CAIS Expands Marketplace Offerings with Blackstone Alts Deal

CAIS, an alternative investment platform for independent financial advisors, announced it has expanded its Marketplace offerings with the addition of alternative asset manager Blackstone’s investment strategies.

Select Blackstone strategies, which have undergone third-party due diligence by Mercer, will be made available to CAIS’ network of RIAs, independent broker dealers, and RIA aggregators that oversee more than $4 trillion in assets.

“We are committed to providing independent advisors with access to the leading alternative investment strategies from the top alternative asset managers in the industry,” said Matt Brown, founder and CEO at CAIS. “As advisor demand for alternative investments accelerates, we are excited to welcome Blackstone, a firm that shares our vision in delivering quality education and strategies to financial advisors everywhere.”

By incorporating its alternative strategies into the CAIS platform, Blackstone hopes to broaden its reach in an area of the wealth management business that is attracting large alternative asset managers and independent advisors.

CAIS provides advisors with access to a broad selection of alternative investment strategies, including hedge funds, private equity, private debt, real estate, digital assets, and structured notes.

Founded in 2009, CAIS supports over 32,000 advisors. Since its inception, the platform has facilitated over $30 billion in transaction volume. In 2022, it reached unicorn status with a $1 billion valuation.