GeoWealth, a turnkey asset management platform (TAMP), has raised $38 million in a Series C funding round led by Apollo Global Management. This funding includes a convertible note investment from BlackRock, J.P. Morgan Asset Management, and Kayne Anderson Capital Advisors.
GeoWealth and Apollo have formed a strategic partnership to provide registered investment advisors (RIAs) with customizable public-private model portfolios. The collaboration will integrate GeoWealth’s unified managed account (UMA) technology with Apollo’s private market offerings, enabling the creation of more efficient multi-asset portfolios.
The funds will strengthen GeoWealth’s UMA capabilities, supporting product development and team expansion to meet growing client demand. Additionally, GeoWealth has acquired the TAMP assets from Freedom Advisors as part of this funding round.
Paul, Weiss, Rifkind, Wharton & Garrison served as legal counsel to Apollo. Baker & McKenzie and Depew Gillen Rathbun & McInteer served as legal counsel to GeoWealth.
KEY QUOTES:
“With Apollo joining as a strategic investor and partner, we’re accelerating our commitment to building unified public-private model portfolios and supporting advisors with the flexible technology, investment choice and resources they need to deliver customized solutions. Advisors are seeking turnkey access to private markets, and our tech-enabled implementation platform will allow them to run a models-based practice with the flexibility and breadth to meet complex client needs.”
Colin Falls, Chief Executive Officer of GeoWealth
“Investors are increasingly looking beyond public markets for greater diversification and differentiated returns. To meet this demand, Apollo is deeply committed to expanding access to institutional-quality private markets solutions and backing the leading technology reducing friction from the process. Together with GeoWealth, we will empower RIAs to build modern portfolios that seamlessly integrate public and private strategies for their clients.”
Stephanie Drescher, Partner and Chief Client and Product Development Officer at Apollo
