iAltA Acquires BridgeFT to Strengthen Data Backbone for Private Markets

iAltA Holdings, the WestCap-backed private markets infrastructure firm, has acquired BridgeFT, a cloud-native, API-first software provider serving wealth managers, fintech firms, and RIAs. 

The deal deepens iAltA’s push to build an integrated operating layer for advisors navigating increasingly complex portfolios that blend public and private market exposure. BridgeFT’s WealthTech API is designed to simplify fragmented technology stacks, reduce development costs, and accelerate the delivery of data-driven, next-generation applications across the wealth management ecosystem. 

As private assets take on a larger role in client portfolios, advisors and platforms are under pressure to modernize their data and reporting infrastructure—particularly across performance, reconciliation, and analytics. BridgeFT’s API-led approach allows firms to connect systems more efficiently while avoiding custom-built integrations that can slow innovation and inflate costs. 

“This acquisition directly supports our mission to build a more connected wealth ecosystem,” said Bill Crager, founding partner of iAltA. “That connectivity is becoming essential as private markets move from the margins to the core of client portfolios.” 

From BridgeFT’s perspective, the combination expands its reach within the private markets channel while reinforcing its role as foundational infrastructure rather than front-end software. 

“iAltA is building the core data and intelligence infrastructure required for wealth managers to operate across both public and private markets,” said Dave Hagen, chief commercial officer of BridgeFT.