Curated online platform for alternative investments Artivest announced a major new partnership today. The firm has been selected by institutional investment manager LaSalle to help it enter the retail market for privately-held value-added real estate investment programs via a closed end fund.
“We are delighted to find a compelling platform to seamlessly connect financial advisors and qualified high net worth investors to our flagship, U.S. value-add investment strategy,” Jason Kern, CEO of the Americas at LaSalle Investment Management, said.
One of the largest real estate investment managers in the world with $65 billion in assets under management, LaSalle will leverage Artivest’s Open Network to make its offerings available for investment by advisors and qualified purchasers. In an investment environment increasingly characterized by passive management and low-fee ETFs, LaSalle sees Artivest as a partner to help it meet investor demand for alternative solutions that can provide outperformance.
Artivest combines expert insights, extensive due diligence, and a streamlined investor experience to improve the process of finding, evaluating, and investing in leading private funds for advisors and fund managers. The solution reduces the complexity of private fund investing, helping clients save time and more readily identify opportunities that are most compatible with their investment goals.
“Our platform brings together data-driven insights, proprietary technology, and robust diligence expertise to deliver a simplified, efficient experience and remove the barriers that have traditionally stood in the way of advisors and investors seeking access to alternatives,” Artivest founder and CEO James Waldinger said.
Artivest demonstrated its curated investment platform at FinovateSpring 2014. Headquartered in New York City and founded in 2012, the company completed a merger with alternative investment manager Altegris last summer that made the company one of the biggest independent alternative investment solution providers in the world.
Earlier this year, Artivest announced that was expanding its services to include both product structuring and fund distribution solutions for asset and wealth managers. Back in December, Chicago-based Northern Trust added private market capabilities to its ArcLine Alternatives platform for its wealth management customers courtesy of a partnership with Artivest.
With more than $17 million in funding, Artivest includes 500 Startups, RRE Ventures, Founders Fund, Kohlberg Kravis Roberts, and Signatures Capital among its investors.
This post is part of our live coverage of FinovateSpring 2014.
Our next presenter is Artivest, presenting its online investing platform and Artivest Access funds.
“Artivest’s platform streamlines the process of investing in a private investment fund. Our online platform features a series of Artivest Access funds, which allow our members to invest in leading private funds with low minimums and transparent reasonable fees.
The Artivest team conducts extensive selection and due diligence processes, presenting only those funds that we believe to be truly exceptional. While the traditional process for investing in a private fund required days of travel and mountains of documents, the Artivest platform allows investors to access, evaluate and invest in a fund entirely online.
Once an investor has decided to commit to a particular fund, our online investment flow guides them through a seamless submission process. What’s more, we help fund managers engage more efficiently and effectively with sophisticated investors in our online community.”
Presenting: James Waldinger (CEO) and David Levine (CIO)
Product Launch: Privately launched: January 2014
Metrics: $3.4 million raised; 11 employees
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)