Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Altegris Merges Into a Tech Ally Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, February 8, 2018

Altegris Merges Into a Tech Ally

Reported by Neil Anderson, Managing Editor

A liquid alternatives specialist in Southern California is merging into a Gotham technology firm that focuses on alternative investments.

James Waldinger
Artivest
CEO, Founder
Today Marty Beaulieu, Matt Osborne, and James Waldinger confirmed that San Diego-based Altegris is merging into New York City-based Artivest. The combined firm will have 100 people servicing more than $3 billion in assets, and the firm will maintain offices in both cities.

The combined firm will use the Artivest name, though Altegris' mutual funds will keep the Altegris name. Artivest will continue to be privately held by employees, by Aquiline Capital Partners and Genstar Capital (the private equity firms behind Altegris), and by KKR and Peter Thiel's Thiel Capital. (Thiel is Artivest's earliest angel investor.) Pricing and terms of the deal were not disclosed.

Waldinger, CEO and founder of Artivest, will continue to serve as CEO of the combined company. Beaulieu, executive chairman and CEO of Altegris, will become executive chairman of the combined firm. And Osborne, founder and chief investment officer of Altegris, will become chief investment officer of the combined firm.

Altegris and Artivest are already allies. Today's deal comes about six months after Altegris teamed up to, as Beaulieu described it at the time, "bring greater scale to qualified investors and their advisors who are looking to access investment solutions from many of the leading alternative investment managers in the industry." Altegris transitioned more than 20 different fund strategies and $1 billion of assets onto Artivest's digital platform as part of that partnership.

"Our strategic goals align and our value propositions are highly complementary," Waldinger states. "Altegris will expand our investment, operations, and distribution capabilities, immediately amplifying the power of our technology — and vice versa."

"We are making a long-term commitment to alternative investment innovation," Beaulieu states.

Thiel states that the deal "scales up a great team to serve an even broader range of investors."

Aquiline and Genstar spun Altegris out of Genworth in 2013. In 2016, MFWire reported that the PE firms put Altegris on the block and that Freeman & Co was the banker. Yet last year Beaulieu revealed that, after a strategic review, Aquiline and Genstar doubled down on their backing of Altegris. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use