Deals
Apollo-Backed CAIS Receives Growth Equity From Reverence Capital
- CEO Matt Brown says CAIS Capital valued at $1.1 billion
- CAIS is exploring options for tuck-in assets, Brown says
Matt Brown
Source: CAISThis article is for subscribers only.
CAIS Capital LLC, a tech platform for financial advisers and alternative asset managers, has received a growth investment of $100 million from middle-market private equity firm Reverence Capital Partners LP.
As part of the deal, Reverence Capital Managing Partner Milton Berlinski will join CAIS’s board of directors, according to a statement provided to Bloomberg News. The latest raise is a continuation of the New York-based company’s $225 million round in January, when the business received capital commitments from Apollo Global Management Inc., Motive Partners and Franklin Templeton.