Alternative investments platform CAIS is enjoying a flood of financial support from outside investors that want a piece of a strategy uniquely suited for the current market environment.
The company announced Tuesday that private markets investment management firm Hamilton Lane will provide another infusion of outside capital, the fourth CAIS has received since November 2020.
Details weren't disclosed, but this latest round of funding values CAIS at approximately $1.1 billion, according to a company representative.
The Hamilton Lane funding was preceded by $50 million worth of Series B funding from Eldridge in November 2020.
In January, CAIS received a $225 million funding round led by Apollo and Motive Partners, with additional investment from Franklin Templeton. And in April, Reverence Partners made a $100 million investment in CAIS.
“We are thrilled to welcome another strong partner that shares our mission to level the playing field for RIAs, independent broker-dealers, aggregators, and custodians looking to allocate to alternative investments,” Matt Brown, founder and chief executive of CAIS, said in the statement.
“Hamilton Lane brings tremendous value to CAIS as a strategic partner that is well-versed across private markets investing and data-driven innovation,” Brown added.
The new capital is expected to help CAIS continue to modernize how independent advisers can access alternatives, while also connecting asset managers with the private wealth channel.
According to the announcement, CAIS will continue to develop its technology, grow its team, provide personalized learning for advisers, and automate back-end processes for both advisers and fund managers. Hamilton Lane plans to add some of its products to the CAIS platform.
“We are seeing significant macroeconomic tailwinds that highlight the urgency for improved access to alternative investments, especially for the independent wealth and noninstitutional channels,” said Erik Hirsch, vice chairman and head of strategic initiatives at Hamilton Lane.
U.S. seniors lose $28.3 billion annually as a result of financial exploitation, according to a 2023 AARP study.
Cornerstone Capital and Echo Wealth Management add about $1.7 billion as RIA M&A heads for a record year.
As Robinhood and Schwab roll out AI agents and assistants, a new survey finds advisors still edge out chatbots in terms of client trust.
See which platforms and providers earned 5-Star recognition this year
Meanwhile, a multigenerational Cambridge team has hopped to LPL in Michigan, and Cetera's run of Commonwealth recruitment continues in New Jersey.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
