Startup alternative asset platform Artivest looking to the future
Artivest, a technology-driven investment platform, is heading in to the New Year year having passed a number of important milestones in 2015, including launching several new alternative asset funds, continuing to grow its user base of major independent advisors, providing customised white-labeled solutions for an expanding base of clients, and more than doubling the size of its staff.
Artivest’s accelerated business growth is indicative of the increasing demand among investors for access to institutional-quality alternative funds.
Having closed on a diverse array of top tier private equity and venture capital access funds since its 2013 launch, Artivest has unveiled plans to add hedge funds to the platform in 2016. The company believes that the growing fund offerings reflect not only the appetite among high-net-worth individuals and their financial advisors for more alternative asset options; but also the success of the Artivest platform in enabling established investment managers to expand access to their products to a wider audience of suitable investors. Additionally, the company continues to integrate its industry-leading technology with an expanding base of financial services firms, from leading private banks to the largest multi-asset management groups seeking to make their institutional product line available to their wealth management clients.
Artivest will soon surpass 30 staff members. In addition to expanding its investor relations, diligence, and technology teams this year, Artivest has made significant senior appointments to its executive management team, including on the legal, regulatory, and compliance front, with the hiring of Cynthia Mullock as its General Counsel and Brendan McLaughlin as Compliance Director and Counsel. Mullock, previously an attorney at Sullivan & Cromwell LLP and Deutsche Bank's Private Wealth Management division, was most recently a founding partner and General Counsel of the independent wealth management firm Snowden Lane Partners, where she continues to serve on the advisory board. McLaughlin, who began his legal career at Sidley Austin LLP, joined Artivest from Merrill Lynch Alternative Investments where, as Head of Business Governance, he supervised the regulatory, legal, risk and compliance initiatives for the firm's asset manager and broker dealer. Artivest's fund operations team is now led by Steven Gargano, CPA. Gargano joined Artivest from US Bancorp, where, as Senior Managing Director, he led Product Development for the firm's USD100 billion alternative investment services platform, following a decade as a Managing Director at the Mariner Investment Group.
“On a daily basis, investors and the industry alike are gaining greater awareness of the massive opportunities for financial technology to match new capital with top-tier alternative funds,” says James Waldinger, CEO of Artivest, which in May raised USD15 million in Series A funding led by Kohlberg Kravis & Roberts (KKR) with participation from RRE Ventures, Peter Thiel, Nyca Partners, FinTech Collective and Anthemis Group. “Our 2015 successes are just the beginning. Parties on both sides of our platform are now benefiting from tangible solutions to obstacles previously faced. Heading into the new year, we couldn't be more excited that Artivest is helping to change the way people invest in and manage alternative funds.”