3 billion in client capital--immediately becoming the largest independent alternative investment technology and solutions firm for wealth managers, fund managers, and independent advisors.

The combination will accelerate the work of both companies to provide individuals and institutions of all sizes efficient access to alternative investments. In October 2017, a PwC industry report forecast that alternative investments will surpass USD 21 trillion in assets by 2025--more than doubling in size in eight years--and reaching 15% of all global assets under management.

Waldinger will serve as CEO and Beaulieu as Executive Chairman of the firm. Osborne will continue as CIO overseeing investment research and management, including oversight of the Altegris family of funds, which will retain the Altegris name.

The combination of the two organizations has wide support from the firms' backers. "This merger scales up a great team to serve an even broader range of investors while it preserves the benefits of independent ownership," said Peter Thiel, Artivest's earliest angel investor. Thiel Capital will now take a seat on the company's Board. A renowned venture capitalist and founder of PayPal and Palantir, Thiel was famously Facebook's first outside investor.

With offices in New York and San Diego, Artivest will remain privately held by employees and outside investors, led by Aquiline Capital Partners, Genstar Capital, KKR, and Thiel Capital.

Artivest offers technology-driven investment platforms for fund managers, wealth managers, and independent advisors. The platforms connect suitable investors with private equity and hedge funds. Artivest's technological, financial, and operational expertise powers a seamless experience for investors and a scalable point of access for financial advisors and fund managers. Artivest's solutions are made possible by its affiliated Artivest Brokerage, LLC, a FINRA-registered broker-dealer. For more information, visit Artivest.co.

Altegris is an investment research firm, with deep expertise in alternative manager selection, structuring unique solutions, and providing portfolio management and oversight. Beginning with an analysis of the current and anticipated investment environment, our investment solutions are based on themes that we believe solve the most important client needs. For more information about the Altegris family of alternative investment strategies, visit Altegris.com.

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Publication:M2 Banking & Credit News (BCN)
Date:Feb 13, 2018
Words:425
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