CAIS Announces $100 Million Investment from Reverence Capital Partners

Milton Berlinski, Managing Partner, Joins CAIS’ Board of Directors

NEW YORK — CAIS, the leading alternative investment platform, today announced a $100 million investment from Reverence Capital Partners. The raise is a continuation of the Company’s $225 million round in January, led by Apollo, Motive Partners, and Franklin Templeton which resulted in CAIS’ enterprise valuation exceeding $1 billion. Milton Berlinski, Managing Partner at Reverence Capital Partners, also joins CAIS’ Board of Directors, effective immediately.

“Reverence Capital Partners has a long and successful track record as an investor in the independent wealth management community and understands the unique needs of both financial advisors and alternative asset managers,” said Matt Brown, Founder and CEO of CAIS. “We are excited to have Reverence join our distinguished list of investors and look forward to tapping into the extensive knowledge and network that Milton and his team will bring to CAIS moving forward.”

The new investment accelerates CAIS’ mission to modernize how independent financial advisors learn about and gain access to alternative investments. Similar to the capital originally raised in January, the new proceeds will fuel further advancements in CAIS’ technology, enhance the customer experience through personalized experiences, as well as digitize product operations for fund managers and financial advisors alike.

“Through our experience working with asset management, wealth management, and fintech businesses, we have seen firsthand the challenges associated with independent investing in alternative asset classes,” said Berlinski. “CAIS is an industry leader providing the resources and infrastructure needed to enhance access, education, execution, and reporting to these complex solutions. We are excited to build on our partnership with this management team as CAIS continues to scale.”

Alternative assets are expected to make up to 24% of the global investable market by 2025, according to the Chartered Alternative Investment Analyst Association, up from 12% in 2018. In the last year alone, transaction volume on the CAIS platform has increased by 69%, with the number of platform users increasing by 29% in the same period.

The news also follows CAIS’ launch of the CAIS Advisory Council (“CAC”), a standing committee comprised of seasoned and next-generation RIAs, independent broker dealers, RIA aggregators, and custodians who will help identify technical opportunities to expand the platform and provide ad-hoc guidance around issues impacting the alternative investment ecosystem.

About Reverence Capital Partners

Reverence Capital Partners is a private investment firm focused on thematic investing in leading global, middle-market Financial Services businesses through control and influence oriented investments in 5 sectors: (1) Depositories and Finance Companies, (2) Asset and Wealth Management, (3) Insurance, (4) Capital Markets, and (5) Financial Technology/Payments. The firm was founded in 2013 by Milton Berlinski, Peter Aberg, and Alex Chulack, who collectively bring over 90 years of advisory and investing experience across a wide range of financial services sectors. For more information, please visit www.reverencecapital.com.

Contacts

For Reverence Capital Partners: (212) 804-8025 [email protected]

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