CAIS Group

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Capital Integration Systems LLC
CAIS
Company typePrivate
IndustryFinancial services
Founded2009; 15 years ago (2009)
FounderMatt Brown
HeadquartersNew York City, U.S.
Key people
Matt Brown (Chairman & CEO)
Products
Websitecaisgroup.com

Capital Integration Systems LLC (doing business as CAIS) is an American fintech company that provides platform solutions related to alternative investments in the private markets.

Background

CAIS was founded in 2009 by Matt Brown who previously worked in the wealth management industry. The company started out offering financial advisers access to hedge funds for minimum commitments as low as $100,000 each.[1][2] Early investment managers that CAIS offered access to included Paulson & Co., Third Point and Goldman Sachs' Commodity Opportunities Fund.[3]

In February 2012, CAIS partnered with Mercer to offer independent and smaller wealth advisers operational support.[4] In June 2015, CAIS enlisted Mercer's services to help it perform due diligence services as well as providing market intelligence.[2]

In November 2019, it was reported CAIS hired Andrew Smith Lewis, co-founder of Cerego to be its chief innovation officer. He would oversee the development of the CAIS IQ learning system which would help educate registered investment advisors on alternative investments.[5]

In June 2024, it was reported that CAIS was cutting fees to as low as 0.05% for feeder funds that direct investors to alternative assets. It aimed to set a new industry standard that lowers fees and makes them more transparent, as part of an effort to "truly democratize alternative investments".[6]

CAIS offers platforms that gives financial access to a broad selection of investment strategies in alternative investments.[1] CAIS partners with wealth advisers such as Fidelity Investments, Hightower Advisors, Focus Financial Partners and William Blair & Company. It has worked with the largest hedge funds to offering their products through its platform.[2]

Companies that have invested in CAIS include Apollo Global Management, Franklin Templeton Investments and Eldridge Industries.[1] In April 2022, CAIS reached unicorn status with a valuation of $1.1 billion[7]

References

  1. ^ a b c Gottfried, Miriam (January 11, 2022). "Apollo Leads $225 Million Investment in Alternatives Platform CAIS". Wall Street Journal.
  2. ^ a b c Kreutzer, Laura (June 18, 2015). "CAIS Taps Mercer for Help in Adding PE to Offerings for Wealth Managers". Wall Street Journal.
  3. ^ Wachtel, Katya (March 16, 2012). "When it comes to its hedge funds, Goldman is on the CAIS". Reuters.
  4. ^ Coyle, Thomas (February 28, 2012). "Firm Makes Alternatives Easier to Handle". Wall Street Journal.
  5. ^ Thrasher, Michael (November 5, 2019). "CAIS Hired an Education Whiz to Help Advisors 'Master' Alternative Investments". Institutional Investor. Retrieved July 20, 2024.
  6. ^ Basak, Sonali (June 20, 2024). "CAIS Cuts Fees, Seeking to 'Democratize' Alternative Investments". Bloomberg News. Retrieved July 20, 2024.
  7. ^ Beltran, Luisa. "CAIS Snags $1.1 Billion Valuation With Reverence Investment". www.barrons.com. Retrieved July 20, 2024.
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