New tech-enabled alts platform Accrete launches with $800m

The buzziest word in private equity these days is democratization, but for one self-described social capitalist the idea of opening up direct investment in deals to the masses takes the concept to a whole new level.

Accrete Founder and CEO Ali Shekofti has been building the platform in beta with a select group of accredited investors who have already seen returns on closed investments. Initial opportunities have included Universal Music Group, Nerdwallet, Perfect Day, Mobile Premier League, Spotter and the Synergis Crypto Fund.

The platform and its affiliated entities currently have over $800 million . . .

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