DARIEN, Conn.--(BUSINESS WIRE)--Alaia Capital, an independent asset management firm focused on the next generation of defined outcome investment solutions, announced today a $5.5 million strategic investment led by Centana Growth Partners, a growth equity firm. Centana Growth Partners is joined in this strategic investment by ThirdStream Partners LLC. The investment will grow Alaia’s operations and broaden its product suite, which is marketed under m+ fundssm.
m+ funds deliver customized ETF returns at a specified maturity date. These types of returns have traditionally been available through investments in structured notes or indexed annuities. However, like other 40 Act fund offerings, m+ funds are redeemable daily at NAV and are delivered through a fiduciary platform that allows shareholders to benefit from transparency and institutional price discovery, without corporate credit exposure.
“Alaia Capital is at the forefront of innovation in delivering the next generation of defined outcome investment solutions in a market that is over $100B today. m+ funds make defined outcome solutions accessible and practical for a much broader market, such as accounts advised by RIAs,” said Ben Cukier, Partner at Centana Growth Partners. “Alaia complements our investment portfolio of financial firms that are powering the future of financial services. We’re excited to work with Alaia’s leadership team, whose industry experience and depth of knowledge will lead the firm to its next phase of growth.”
“Alaia Capital’s highly innovative m+ funds are positioned to bring a broad new range of investor-focused solutions to the asset management and ETF landscape, and we’re excited to work with the leadership teams at both Alaia Capital and Centana Growth Partners,” said Blake Grossman, Managing Partner at ThirdStream Partners LLC and former Vice Chairman of BlackRock and CEO of Barclays Global Investors.
Alaia Capital has recently expanded its leadership team and strengthened its distribution capabilities through a partnership with Incapital LLC. This funding will enable Alaia Capital to build on its momentum and fuel market adoption.
“We are delivering solutions to issues that exist within traditional investments by offering investors a unique way to adjust their passive market exposure,” Oscar Loynaz, Co-founder of Alaia Capital said. “This strategic investment validates our vision and will allow us to scale more rapidly.”
For more information about m+ funds, please visit www.mplusfunds.com.
About Alaia Capital, LLC
Alaia Capital is an independent financial services firm focused on innovative and alternative investment solutions. The firm leverages the strong leadership and experience of founders and senior partners, all having extensive product and derivatives backgrounds and having been at the forefront of the evolving index, ETF and structured investments business. Alaia Capital is focused on delivering defined outcome investments through an efficient and scalable fiduciary framework. Learn more at www.alaiacapital.com. Securities offered through Beech Hill Securities, Inc., a registered broker-dealer, member FINRA/SIPC.
About Centana Growth Partners
Centana is a unique growth equity firm that invests in the future of financial services. We partner with firms across the entire financial ecosystem, from institutions to fintech disruptors. Centana connects our portfolio companies to a catalyzing community that can help accelerate business growth. With offices in Palo Alto and New York, the Centana team taps into decades of financial services expertise and insight to find partner firms that bring real value and innovation into the industry.
About ThirdStream Partners LLC
ThirdStream Partners LLC focuses on venture and strategic opportunities in financial services and financial technologies. We invest in a broad spectrum of companies ranging from early-stage startups to late-stage private companies. Our team leverages decades of experience in firms pioneering the application of quantitative, computer-driven approaches in the finance industry.