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January 12, 2022

Alternative investment platform CAIS secures $225m capital boost

By Johney Amala

Alternative investment platform CAIS has raised $225m in a funding round led by Apollo and Motive Partners.

It had additional investment from Franklin Templeton.

This funding round, which values CAIS at more than $1bn, follows an investment in the firm by Eldridge.

As part of the financing, Motive founding partner Blythe Masters and Apollo Financial Services and Strategy managing director Andrew Gosden will join CAIS’s board of directors.

CAIS founder and CEO Matt Brown said: “We are honoured to have Apollo, Motive, and Franklin Templeton as our new shareholders and partners.

“This investment advances the critical role CAIS plays in revolutionising how the alternative investment and wealth management communities engage, learn, and transact.”

CAIS will leverage the proceeds of the funding to further accelerate its technology development and improve customer experience.

The firm also plans to invest in the digitisation of product operations and processes and seek more strategic opportunities.

According to the Chartered Alternative Investment Analyst Association, alternative assets are estimated to account for 24% of the global investable market by 2025.

CAIS doubled its workforce in the last year to meet demand after its transaction volume jumped by 65% year-over-year following a 60% increase in the number of platform users.

Apollo co-founder and CEO Marc Rowan said: “We are excited to invest in CAIS, one of the fintech leaders transforming alternative investment access for wealth management.

“We believe this latest funding round will support the company’s continued growth and success.”

In October last year, CAIS and Digital Asset partnered to address inefficiencies at the convergence of wealth management and alternative investments.

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