iAltA Holdings, a WestCap-backed private markets infrastructure company, has acquired BridgeFT, a cloud-native, API-first wealth infrastructure software provider focused on helping financial institutions, fintechs, and registered investment advisors better unify and use portfolio and client data.
The deal brings BridgeFT’s data aggregation and analytics capabilities under iAltA’s umbrella as the acquirer works to build what it describes as core data and intelligence infrastructure for wealth managers operating across both public and private markets. Financial terms were not disclosed.
BridgeFT is known for helping wealth technology companies and advisory firms normalize and consolidate portfolio information—such as positions, balances, holdings, transactions, and performance—across custodians, portfolio systems, and back-office providers. The company says its platform reduces the need for multiple, custom-built integrations by offering a single open API that provides access to financial data, analytics, and application services across a range of providers.
The acquisition comes as wealth managers and fintech developers continue to wrestle with inconsistent data standards and proprietary systems that can make it costly to build and maintain integrations. iAltA said adding BridgeFT supports its effort to create a more connected ecosystem, particularly as private markets play a larger role in client portfolios.
BridgeFT Chief Commercial Officer Dave Hagen said the combination is intended to provide a normalized and scalable foundation that enables better advice and insights across the wealth management landscape.
KEY QUOTES:
“BridgeFT has been instrumental in helping the industry address one of its most persistent challenges—the disconnect between rapidly evolving client needs and deeply fragmented technology. This acquisition directly supports our mission to build a more connected wealth ecosystem, particularly as private markets become an increasingly important part of client portfolios. BridgeFT’s data infrastructure is a critical building block in that vision.”
Bill Crager, Founding Partner, iAltA
“iAltA is building the core data and intelligence infrastructure required for wealth managers to operate across both public and private markets. BridgeFT was built to solve the hardest data problems in wealth management, and together with iAltA, we’re providing the normalized, scalable foundation the industry needs to deliver better advice, better insights, and better outcomes across the entire wealth ecosystem.”
Dave Hagen, Chief Commercial Officer, BridgeFT
