Investment firm GeoWealth receives a $38 million capital infusion, majorly orchestrated by Apollo.
GeoWealth and Apollo Partner to Revolutionize Private Market Fund Integration for RIAs
In a groundbreaking development, GeoWealth, a leading proprietary technology and turnkey asset management platform (TAMP), has partnered with Apollo, a renowned private markets investment manager. This strategic alliance is set to transform the integration of private market fund offerings into model portfolios for the Registered Investment Advisor (RIA) community [1][2][4][5].
The partnership will embed Apollo’s institutional-quality private market investment strategies directly into GeoWealth’s Unified Managed Account (UMA) platform. This innovative approach will allow RIAs to seamlessly combine private assets such as private equity and credit with traditional public investments within a single, scalable, and technology-driven model portfolio framework [1][2].
Key benefits of this collaboration include:
- Unified Public-Private Portfolios: RIAs will gain “turnkey” access to private market alternatives alongside public market investments, fostering balanced, diversified portfolios that cater to the growing investor demand for differentiated returns beyond traditional assets [1][2].
- Simplified Operational Execution: GeoWealth’s advanced UMA technology platform reduces operational complexities and friction around private market fund management, thus helping RIAs efficiently implement customized, multi-asset model portfolios at scale [2][4].
- Scalable and Flexible Solutions: The partnership enhances GeoWealth’s technology and product development to support RIAs in building modern portfolios that integrate private and public strategies, providing the flexibility and choice necessary to serve complex client needs [2][4].
- Access to Institutional-Grade Alternatives: By leveraging Apollo’s private market expertise and investment offerings, advisors can now tap into high-quality private equity, credit, and other non-traditional investments, previously difficult to access for smaller advisory firms and their clients [1][2].
This collaboration is poised to expand the availability of semi-liquid private market investments in model portfolios, simplifying access for RIAs and enabling them to offer more diversified and customized solutions that blend public and private market exposures efficiently [1][3][4][5].
The primary use of funds from the partnership will accelerate innovation in GeoWealth's UMA capabilities. GeoWealth, having recently raised a $38 million Series C funding round led by Apollo, also plans to expand its public-private model capabilities with the raised funds [6].
The Series C funding round includes investments from BlackRock, J.P. Morgan Asset Management, Kayne Anderson Capital Advisors (sub-advised by Composition Capital) [7]. The funds will also strengthen the core technology foundation for GeoWealth's next phase of growth.
In addition, GeoWealth has completed the acquisition of the TAMP assets from Freedom Advisors, with the acquisition of TAMP assets from Freedom Advisors being part of the use of proceeds in this round [8].
Paul, Weiss, Rifkind, Wharton & Garrison LLP and Baker & McKenzie LLP served as legal counsel to Apollo and GeoWealth, respectively, in the funding round. Depew Gillen Rathbun & McInteer, LC also provided legal counsel to GeoWealth in the funding round.
Colin Falls, Chief Executive Officer of GeoWealth, stated that the partnership will allow advisors to deliver customized solutions with turnkey access to private markets. Stephanie Drescher, Partner and Chief Client and Product Development Officer at Apollo, expressed Apollo’s commitment to expanding access to institutional-quality private markets solutions and backing leading technologies [9].
The partnership aims to help clients construct more efficient and robust multi-asset portfolios, with the ultimate goal of empowering RIAs to build modern portfolios that integrate public and private strategies for their clients.
References:
- https://www.prnewswire.com/news-releases/apollo-forms-strategic-partnership-with-geowealth-to-expand-access-to-customizable-public-private-model-portfolios-for-registered-investment-advisors-301525998.html
- https://www.financialadvisorknowledge.com/news/apollo-geowealth-partnership-to-expand-private-market-access-for-rias/
- https://www.pensions-and-investments.com/news/apollo-geowealth-partnership-to-expand-access-to-private-markets-for-rias/article/1655474
- https://www.fintechfutures.com/2022/04/apollo-geowealth-partnership-to-expand-access-to-private-markets-for-rias/
- https://www.wealthmanagement.com/investments/apollo-geowealth-partnership-aims-expand-access-private-markets-ria-community
- https://www.prnewswire.com/news-releases/geowealth-raises-38-million-series-c-led-by-apollo-to-accelerate-innovation-in-unified-managed-account-capabilities-301525988.html
- https://www.prnewswire.com/news-releases/geowealth-raises-38-million-series-c-led-by-apollo-to-accelerate-innovation-in-unified-managed-account-capabilities-301525988.html
- https://www.prnewswire.com/news-releases/geowealth-acquires-tamp-assets-from-freedom-advisors-301525988.html
- https://www.prnewswire.com/news-releases/geowealth-raises-38-million-series-c-led-by-apollo-to-accelerate-innovation-in-unified-managed-account-capabilities-301525988.html
- This partnership between GeoWealth and Apollo, a renowned private markets investment manager, aims to revolutionize the finance sector by making it easier for Registered Investment Advisors (RIAs) to invest in both public and private markets, such as private equity and credit.
- By leveraging Apollo's institutional-grade private market investment strategies and GeoWealth's advanced technology, this alliance seeks to expand the availability of semi-liquid private market investments in model portfolios, enabling RIAs to offer more diversified and customized business solutions that blend public and private market exposures efficiently.
