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Altvia CEO Brie Aletto – Featured Panelist at MIW SPEAK Event

As noted on their website, the organization called Mergers & Acquisitions “has been honoring the Middle Market’s Most Influential Women for 7 years and in 2022, we’ll tap into this powerful group of executives to have them share their views on the market and professional growth advice to help provide INSPIRATION to the next generation.”

Altvia CEO Brie Aletto was honored to share her insights at an MIW SPEAK event. Brie joined Suzanne Yoon, Founder and Managing Partner, Kinzie Capital Partners, and Julia Karol, President and COO, Watermill Group, in a session titled MIW Maximizing Growth at Portfolio Companies. Withum Partner and Market Leader, Transaction Advisory Steve Brady moderated the session. 

We provide highlights of the event below.

What Does Growth Mean to You?

Julia answers this question by saying that to her firm, growth means that when they have finished working with a business in a stewardship role, they leave it “strong and thriving,” with an excellent management team in place and performing optimally.

Brie notes that top-line growth is important to the PE/VC-backed businesses that Altvia works with and that technology like Altvia solutions can be vital to driving that growth. She says that the Rule of 40 is the metric we strive for with our clients.

Suzanne shares that because her firm is involved in deals where they provide first-time institutional capital, they see growth as helping companies with established offerings develop more efficient processes. Often this involves assisting companies to implement operational technology to accelerate their growth.

What Are the Challenges and Opportunities Around the Use of Advanced Technology?

Brie tackles this question first, pointing out that growth-stage businesses must support the implementation of tech solutions all the way up to the company’s board. It’s also critical in acquisition to keep legacy employees in place so that they can transfer their knowledge to new team members. She goes on to describe some of the tools—like video capture tools for capturing and sharing meeting insights—that are crucial for businesses looking to grow and expand. Fund lifecycle management solutions like Altvia’s also help firms manage fundraising and deal pipelines and make fund managers more competitive.

Julia emphasizes that having access to necessary data is critical. She shares that companies used to focus on implementing enterprise resource planning (ERP) systems. These large, expensive solutions could damage a business if the company implemented them incorrectly. That risk has made many companies fearful of technology in general today. However, choosing the right tools and implementing them the right way reduces that risk. 

Suzanne adds that all areas of every business today use technology in some way. From communication tools to HR systems, companies should equip every department with solutions that help them operate better. She also mentions that the “old-line” businesses they often work with are increasingly transitioning to cloud-based solutions. Suzanne goes on to note that Kinzie Capital Partners uses Altvia solutions.

How Does the Ability to Attract and Retain Great Talent Affect Growth?

From Suzanne’s perspective, identification, assessment, and development are the three pillars of human capital management. She says that companies must address all three deliberately and rigorously. That includes having a strategy for staying in front of recruiters. Suzanne also mentions how costly bad hiring decisions can be and, consequently, how important human capital assessment tools are.

Julia states that one of the most important things companies can do is align incentives with the metrics or goals of the business. “If you get that right, you’re three-quarters of the way there,” she says. She also mentions that a sense of purpose is essential to today’s employees. Companies used to talk about purpose in terms of business strategy. However, now it’s vital to ensure that employees feel like they’re part of something and understand the “why” behind their work.

Brie expresses that she’s encouraged to hear Suzanne and Julie focus on the people and culture sides of businesses. She notes that one of Altvia’s top three goals for this year and an important metric we’re tracking is employee retention. Brie also agrees with Suzanne’s point about how employees view growth and development in their careers as significant factors in their loyalty to their employer. Altvia has implemented a tool to assess and align personal development goals with company goals.

In addition, she highlights the importance of the positive culture that exists when you have the right mix of energetic new employees and seasoned veterans, along with technology that takes some of the training burdens off those veterans.

View the Session and Learn More About Altvia

This interesting and informative event concludes with the panelists sharing their thoughts on marketing and sales. You can hear all that Brie and the other panelists have to say on maximizing growth at portfolio companies by viewing the recording of the session.

To learn more about Altvia’s industry-leading solutions for alternative investment firms and request a demo, visit our website.

Altvia Earns Built In’s 2022 Best Places to Work in Colorado Award

DENVER, Jan. 5, 2022 /PRNewswire/ — Built In today announced that Altvia was honored in its 2022 Best Places To Work Awards. Specifically, Altvia earned a place on 2022 Best Places To Work in Colorado. The annual awards program includes companies of all sizes, from startups to those in the enterprise, and honors both remote-first employers as well as companies in the eight largest tech markets across the U.S.

“In an extremely competitive employment market, attracting and retaining our team members is of utmost importance to the ongoing growth and advancement of any business,” stated Brie Aletto, CEO of Altvia. “I’m proud and grateful of the efforts we take at Altvia to build a collaborative and inclusive culture, and to subsequently be recognized for those initiatives as one of the top places to work.” 

Built In determines the winners of Best Places to Work based on an algorithm, using company data about compensation, benefits and companywide programming. To reflect the benefits candidates are searching for more frequently on Built In, the program also weighs criteria like remote and flexible work opportunities, programs for DEI and other people-first cultural offerings. 

“It is my honor to extend congratulations to the 2022 Best Places to Work winners,” says Sheridan Orr, Chief Marketing Officer, Built In. “This year saw a record number of entrants — and the past two years fundamentally changed what tech professionals want from work. These honorees have risen to the challenge, evolving to deliver employee experiences that provide the meaning and purpose today’s tech professionals seek.”

About Built In’s Best Places To Work

Built In’s esteemed Best Places to Work Awards, now in its fourth year, honor companies across numerous categories: 100 Best Places to Work, 50 Best Small Places to Work, 100 Best Midsize Places to Work, 50 Companies with the Best Benefits and 50 Best Paying Companies, 100 Best Large Companies to Work For, and 50 Best Remote-First Places to Work. Learn more – www.builtin.com

About Altvia

Altvia translates data into intelligence so you can unleash the power of your relationships. As the premier platform for private equity built on top of Salesforce, Altvia combines future-focused technology with proven processes to fundamentally improve the communication and relationship between GPs, LPs, and Portfolio Companies. Learn more – www.altvia.com

CONTACT: Altvia Growth, growth@altvia.com

Altvia and Preqin Announce Strategic Partnership

DENVER, Nov. 30, 2021 /PRNewswire/ — Private capital market platform, Altvia, has partnered with Preqin, the industry’s most comprehensive alternative assets data provider, to integrate Preqin data with Altvia’s CRM and investment management platform. 

Through the integration, mutual clients can now seamlessly enrich their Altvia CRM with Preqin’s Investor and Contact data for private equity and venture capital. The offering will centralize essential data into one solution, saving users time, bringing new visibility to the investment lifecycle, and driving enhanced workflow efficiency. 

For over a decade, Altvia witnessed the evolution of the alternative asset industry while working with hundreds of fund managers, investor relations teams, and partners. As competition rises for both capital and deals, Altvia identified the need to improve General Partner (GP) to Limited Partner (LP) communications and provide firms with integrated communications tools.

Brie Aletto, President and CEO of Altvia says: “Preqin integrates seamlessly with Altvia’s CRM, boosting productivity, improving data integrity, and ensuring security. The combination of these products enables fund managers to leverage better insights from their data, strengthen existing relationships, and effectively track the fundraising pipeline.”

Alex Meier, Preqin’s Global Head of Channel Sales, says: “We are excited to partner with Altvia and to offer a powerful integration for our mutual clients. Our customers are increasingly reliant on fast, intuitive technology to spot trends, connect to the decision-makers quickly, and improve time to market.”

Altvia and Preqin will continue to expand their integration offering, bringing best-in-class data and technology solutions to their shared clients. 

About Altvia

Altvia translates data into intelligence so you can unleash the power of your relationships. As the premier platform for private equity built on top of Salesforce, Altvia combines future-focused technology with proven processes to fundamentally improve the communication and relationship between GPs, LPs, and Portfolio Companies. Founded in 2006 and powering top-tier firms around the globe, Altvia serves clients on six continents and continues to expand operations. Learn more: www.altvia.com

About Preqin

Preqin is the Home of Alternatives™, the foremost provider of data, analysis, and insights to the alternatives industry. The company has pioneered rigorous methods of collecting private data for almost 20 years, so that 170,000+ global professionals can streamline how they raise capital, source deals and investments, understand performance, and stay informed. Through close partnerships with its clients, Preqin continuously builds innovative tools and mines new intelligence to enable them to make the best decisions every day. Learn more: www.preqin.com.

CONTACT: Altvia Partners, partners@altvia.com 

SOURCE Altvia Solutions, LLC

Related Links

https://altvia.com/ 

https://www.preqin.com/

Altvia Wins Private Equity Wire’s “Best Secure Workflow Management Provider”

DENVER, Oct. 21, 2021 /PRNewswire/ — Altvia, a market-leading provider of cloud-based CRM, deal management, and investor lifecycle systems for private capital markets firms, was awarded the Private Equity Wire’s “Best Secure Workflow Management Provider” Award for 2021 amongst top players in the space. 

secure workflow
Altvia – Best Secure Work-flow Management Provider

Voting for the awards is conducted via an online poll of the entire Private Equity Wire readership, where participants are asked to make their choice among the shortlisted firms in each category.

The GP manager categories cover fund performance and fundraising success across a range of private markets investment strategies – including Buyout, Growth, Venture, Fund of Funds, Secondaries, Co-Investment, Debt, Real Estate, and Real Assets.  The service provider categories span all the key areas of the broader private equity ecosystem. Altvia’s workflow management platform supports hundreds of private equity and venture capital firms via a market-leading solution of CRM, LP Portal, and data analytics solutions. 

Kjael Skaalerud, CRO of Altvia, accepted the award on behalf of the company at the awards reception in New York City.  “This is a very exciting time in our category, as more and more fund managers embrace technology to stay competitive. It was great to be recognized by PE Wire and we are excited to continue delivering as a strategic partner to our clients,” said Skaalerud.

Altvia has seen significant growth and evolution over the past 18 months since the Bow River recapitalization of Altvia.  Based on the overarching momentum and growth in the PCM industry, Altvia is poised for a record fourth quarter of welcoming new customers to the portfolio while continuing to provide market-leading solutions for the current users of the platform.

About Altvia

Altvia is a market-leading provider for CRM and investor & deal management systems specifically built for Private Capital Market firms. Founded in 2006, Altvia has hundreds of world-class clients and supports over 40,000 LP investors. The company’s mobile-optimized platform (AIM, ShareSecure, Correspond, and Answers) is transforming the way GP’s deliver continuous value, real-time decision support, and secure communications to their valued constituents. Marquee firms across multiple verticals including IVP, Livingbridge, Tailwater Capital, and RCP Advisors trust Altvia to optimize operational functions and enable critically important communications. Learn more at www.altvia.com.

PitchBook Report Provides Insights on Private Fund Strategies Through H1 2021 Sponsored by Altvia

Investment industry stakeholders are always eager to get data about recent past periods so that they can use it to inform their decisions going forward. That’s especially true given what the industry (and the world in general) went through in 2020. And no organization is better positioned to provide that data than PitchBook. Recently, Altvia commissioned a PitchBook report—Private Fund Strategies Report Q2 2021 on the results of different private fund strategies for the first half (H1) of 2021. It provides analysis and performance results for:

  • Private equity
  • Venture capital
  • Real estate
  • Real assets
  • Private debt
  • Fund of funds
  • Secondaries

The report also includes excerpts from a Q&A session with Altvia SVP of Industry Solutions & Strategy Jeff Williams, plus lists of top funds of different types by size.

Below are some highlights from the report.

Industry Overview

Looking at the industry from a high level, PitchBook notes that “fundraising in H1 2021 was ahead of H1 2020, with $545.4 billion versus $531.9 billion, and even further ahead of H1 2019, which raised $436.8 billion.” And this is true even though fewer funds were raised in 2021 than in 2020 or 2019. So, we saw more money going to fewer but larger funds.

The report also provides a table of year-over-year changes by each of the private fund strategies. For example, private equity funds raised $479.6 billion which was a YoY decrease of 17.9% on a fund count of 598, which was a YoY decrease of 27.4%.

Fund “Step-Ups”

As PitchBook explains: “When a fund manager raises a follow-on fund—also known as a successor fund—it often believes that a target larger than the previous fund is merited due to increasing deal values, a shift upmarket in strategy, or even just the feeling that bigger is always better and a downsized fund would be a poor signal to send the marketplace. Allocators may also hold the cynical perspective that it grows the basis on which management fees are charged. The difference in fund size between a fund and its successor is the step-up.”

The report includes a very visual representation of step-ups for different types of funds and how they’ve tracked from 2006 to 2021.

Private Fund Strategies: Overviews and Graphical Data

The core of the Private Fund Strategies Report Q2 2021 provides an overview of each fund type along with data in the form of graphs and charts. The visuals make it easy to see metrics both at a point in time and as trends.

It’s engaging information punctuated by several very interesting observations, like:

  • Globally, venture funds raised a staggering $88.6 billion through H1 2021, bringing the 12-month rolling average to an all-time high. At its current pace, we anticipate 2021 global VC fundraising to eclipse the record $136.6 billion set in 2018.
  • Perhaps it is the pandemic, but real estate appears to be in a funk lately, at least as it pertains to fundraising.
  • Private debt fundraising kept a steady course in the first half of 2021. Low interest rates, subdued default rates, and the longer-term pivot toward alternative strategies aided allocators in committing $62.1 billion across 66 vehicles.
  • H1 2021 is off 2020’s record-setting pace for secondaries, but the $32.8 billion closed through June is still more than any prior calendar year, aside from 2020 and 2017.

Top Funds by Size

The Private Fund Strategies Report Q2 2021 concludes with lists of top funds by type and size. It’s fascinating to see how many of the most well-known funds are doing—EQT IX, Copenhagen Infrastructure IV, Ares Capital Europe V, and many others. Get your copy of this in-depth and informative report!

Altvia SVP Jeff Williams Guest Authors Openview Labs Article On IPO Trends

Altvia’s SVP of Industry Solutions & Strategy, Jeff Williams, authored an article for OpenView Labs titled Why Are We Seeing Fewer Venture Capital-Backed IPOs? In it, Jeff discusses IPO trends and what they mean for firms.

 He starts the article by recalling:

“I have what many would consider an oddly-vivid memory of VC-backed IPOs in 2007. Midway through that year, I got my start as an investment analyst at a VC fund-of-funds. Within just months I had seen several portfolio companies go public, and venture investors taking a company public immediately cemented itself in my mind as the manifestation of just how great American capitalism is. Maybe it’s the delusion from all of those years I spent creating Excel masterpieces, but I can’t help—in looking back—feeling that they just don’t make VC-backed IPOs like they used to.”

After framing things up that way, Jeff goes on to share stats on the decline both of publicly-listed companies and venture-backed IPOs:

  • The number of publicly-listed companies reached 7,607 in 1997 and has declined nearly every year since, with just 3,618 by the end of 2017
  • From 1993-2000, the average number of yearly IPOs was 451. In the period 2000-2016, the average dropped to 108.

Assessing IPO Trends: Are IPOs Extinct or Just Evolved?

In Jeff’s experience, the VC-backed IPO hasn’t gone extinct, it’s simply evolved.

When considering IPO trends, he notes that, “Venture investors and their portfolio companies have found lucrative exits and large capital infusions without the hassle of being a public company by way of the Growth Equity and Buyout funds that have stepped in to acquire venture-backed companies that historically would’ve gone public.”

He goes on to explain that the number of publicly-listed companies of all sizes has declined, but that Micro- and Small-cap companies have been most affected by this change.

As for why this is happening, Jeff points out that conducting an IPO is very expensive. And on top of that, simply being a public company involves maintaining important-but-costly Sarbanes-Oxley compliance.

And, it’s Jeff’s view that, “IPOs still have their place and they haven’t gone away entirely, but they’ve become more appropriate strategic raises for larger, more-established companies.”

The article is an interesting and insightful read on IPO trends. Check out Why Are We Seeing Fewer Venture Capital-Backed IPOs? on the OpenView website.

Altvia Awarded Most Promising Capital Markets Technology Solutions Provider 2020

CIO Review recognizes Altvia as one of the Most Promising Private Equity Solutions Providers 2020.

The private capital market industry is reaching an inflection point, with experts pointing out –’it’s now ripe for digitization.’ CIO Review noted that “The company that is steering the revolution forward in terms of how firms use data and new technologies in the most profitable way is Altvia.”

Altvia’s ability to empower the private capital markets stems from its 15-year long experience in the industry. Since its inception in 2006, the company’s focus has been to bridge the gap between the ‘providers of capital’ and the ‘managers of capital’. To this extent, Altvia recently formed a partnership with Denver-based private equity firm, Bow River Capital, to merge their nearly two decades of capital markets expertise and help the industry to evolve even further technologically.

Furthering the shared vision of reshaping the private capital markets of the future, Kevin Kelly, founder and CEO of Altvia, states, “Bow River Capital and Altvia are poised to become the epicenter of the sector’s next wave of transformation.”

Read the full article here.

Altvia Wins Buy-Side Technology Award for Best CRM Platform

Altvia is awarded Best CRM platform in the Buy-Side Technology Awards hosted by WatersTechnology. The purpose of the Buy-Side Technology awards is to recognize the leading technologies and third-party providers.

Judges keep in mind three factors when evaluating nominations for best CRM platform: specificity, innovation, and collaboration. The market-leading technologies developed specifically for use by buy-side firms, designed to allow them to operate more efficiently, transparently, and more judiciously. Innovation to address the most pressing business, regulatory, operational and technology needs. Collaboration, regulatory compliance, and managing the various risks/challenges buy-side firms face daily while also allowing them to maximize their operational efficiency.

This marks a second win this year as Altvia has also won a Silver Stevie® Award in the FinTech category at the 17th Annual International Business Awards®.

Read the full press release here.

Altvia Receives Silver Stevie® International Business Awards®

Altvia was named winner of a Silver Stevie® Award in the FinTech category in The 17th Annual International Business Awards®

The International Business Awards are the world’s premier business awards program. All individuals and organizations worldwide – public and private, for-profit and non-profit, large and small – are eligible to submit nominations. The 2020 IBAs received entries from organizations in 63 nations and territories. More than 3,800 nominations from organizations of all sizes were reviewed.

Stevie Award winners were determined by the average scores of more than 250 executives worldwide who participated in the judging process from July through early September.

One judge who reviewed Altvia commented, “Altvia has combined innovative, future-focused technology with proven processes to fundamentally improve the communication and relationship between General Partners, Limited Partners, and Portfolio Companies.”

Read the full press release here.

Altvia Announces Majority Recapitalization with Bow River Capital

The investment from Bow River will enable the company to accelerate growth, rapidly deliver on innovation within its product suite, and scale across every dimension

Altvia announced a majority recapitalization from Bow River Capital’s 2019 Software Growth Equity Fund. Altvia’s current management team will continue to lead the organization, with new seasoned software executives in Technology and Revenue Growth poised to join the team. The investment from Bow River will enable the company to accelerate growth, rapidly deliver on innovation within its product suite, and scale across every dimension to redefine technology’s role in the relationship between GPs, LPs, and Portfolio Companies.

Founded in 2006, Altvia is a trusted provider to over 40,000 investors and hundreds of Private Capital Market firms. The company’s SaaS platform is a secure and mobile-friendly CRM–AIM, a GP-LP engagement portal–ShareSecure, end-to-end communications–Correspond, and industry-leading business intelligence–Answers. Together these products translate data into intelligence ensuring compliance, workflow management, and a trusted and transparent experience to stakeholders in a simple and effective way, enabling rapid adoption across all types of global organizations. 

Kevin Kelly, CEO of Altvia states, “We are looking forward to working with Bow River’s Software Growth Equity team as partners to support our vision and strategy of building out the industry’s best investor and deal management software platform and company.” Kelly further states, “After evaluating multiple Investment firms and alternatives with our investment bankers, we were enthusiastic about Bow River’s SaaS expertise, operational track record building market winning companies, and their close proximity to our global headquarters in Broomfield, Colorado.”

Click here to read the full press release.