Vega, an alternative investment technology startup company founded by a team of former executives from hedge funds, private equity firms and fintech scale-ups, has closed a $20 million series A funding round led by Apollo Global Management and Motive Partners.
According to Vega, growing investor demand for private markets exposure is pushing alternative asset managers to transform how they service current clients and rapidly expand their service to new segments globally. Outdated client service technology and fragmented point solutions have created friction and hindered asset managers’ ability to scale, leading to substantial inefficiencies across their client service ecosystem.
In response to this, Vega is building a distribution operating system, Vega AltOS, for the alternatives industry to empower asset managers to efficiently service and scale their client base in an era of hypergrowth for alternatives. The platform powers digitally enabled client service across
