Altigo Surpasses $3B in Alts Transactions
May 11, 2023 | Heather Acey
Less than a year after hitting the $2 billion mark, Altigo has crossed $3 billion in alternative investments completed on the platform, a new milestone revealing enduring demand for transformative alts technology and amplified interest in alternatives as a way to weatherproof investor portfolios during turbulent economic times.
Since reaching $2 billion in June 2022, Altigo’s growth and adoption continued with alternative investment sponsors including CAI, CIM, Cottonwood, Hamilton Point, Hines and Livingston Street joining the platform as well as firms such as Alliance Global Partners, Newbridge, ProFi, and Realized Financial. With over 260 alternative investment offerings currently “live” and accepting investments on the platform, Altigo’s latest milestone represents more than 12,000 alts subscriptions since its debut in mid-2019.
Altigo’s success and high rate of adoption shows how straight-through processing technology for alternative investments is swiftly moving from something that firms consider “nice to have” to something they now need to stay in sync with the next generation of advisors’ and investors’ digital-first expectations. Altigo’s success is also due to the meaningful results it provides for users such as reduced NIGO (not-in-good-order) paperwork error rates, which can be as low as 4%.
Altigo streamlines investment processing and compliance by providing access to all firm-approved alts offerings in a single white-labeled portal. The platform also includes custom firm forms and custodian partners’ letters of investment authorization within the workflow. Altigo integrates with popular CRM and compliance and risk management tools as well.
“We look forward to Altigo setting a new standard of service for our affiliated registered representatives and advisors as well as for their supervision,” said Newbridge CTO Kurosh Golchubian. “The home office is prioritizing automation of our core capabilities to up our service game and to stay in sync with rising demand for digital-first solutions. Straight-through processing provides reduced regulatory risk and the satisfaction of knowing that submissions will be in good order the first time—giving our supervisors more time to supervise rather than micromanage paperwork.”
Today, Altigo supports a range of alternative investment offerings from more than 100 sponsors, including non-listed REITs, qualified opportunity zone funds, non-listed preferreds, interval funds, direct private placements, DSTs, private equity funds, and non-listed BDCs.
“Altigo’s continued growth demonstrates that firms and sponsors are still seeking digital solutions for their alts business to meet investor demand despite the recent market slowdown,” said Bill Robbins, CEO of Altigo. “We’re already seeing signs of a resurgence in the industry and will continue to provide our clients with solutions that make it easier for them to do business.”
