iCapital

“Aspen Partners represents a shift in the industry: that a sufficiently large registered investment adviser can act as its own general partner rather than routing client capital through intermediary platforms like iCapital or CAIS.”

“Altruist, a digital native custodian firm for independent RIAs, launched a marketplace offering advisers direct access to private funds offered by the likes of Blackstone and KKR.”

“Those two industry heavyweights cast themselves as the 'operating system' of the private markets because they are the middlemen that connect the advisers in the wealth channel with access to thousands of alternative investment products.”