DayMark Wealth Partners announced the $25 million final close of DayMark Fund I, which was developed in partnership with Opto Investments.
DayMark is a fee-based independent registered investment advisor overseeing more than $6 billion in assets. The firm developed DayMark Fund I with Opto to provide accredited investors and qualified clients with diversified, growth-oriented exposure to private markets through a single structure.
The inaugural fund is designed to provide exposure across private equity, venture capital, secondaries, and direct deals. DayMark said the portfolio follows a barbell approach, with established managers anchoring the private equity allocation and a broad mix of emerging venture capital managers across AI, defense, biotech, and enterprise software.
The fund allocates equally to private equity and venture capital, while also adding strategic diversification through secondaries and direct investments.
The venture capital allocation includes exposure to Opto’s recently closed AI-focused venture fund. Representative holdings include direct investments in xAI, Epirus, Exowatt, and Higgsfield, as well as fund investments in Fusion Fund IV, Neo Fund IV, and Zero Prime Ventures Fund II.
Opto supported the fund’s sourcing and diligence through its investment management team and analytical tools with AI-driven workflows. The partnership also gives DayMark access to Opto’s platform, which supports fund structure, formation, investor onboarding, and ongoing administration.
DayMark Fund I includes a performance-weighted fee structure. Under the structure, carried interest is earned only after investors achieve a specified multiple on invested capital threshold, which was designed to promote alignment between DayMark and its clients.
DayMark was founded in 2022 on the belief that independence creates greater opportunities for advisors and clients. The firm serves affluent families, executives, and business owners through eight offices nationwide and provides comprehensive financial planning, investment management, and estate planning services.
DayMark is headquartered in Cincinnati, Ohio, and has pursued strategic growth through acquisitions in key markets across Illinois, Ohio, Connecticut, Florida, and Utah.
Opto provides a platform for allocators to build, execute, and service white-labeled private investment vehicles, ranging from single-asset feeders to diversified fund programs. The company was founded by Joe Lonsdale and is backed by investors including 8VC and Michael Dell’s DFO Management.
KEY QUOTES:
“At DayMark, we lead with a point of view, not a product, and that philosophy is shared by Opto and reflected in this fund. Private markets have become an increasingly important allocation for the multigenerational families and business owners we serve, but building a program that is both highly selective and scalable requires deep sourcing, rigorous due diligence and strong operational support. Opto brings that combination to our private markets program, along with a collaborative approach that aligns with how we operate as a firm.”
Robert Prangley II, Founding Partner at DayMark Wealth Partners
“DayMark identified a need for a private markets program tailored to its client base. We are proud to have supported the sourcing, diligence and execution of DayMark Fund I, and we look forward to building alongside the DayMark team as they expand their private markets offering.”
Nick Gerace, Senior Director at Opto Investments
