Latest news with #fundManagement
Finextra
5 days ago
- Business
- Finextra
Juniper Square completes $130 million Series D
Juniper Square, the pioneer of connected fund software and services for private markets, today announced it closed its Series D round and secured $130 million in new funding led by Ribbit Capital, with significant strategic investment from Fifth Wall, and additional participation from Redpoint Ventures, HighSage Ventures, Blue Owl Capital and others. 0 Juniper Square will use the capital to accelerate investment in JunieAI—the first enterprise-grade AI built specifically for the needs of private markets GPs. JunieAI combines the power of modern large language models (LLMs) with critical enabling components—Juniper Square's fund system of record for GPs and LPs, a scaled data model, comprehensive workflows coupled with managed services, industry integrations, and robust measures for security, control, and permissioning—to help GPs move faster, work smarter, and operate more efficiently. Juniper Square announces $130 million Series D financing round and the launch of JunieAI As an agentic AI platform, JunieAI provides: Agents supporting the work of investor relations, fund administration, portfolio management, and investment decisions Model-agnostic orchestration across agents, tools, workflows, and systems Precision tools for the accuracy demands of accounting and reporting, fused with the ease of use and power of generative AI Secure, enterprise-grade permissioning and control Deep domain expertise in private markets AI workflows wrapped with full service solutions Unified structured and unstructured data—including from emails and documents Seamless integration with existing GP tools Fine-grained agent governance, empowering GPs to define how AI agents behave, respond, and defer across use cases "The private markets are undergoing a once-in-a-generation transformation driven by two tsunamis of change: the rise of the retail investor and the breakthrough potential of AI," says Alex Robinson, CEO and Co-Founder at Juniper Square. "Our mission is to equip GPs with the technology and services they need to thrive in this new era. With JunieAI, we're helping our customers stay ahead—turning disruption into opportunity across every facet of work inside of the modern GP." "Juniper Square is uniquely positioned to lead the private markets into the AI era," says Nick Shalek, General Partner at Ribbit Capital. "Few companies have the combination of enterprise-grade trust, enabling infrastructure, deep domain expertise, and structured data at scale that Juniper Square brings to bear. With JunieAI, they're harnessing these strengths to build AI solutions that are purpose-built for private markets—not just bolted on. We're thrilled to support Juniper Square as it sets the standard for how this industry will evolve." This fundraise follows a period of rapid growth for Juniper Square including >100% 3-year CAGR in its fund administration business, which today manages over 2,000 fund entities globally across an extensive range of strategies and complex fund structures. Growth has been especially strong in the private equity and venture capital verticals, which now represent four of the five largest customers by revenue. In May, Juniper Square expanded into Luxembourg, unlocking integrated fund administration and efficient cross-border operations for private markets GPs at a global scale. "Juniper Square stands out as a frontrunner to lead the private markets as the world moves toward an AI-driven future," says Jay Maher, Global Chief Operating Officer at H.I.G. Capital. "Juniper Square's focus on AI innovation will deliver transformative benefits across the industry—empowering organizations to better serve investors and drive long-term growth." Over the past decade, Juniper Square has built the connected infrastructure that powers private markets, helping make the industry more efficient, transparent, and accessible. With retail investors reshaping the landscape and the market on track to exceed $60 trillion within a decade, GPs need innovations like JunieAI to keep pace and capture new opportunities.
National Post
12-05-2025
- Business
- National Post
iAltA Holdings Launches with Initial Funding of $20M to Modernize Private Markets, Led by Proven Industry Builders and Backed by WestCap
Article content Acquisitions of Verivend and Betterfront will form the foundation of iAltA's first platform solution, iAltA Private Markets, to help GPs manage their fund lifecycle and effectively serve their LPs with better technology and transparency Article content NEW YORK — iAltA Holdings ('iAltA'), a private markets infrastructure company, announces its launch with an initial funding of $20 million led by WestCap, a strategic operating and investing firm with over $6 billion in assets under management. Incubated at WestCap, iAltA's mission is to build an innovative digital infrastructure that unifies private market systems. As part of this announcement, iAltA is also launching its first platform solution, iAltA Private Markets, to empower General Partners (GPs) to seamlessly execute transactions and cash movements, efficiently engage with investors, streamline fund operations and make data-driven decisions. Article content The explosive growth and complexity of alternative assets – expected to reach $24.5T in 2028 across private equity, real estate, private credit and beyond – has outpaced the technology systems needed to support investment managers and their investors. As a result, the market has become cluttered with point solutions and hindered by fragmented processes and limited transparency. With the launch of iAltA, the founding team is addressing the industry's need for comprehensive solutions that target the market's most pressing inefficiencies. The company plans to establish multiple subsidiaries by acquiring technology companies, retooling and integrating products, and accelerating innovation through strategic partnerships. Article content 'The alternative asset class is facing the growing pains we've seen before: inefficiencies and missed opportunities due to outdated infrastructure,' said Scott Ganeles, CEO at iAltA. '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.' Article content The founding team members each bring over three decades of hands-on experience building and scaling transformational companies in private markets that set industry standards. Laurence A. Tosi will serve as a board member, Scott Ganeles as CEO and Bill Sherman as President at iAltA. In 2001, Tosi spearheaded the launch of Ipreo, which was incubated out of Merrill Lynch after recognizing the need for a digital-first way to interact and transact with the public markets. He was joined by Ganeles as CEO and Sherman as EVP and Head of Data Strategy to grow Ipreo into a $1.9B business that was acquired by IHS Markit. In 2010, Tosi followed suit with the launch of iLEVEL, incubated out of Blackstone, transforming how fund managers view and manage their portfolios and risk in real time. Article content After reuniting at WestCap in 2018, Ganeles and Tosi saw that the alternative asset class is facing the same growing pains they've seen before. Together, with Sherman, they created iAltA, which carries forward the legacy of modernizing markets through thoughtful innovation — this time, with the bold ambition of reshaping the entire private market ecosystem. Article content 'Our formation and investment in iAltA follows in the footsteps of Ipreo and iLEVEL with the same proven formula for disruption and innovation: deep industry expertise, technology-driven solutions, and a vision to unify fragmented systems into one seamless digital ecosystem,' said Laurence A. Tosi, Managing Partner and Founder at WestCap. 'We're practitioners building for practitioners — collaborating with the industry to solve its challenges holistically and drive positive, lasting change to benefit all market stakeholders.' Article content As the foundation for its first platform, iAltA acquired two companies, Verivend and Betterfront. Verivend is a transaction ready investor portal, empowering GPs to seamlessly, raise, deploy and manage capital through its purpose-built payments technology, while providing LPs with a best in class, seamless investing experience. Betterfront is a fundraising platform dedicated to helping PE and VC fund managers attract and retain LPs using sophisticated track record analytics and technology solutions. The acquisitions combine each company's expertise with iAltA's broader mission, robust resources, and extensive team experience in the industry. Article content 'By joining forces with iAltA, we have the opportunity to scale our impact and bring even greater value to existing and new clients,' said Rodney Reisdorf, Co-Founder at Verivend who will now serve as iAltA's Executive Vice President. 'Together, we will address industry pain points more effectively while capitalizing on the increasing demand for unified fund management solutions.' Article content WestCap is actively leveraging the iAltA platform to digitally transact and market its funds – aiming to unlock a new level of transparency for LPs through real time financials, detailed position tracking, and portfolio company data and analytics. Beyond its role as an investor and client, WestCap has been a key product design and development partner, helping shape the platform's technology and identifying strategic synergies across its broader portfolio through its extensive network. WestCap Partner, Jaime Hildreth, will serve on the board. Prior to joining WestCap, she was Head of Strategy for Private Capital Markets at Ipreo, where she played a key role in the acquisition of iLEVEL, which she founded and developed with Tosi during their time at Blackstone. Article content As iAltA expands, the company aims to foster meaningful collaboration between its subsidiaries, enabling shared learning and resource optimization that will unlock the next generation of private market potential. Article content iAltA Holdings is a private markets infrastructure company. Founded by Laurence A. Tosi, Scott Ganeles and Bill Sherman, for comprehensive platform solutions that streamline workflows and empower market participants with actionable insights to manage their investments. The company is uniquely positioned to collaborate with industry leaders to drive meaningful solutions to private markets, including their first platform solution, iAltA Private Markets, for GPs to manage their fund lifecycle and effectively serve their LPs. For more information, please visit Article content Article content Article content Article content Article content
