Tag: News

We are excited to announce that Altvia, a leading financial service provider in the family office and family wealth industry, was selected as a finalist and winner in the following categories at the Eleventh Annual Family Wealth Report Awards 2024 program:

• Winner: CRM System
• Finalist: Women in Wealth Technology (Individual) – Brie Aletto

Altvia President & CEO, Brie Aletto, and Chief Financial Officer, Christine Dye, were in attendance to accept the award and honored to be recognized amongst such high-caliber finalists at the Gala Ceremony at the Mandarin Oriental Hotel in Manhattan, New York, on May 2, 2024.

The annual Family Wealth Report Awards program recognizes achievement and showcases top-class performance, innovation, and distinction of those who serve the family office, family wealth, and trusted advisor communities in North America.

Brie Aletto, President & CEO of Atlvia, commented on the nominations: “It is a great honor to be selected by the judges among a shortlist of well-respected finalists for these prestigious awards. This recognition is a testament to the hard work that the team puts in every day to ensure our clients are getting best-in-class products and services. Thank you to the Family Wealth Report for highlighting the vigor, variety, and complexity of this industry, and congratulations to everyone who took part in the awards.”

Stephen Harris, ClearView Financial Media’s CEO, and publisher of Family Wealth Report was first to extend his congratulations to all winners and highly commended companies. “Every winning entrant has been subjected to a rigorous and independent judging process and should be rightly proud of the success they have achieved this year. This year we have seen a marked increase in entrants and interest in all our global awards programmes and the Family Wealth Report Awards are no exception. These awards give organisations and individuals the opportunity to clarify their strategic thinking, have it independently validated, be recognized internally and externally and to celebrate in style with their peers. I offer my congratulations and best wishes for the future to all winners and highly commended firms – they are all worthy recipients who join the prestigious list of wealth management professionals who form the global elite of Family Wealth Report winners.”

For more information about the Eleventh Annual Family Wealth Report Awards 2024, check out the program, Acclaim. (Altvia is featured on pages 16-17.)

About Altvia

As the technology pioneer for private capital markets, Altvia drives innovation for GPs to deliver a best-in-class LP experience. Altvia is the first solution to successfully build a fully integrated CRM platform atop Salesforce – empowering private equity, venture capital, and other alternative asset professionals to simplify data complexity, efficiently raise and deploy capital, and provide a modern LP experience.

With a commitment to excellence in service, product innovation, and having a deep understanding of the unique needs of the industry, Altvia has become a trusted partner for firms seeking to optimize their processes and achieve unfounded success in the competitive market. Founded in 2006, and acquired by Marlin Equity Partners in 2022, Altvia is headquartered in Broomfield, Colorado, and serves a top-tier global client base.

About ClearView Financial Media Ltd (“ClearView”)

ClearView Financial Media was founded by Chief Executive, Stephen Harris in 2004, to provide high quality ‘need to know’ information for the discerning private client community. London-based, but with a truly global focus, ClearView publishes the WealthBriefing group of newswires, along with research reports and newsletters, while also running a pan-global thought-leadership events and awards programme.

Altvia was selected as a finalist in two categories for The Drawdown Awards 2024: CRM & Deal Origination Technology and Investor Relations Technology. We are thrilled to announce that on June 13, 2024, at the awards ceremony in London, Altvia won the CRM & Deal Origination Technology category. This marks Altvia’s first time being nominated and winning this prestigious award.

The Drawdown Awards celebrate excellence and innovation within private fund operations and we are honored to be considered amongst several other leading service providers for the European private equity industry.

The extensive judging process, based on the views of a panel of leading private capital fund COOs, CFOs, CCOs, GCs, and CTOs, ensures these awards stand out from the crowd as ‘ones to win’ and they aim to act as a catalyst to drive up service standards and operations across the sector.

CRM & Deal Origination Technology

Altvia, a leading provider of CRM and deal origination software for private capital markets, provides alternative asset professionals with first-hand access to proprietary deals in the market, giving them a competitive edge. 

As the volume of dry powder reaches unprecedented heights, investment professionals face mounting pressure to source high-yield opportunities to deploy capital. This necessitates a delicate balance of strategic foresight, market intelligence, and adept networking skills. As the market is flooded with competition, the quest for distinctiveness in deal flow management is paramount – making the need for a robust operational infrastructure for deal origination execution paramount.

Altvia’s comprehensive AIM CRM empowers dealmakers to seamlessly transition their key relationships into the digital realm. And by streamlining the management of key connections, AIM enhances efficiency and effectiveness in deal sourcing and execution. 

For more information on how Altvia’s AIM CRM and deal management software can help you source and win more deals, visit altvia.com/aim-crm.

Investor Relations Technology

Altvia and Passthrough’s innovative and first-of-its-kind integrated solution links data normally trapped in sub docs with Altvia’s AIM CRM via a powerful, custom integration, OnboardingBridge.

Investors expect a streamlined onboarding experience where they don’t need to provide duplicative information, while fund managers need real-time visibility into the status of their raise and a single source of truth for their teams. That’s what OnboardingBridge solves. 

A fund manager’s CRM needs to be a reliable, single source of truth for the whole firm to use the data in it to make smarter decisions. OnboardingBridge—the first integration that connects sub docs with a purpose-built CRM for private equity—means information normally trapped in a sub doc automatically updates Altvia’s AIM CRM in real-time, and vice versa.

OnboardingBridge allows fund managers to use data already in Altvia’s AIM CRM to prefill a subscription document, invite investors to the platform to complete their agreement, and once the new limited partners complete their documents, both the investor’s information and status are automatically updated. That investor’s data can also be reused when they reinvest in a future fund.

For more information about our streamlined LP onboarding solution, visit altvia.com/partnerships/passthrough.

We’re honored that The Drawdown Awards has chosen to recognize our industry-leading innovation!

Originally posted on EIN Presswire
March 26th, 2024

Titan CEO and headline sponsor Wipfli LLP are pleased to announce Brie Aletto, President & CEO, Altvia, as a 2024 Colorado Titan 100. The Titan 100 program recognizes Colorado’s Top 100 CEOs & C-level executives. They are the area’s most accomplished business leaders in their industry using criteria that include demonstrating exceptional leadership, vision, and passion. Collectively the 2024 Colorado Titan 100 and their companies employ over 74,000 individuals and generate over $43 billion in annual revenues. This year’s honorees will be published in a limited-edition Titan 100 book and profiled exclusively online. They will be honored at an awards ceremony on May 30^th, 2024, and will be given the opportunity to interact and connect multiple times throughout the year with their fellow Titans.

“The Titan 100 are changing the way that business is done in Colorado. These preeminent leaders have built a distinguished reputation that is unrivaled and preeminent in their field. We proudly recognize the Titan 100 for their efforts to shape the future of the Colorado business community. Their achievements create a profound impact that makes an extraordinary difference for their employees and clients across the nation.” says Jaime Zawmon, President of Titan CEO.

Brie Aletto, Altvia’s President and CEO brings over 15 years of experience as a seasoned SaaS executive in private equity-backed companies. Brie’s dynamic leadership, strategic foresight, and commitment to excellence in recruiting and developing top talent have contributed to their collective business execution and positioned Altvia as a frontrunner in the competitive landscape of SaaS solutions for private capital markets. Under Brie’s leadership, Altvia has seen noteworthy and sustained growth across various key metrics, reflecting the effective strategies and initiatives she and her team have implemented.

“As a CEO honored as a Titan 100, I am deeply humbled. This recognition reflects not just my own efforts, but the dedication of our entire team to lead with vision, integrity, and passion in Colorado’s business community. It’s a privilege to be part of driving positive change and progress in our industries.”

The annual Titan 100 awards celebration on May 30th, 2024, will be held at Magness Arena in Denver, CO. The home of champions, Magness Arena is a multi-use venue within the Ritchie Center. This unique cocktail-style awards event will gather 100 Titans of Industry for an evening unlike anything that exists in the Colorado business community.

“On behalf of all the partners and associates at Wipfli we congratulate all the Titan100 winners. It’s an honor to recognize this diverse group of leaders in the Colorado business community. We appreciate the lasting impact each leader has made, and continues to make, in building organizations of significance both here in Colorado and abroad. Your ingenuity and creativity have set you apart, and the honor of being seen as an industry Titan is richly deserved,” says Pete Aden, Partner at Wipfli.

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’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.

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 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.

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.

Starting in 2020, Juneteenth is an official company holiday for Altvia.

I am inspired by companies that have made similar policies around Juneteenth in recent days and am hopeful that those within and outside the Private Capital Markets will take a similarly bold step to be a catalyst for change and leadership.

If you are like me, you have experienced a range of emotions since George Floyd’s death on Monday, May 25 in Minneapolis. It’s ironic to me that this happened on Memorial Day, the day we celebrate servicemen and women who lost their lives fighting to protect the ideals of the United States. Perhaps Memorial Day 2020 will go down in history as the day that we as Americans were called to take responsibility for these ideals and initiate the changes necessary to be in integrity with them.

As the news coverage increased, it hit close to home as a native of the Twin Cities. While the killing took place in Minneapolis, the protests and unfortunate destruction of property spilled across the Mississippi River into St Paul. Much of the destruction in St Paul took place on the University Avenue corridor, mere blocks from where my mom grew up 70-80 years ago, and where my grandfather, the son of Irish immigrants, had a grocery store. His parents, along with other immigrants from Ireland, Scotland, Italy, and eastern Europe, came for the American Dream. It saddens me to think that there are people in those neighborhoods today that are questioning whether they can ever be included in the American Dream.

As the protests spread across the country and ultimately the world, I experienced a small taste of the conflict that can happen with different perspectives just inside of my own family. We had several heated discussions over those days with our kids alone.

As a family, we went to the protests in Denver on Sunday, May 31 to see if we could better inform our opinions by experiencing it first hand. We found ourselves saddened, angered, bothered, and even more confused. And hopeful.

The two weeks since have been a whirlwind. In quiet moments I continue to try to understand this new world we have entered and to try to find the ways that we as a company can be a force for good and a force for change.

While I alone don’t know the answer, I do know that as a company, we can start to find the answers, together.

I believe that a journey has started and in this journey, Altvia will be a tortoise.

When I first sat down to write this I had it in my mind that we were the tortoise in contrast to the hare. But then I realized the fallacy of that distinction. There is not one tortoise. I want a future where every company and every community can be a tortoise. That through steady, thoughtful, and sustained action each will ultimately persevere. And while we will be a tortoise, we can still take inspiration from hares and support them as well. This is not a competition.

By closing the office on Friday for Juneteenth, Altvia invites our employees to start their own journey or accelerate a journey they may have already initiated. A journey about vision and understanding and education and love. This is about creating a future where Altvia and each of us individually can be a source of energy, inspiration, and abundance for our clients, partners, employees, and communities.

As a white person, I understand that the black community and all communities of color demand and deserve a rapid response. By stating that we will be a tortoise, I am not implying we sit on our hands and take our time, I am expressing that we’re in this to make a long-term sustained change and we understand that to do so, we need to be in for the long haul.

Internally, our team is collecting resources and designing additional programs in support of Juneteenth and our local community. We will communicate those as they are finalized and look forward to hearing about the additional steps you take as well — as always, please let me know if you have any ideas, questions, or concerns.

Colorado is becoming a private equity partner favorite

Colorado isn’t just hot for tech startups and energy development. It’s also quickly becoming perhaps the best-kept secret in private equity today. The Centennial State boasts a business-friendly environment and is home to one of the top-rated talent pools in the country. Many come for the beauty and adventure and stay for economic opportunities. And, more often, they’re doing it the other way around as well.

There are a variety of reasons why partners may choose to live and/or do business in Colorado. For many, the three main reasons are due to the state’s business friendliness and, by extension, flourishing economy, it’s highly skilled workforce, and the lifestyle advantages of living here.

1. Business in Colorado.

Colorado’s economy is ranked first in the U.S. With a friendly business environment, steady growth, and low unemployment, it’s been easy for investors to see Colorado as an excellent opportunity. Forbes ranked Colorado as the eighth-best state for doing business, where companies have access to the country’s second most educated population. The magazine also ranks Colorado at number seven for growth prospects.

2. Highly Skilled Workforce.

As previously mentioned, Colorado is home to the country’s second most educated workforce. Forbes notes that 41% of Colorado’s adult population has a college education. And the population of adults aged 25 – 34 is the second-highest in the country.

When considering where to invest (and/or where to move yourself!?), areas with a highly trained and skilled labor force offer some of the best opportunities for growth. The “brain concentration” of these types of places tend to create a sort of multiplier effect of ideas and innovation, often propelling growth even further.

3. Lifestyle Advantages.

Among the variety of reasons, Colorado offers such a skilled and diverse workforce is due to the lifestyle advantages provided in the state. Colorado has experienced tremendous population growth over the past decade, and lifestyle has a lot to do with it. Young professionals specifically are flocking to Colorado to take in the state’s active, outdoor lifestyle. Additional lifestyle benefits include easy access to one of the country’s top-rated international airports, and an abundant arts, music, and food culture.

Colorado: An Emerging Who’s Who In Private Equity?

Some well known private equity firms call Colorado home to take advantage of these benefits and more. Partners Group, a firm based out of Switzerland, had announced it will open a second headquarters in Broomfield late 2019. Others include Black Lake Capital, Lion Equity Partners, and The Decatur Group to name a few.

A rendering of the headquarters under construction by Partners Group in Broomfield, Colorado.

At the same time, PE investment in Colorado businesses continues to be strong. Real estate investment is a favorite for many firms, but all manner of industries are represented. Colorado’s diverse economy provides ample investment opportunities for firms focused on professional services, technology, and energy development markets.

Colorado hasn’t received the investment attention of traditional hotbeds such as Silicon Valley and Boston. But, the state’s burgeoning popularity means that now is a great time to take a look at Colorado investment. The state’s business friendliness, skilled workforce, and booming economy make it a great place for business investment.