Business Wire: iAltA Holdings Launches with Initial Funding of $20M to Modernize Private Markets, Led by Proven Industry Builders and Backed by WestCap

The founding team – Laurence A. Tosi, Scott Ganeles and Bill Sherman – brings over three decades of experience building and scaling companies that set industry standards for private markets

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

NEW YORK--(BUSINESS WIRE)--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.

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.

Read the full press release from Business Wire here.