Deal Snapshot
WEALTH MANAGEMENT SOFTWARE FIRM ADDEPAR ACQUIRES ALTX INVESTMENT PLATFORM
Friday 19 May 2017

California, US-based wealth management software provider Addepar has acquired alternative investments intelligence platform AltX to offer more transparency into the alternatives portion of investment portfolios, the company said. The acquisition deepens Addepar's capabilities in alternative investments, which comprise USD 120bn of the USD 600bn of assets on Addepar's platform.
With AltX, Addepar said it advances its mission to empower wealth advisors and asset owners to make more informed, data-driven investment decisions. Alternative investments, including hedge funds, private equity, venture capital and real estate, have exploded in popularity, growing from USD 2.5tn in 2004 to a projected USD 13.6tn by 2020.


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Details
Date Published: 19/05/2017
Target: AltX
Country: USA
Sector: Banking/Financial Services
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: Addepar
Comment:
Terms of the deal were not disclosed

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