Savvy Wealth is giving its advisors a route into venture capital and growth equity funds that have mostly been off-limits to all but the largest investors.
The New York-based, AI-native registered investment advisor said Thursday it has launched a proprietary private markets program for advisors on its platform. Advisors can place clients who meet the qualified-purchaser standard into a roster of pre-IPO venture and growth managers through one commitment, rather than subscribing fund by fund.
The program is built across multiple vintages, so Savvy can open new tranches over time and clients can build exposure gradually instead of betting on a single year’s deals. After the initial venture and growth focus, later vintages are expected to add private equity, income-oriented strategies and infrastructure.
Savvy developed the program with Allocate, a private markets technology platform that currently reports $5.8 billion on platform and more than 400 advisory firms as clients. The two will work together on manager selection and portfolio construction, with Savvy’s investment team overseeing due diligence. Clients receive a single subscription process plus consolidated reporting and tax documents that sit alongside their other holdings on Savvy’s platform.
Earlier this year, Dynasty Financial Partners expanded its partnership with Allocate to offer white-label private market access to its network of independent RIAs.
“The best opportunities in private markets have historically been reserved for institutions and the ultra-wealthy,” said Anshul Sharma, Savvy’s chief investment officer. “Clients read about private companies valued in the tens of billions that they’ve never had a chance to own, and they’re asking their advisors about it. This program lets our advisors deliver that access, with rigorous manager selection and due diligence built in.”
Savvy’s case rests on companies staying private longer, which pushes more growth into the years before an IPO. Citing Apollo's chief economist, the firm said private companies now outnumber public ones among US businesses with more than $100 million in revenue.
The eligibility bar is high. Under the Investment Company Act of 1940, an individual generally needs at least $5 million in investments to count as a qualified purchaser, a stricter test than accredited-investor status.
Read more: SEC floats CFP route to accredited investor status, fund rules refresh amid private market push
Advisor sentiment is moving Savvy’s way. In Blackstone’s Autumn 2026 Advisor Pulse survey, conducted from July through September, half of advisors across the US, Europe, the Middle East, Africa and Asia-Pacific said they now use private markets as a core allocation rather than a tactical one. Most said clients were already invested and adding to positions, with diversification from public equities and long-term capital appreciation the main reasons for using private market exposure.
The launch extends what's been a frantic run of expansion for Savvy in the past few months. In September, it closed a $100 million Series C round led by Halo Fund, valuing the firm at $600 million and lifting total funding past $200 million.
“The amount of product and services that we wanted to continue building and integrating into our AI platform, that list continues to grow,” Savvy founder Ritik Malhotra told InvestmentNews at the time. “We've really doubled down and started to build specific custom AI agents that can help do things that advisors may have either spent time doing or have hired [for].”
Two weeks later, Savvy opened its custodial platform to outside RIAs, pitching account openings in as little as 90 seconds. The firm reported $9 billion in client assets and more than 150 advisors at the time.
Founded in 2021, Savvy drew industry notice in 2023 with the launch of Savvy Wealth's integrated AI platform that automated onboarding, portfolio recommendations and financial planning for advisors serving high-net-worth clients.
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