CAIS, an alternative investment platform for independent financial advisors, has added alternative asset manager giant Blackstone to its marketplace.
“We are committed to providing independent advisors with access to leading alternative investment strategies from the industry's leading alternative asset managers,” CAIS founder and CEO Matt Brown said in a statement. “As the demand for alternative investment advisors accelerates, we are excited to welcome Blackstone, a firm that shares our vision in providing quality education and strategies to financial advisors everywhere.”
CAIS will list certain Blackstone strategies that have undergone appropriate third-party analysis by Mercer.
“We are pleased to partner with CAIS to introduce a number of Blackstone's strategies to their extensive network of independent advisors,” Todd Myers, senior managing director and chief operating officer of private wealth solutions at Blackstone, said in a statement. . “The growing number of advisors using private markets as a core portfolio allocation just need the kind of deep commitment that Blackstone and CAIS are making.”
The Black Stone was an early mover among alternative asset managers targeting the wealth channel. Her private equity fund Blackstone, a business development company and Blackstone REITIts unlisted REIT, both have been popular options among financial advisers exploring alternatives.
CAIS is among a growing number of online marketplaces and fintechs serving the alts segment. In 2022, she reached unicorn status with a valuation of $1 billion.