CAIS Raises $170M at Over $2B Valuation to Expand Alts Investment Platform

CAIS has closed a $170 million Series D financing led by Vista Equity Partners, valuing the alternative investment platform at more than $2 billion and bringing total capital raised to nearly $600 million since its founding in 2009.

The round drew participation from a strategic investor base spanning the wealth and alternatives industries: AllianceBernstein, funds managed by Blue Owl Capital, Carlyle, Fortress Investment Group, Golub Capital, Lord Abbett, and Royal Bank of Canada all contributed.

David Breach, president of Vista Equity Partners, will join the CAIS Board of Directors, with representatives from Blue Owl, Lord Abbett, Fortress, and Carlyle serving as board observers.

“When strategic investors of this caliber back CAIS, it reflects their conviction in both the market opportunity and category leadership,” Matt Brown, founder and CEO, CAIS.

The Series D follows a $340 million Series C led by Apollo and Motive Partners in 2022 and a $50 million Series B from Eldridge in 2020. Since 2025, CAIS has onboarded more than 425 new RIAs and independent broker-dealers representing over $1.8 trillion in assets, including AE Wealth Management, AllianceBernstein, Beacon Pointe Advisors, and OpenArc.

CAIS serves more than 2,500 wealth management firms supporting over 65,000 financial advisors who collectively oversee approximately $8.5 trillion in end-client assets.

FT Partners served as exclusive financial advisor and Sidley Austin served as legal counsel to CAIS on the transaction.

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