Alts platform CAIS reports more than $10bn in transaction volume

CAIS announced that it had surpassed $10 billion in transaction volume, with more than 3,200 unique advisor firms/teams that oversee more than $1.2 trillion in assets in actively using the platform for product access and education. Total transaction volume has increased by over 30% year-over-year, with over 350 unique advisor firms/teams accessing a broad universe of strategies, including private equity, private credit, real estate, hedge funds, and structured notes this year alone. The platform itself, founded in 2009, now lists more than 100 alternative investment funds and products and has received more than $10 billion in new capital from the RIA and broker-dealer channel. In the first half of the year, CAIS said it added 10 new fund strategies to the platform including opportunities in renewable and sustainable energy, infrastructure, distressed, direct lending, global macro and a new vintage-year private equity offering advised by Mercer. “Now more than ever, there is demand for alternative investments by financial advisors who seek to diversify risk and improve outcomes for their clients’ portfolios,” said Michael Froestner, global co-CIO of Mercer Private Markets. He added that many of Mercer’s highly rated managers and strategies are available on the CAIS platform. The CAIS structured notes offering has also expanded with record advisor-driven volumes leading to 85% year-over-year growth. “Structured notes have become an integral part of our client portfolios over the years, and the CAIS platform has been instrumental, from education and product creation, to client service and post-trade management,” said Dave Copeland, founder of Strategic Wealth Partners. Transaction volume announcement follows last year’s growth capital funding from a consortium of investors including Angelo Gordon, Canyon Partners, CIM Group, Crescent Capital and GoldenTree Asset Management. CAIS Founder and CEO Matt Brown said, “Despite the challenging market conditions, we achieved growth by adapting to the new normal and continuing to deliver real value to participants on both sides of our platform.” CAIS ended 2019 with a strong balance sheet and is well positioned for continued profitability and expansion in 2020, said Tim Shannon, CAIS president and chief financial officer. The firm’s focus on technology and virtual engagement during the pandemic has also been a driving force in the firm's current success, according to officials.

Alts platform CAIS reports more than $10bn in transaction volume

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