Summary
CAIS has built a technology platform that gives independent financial advisers access to the same alternative investment products (private equity, private credit, real estate, hedge funds) that traditionally only large wirehouses could offer. The $170M Series D led by Vista Equity Partners at a $2B+ valuation validates the model. CAIS serves 2,500+ wealth management firms supporting 65,000+ advisers overseeing ~$8.5T in end-client assets. The company's 37% three-year organic revenue CAGR, 53% YoY transaction volume growth, and 74 NPS (2x B2B SaaS benchmark) demonstrate strong product-market fit. The next phase focuses on AI and agentic capabilities embedded into adviser workflows.
Key Points
- $170M Series D led by Vista Equity Partners; valuation over $2B; total funding ~$600M
- 37% three-year organic revenue CAGR; H1 2026 transaction volume +53% YoY
- 2,500+ wealth management firms; 65,000+ advisers; ~$8.5T in end-client assets
- 425+ new RIAs/IBDs since 2025, representing $1.8T+ in assets
- Adviser NPS: 74 (2x B2B SaaS benchmark of 36)
- Founded 2009, NYC-based; covers pre-trade, trade, and post-trade lifecycle of alts
- Previous: $50M Series B (Eldridge, 2020), $340M Series C (Apollo/Motive, 2022)
- Vista President David Breach joins board; Blue Owl, Lord Abbett, Fortress, Carlyle as observers
- Funds for platform expansion, AI/agentic capabilities, strategic opportunities
- FT Partners: exclusive financial adviser; Sidley Austin: legal counsel
- CEO Matt Brown: "When strategic investors of this caliber back CAIS, it reflects their conviction"