iAltA Holdings, a WestCap-backed private markets infrastructure company, announced that it has acquired Delio, a provider of white-label operating systems for private markets distribution and reporting.
Delio delivers operating systems and investment structures that enable asset managers, wealth firms and other distributors to digitize, distribute and report on private market products. Its Delio Core OS uses configurable, low-code tools and modules designed to streamline the technologies and workflows required to deliver a digital client experience in alternative investing. iAltA said the acquisition adds to its expanding suite of private markets solutions.
Trusted by more than 50 global financial institutions across 18 regulatory jurisdictions, Delio’s infrastructure supports more than 12,000 end clients worldwide. The company positions itself as an industry utility for digital private markets capabilities as demand for alternatives continues to grow.
The acquisition marks the third deal within iAltA’s Private Markets vertical, which focuses on enabling asset managers and distributors to transact more dynamically, engage efficiently with investors, streamline fund operations and leverage data-driven decision-making. In 2025, iAltA acquired Verivend and Betterfront. Earlier this year, the company also announced that its Wealth-focused vertical acquired BridgeFT.
Launched in 2025 by founding partners Scott Ganeles, Bill Sherman, Bill Crager and Laurence Tosi, iAltA operates under a holding company structure that combines shared capabilities with foundational technologies and strategic partnerships. Each subsidiary operates independently while contributing to a unified digital ecosystem.
KEY QUOTES:
“We founded iAltA because we saw a tremendous market need to solve systemic issues within the private market landscape for general partners and distributors. Delio has emerged as a digital infrastructure provider of choice for financial institutions seeking to integrate alternatives into their offerings while maintaining control over client experience.”
Scott Ganeles, Chief Executive Officer and Founding Partner of iAltA
“Private markets have seen tremendous growth over the past few years, but the infrastructure has not kept up the demand for access and offerings. iAltA is our ideal partner since both our organizations were founded on the principle that the markets need more seamless and effective solutions to meet the challenges of demand. This partnership will increase both our reach and our impact.”
Gareth Lewis, Founder and Co-Chief Executive Officer of Delio
