Vega, a technology company focused on providing solutions for alternative asset managers, recently announced the closing of a $20 million Series A funding round led by Apollo and Motive. In addition, Vega has formed a partnership with Apollo, signaling a significant milestone in the company’s growth trajectory.
The increasing demand for private market exposure has pushed alternative asset managers to re-evaluate how they serve clients and expand their services globally. Vega’s platform, AltOS, aims to address the inefficiencies and challenges faced by asset managers by providing a comprehensive solution for client service operations.
AltOS enables asset managers to distribute products and serve clients through an “Alternatives-as-a-Service” framework, allowing seamless connections between asset managers and clients via APIs. This technology aims to enhance the integration of alternative investments in client portfolios and streamline transaction processing in the private markets.
Vega’s partnership with Apollo and Motive highlights the industry’s need for a more scalable and efficient operating system for alternative asset management. The company plans to collaborate with other asset managers and platform providers to build standardized private markets client service infrastructure and drive growth across the industry.
Alexis Augier, Founder & CEO of Vega, expressed excitement about the partnership with Apollo and the potential impact of AltOS on the industry. Jake Walker, Partner and COO of Client and Product Solutions at Apollo, emphasized the importance of transforming client operations to better serve evolving client needs in the private markets.
Overall, Vega’s innovative approach to client service infrastructure in the alternative asset management industry is poised to revolutionize the way asset managers operate and serve their clients.
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