Altegris, an alternative investment research and management firm, and Artivest, an alternative investment technology firm, have agreed to club their businesses under Artivest brand.
The merged entity will become one the largest independent alternative investment technology firm in the US with more than $3bn in client capital.
The new company will cater to wealth managers, fund managers, and independent advisors through its 100 member strong team.
Following the completion of the deal, Artivest CEO and founder of James Waldinger will serve as CEO of the new venture, while Martin Beaulieu, executive chairman and CEO of Altegris, will assume the position of executive chairman.
Altegris founder and CIO Matt Osborne will continue to hold the same responsibility overseeing investment research and management.
Osborne will also be responsible for oversight of the firm’s family of funds, which will retain the Altegris name.
Waldinger commented: “This integration will create the solutions-driven marketplace our clients want. After we formed a commercial relationship with Altegris last year, we realized our strategic goals align and our value propositions are highly complementary.
“Altegris will expand our investment, operations, and distribution capabilities, immediately amplifying the power of our technology—and vice versa.”
Artivest, which has offices in New York and San Diego, will remain privately held by employees and outside investors, led by Aquiline Capital Partners, Genstar Capital, KKR, and Thiel Capital.