Published on 31 October 2025 🎃
Here’s what’s happened since our last update. Want to receive these updates via email? Sign up here.
🗓 Announcements
The full agenda is now live for the 3rd Annual FOTechHub Tech & Ops Conference, happening November 18–19, 10 AM–2 PM ET.
We’ve put a lot into building a program that’s worth your time. This year’s lineup brings together leading investors, seasoned operators, and some of the sharpest, most innovative minds in the field, including several firms mentioned below.
👉 View the agenda and register here
The event is free for family offices and advisors and includes exclusive family office peer discussions.
🤝 Partner Promotion
Modus covers a wide range of topics relevant to family offices, including original reporting on software and service providers. The newsletter has broken several key stories — from patent lawsuits and startup funding rounds to a private equity firm’s strategy following its acquisition of Archway.
Independent, original journalism that 1,600+ family-office professionals rely on. Free every Friday. Sign up.
Funding, M&A and Strategic Moves
Bridge Raises $5.1M to Disrupt Private Market Data Workflows
Bridge, founded by Alex Goodwin and Ayo Ekhator, has raised $5.1 million in seed funding led by Thicket Ventures, with backing from executives at firms including Morgan Stanley, Bain Capital, Dynasty, CD&R, and KKR. The company builds workflow automation software for private capital allocators, helping wealth managers, family offices, and institutions manage investments more efficiently. Bridge tackles what its founders call private capital’s “data problem,” where key investment details are buried deep in reports, making it hard for LPs to assess value and liquidity. The platform ingests and organizes these documents, with plans to use anonymized client data to create benchmarks once it has visibility into trillions in assets. It already supports around $150 billion across RIAs and multi-family offices.
From a family office perspective, Bridge is disrupting the space dominated by Canoe and Arch, with other firms like Mantle also advancing in automating private-market data and reporting. Positioned as the first AI-native system for alternative investments, Bridge aims to replace spreadsheets and manual workflows while also reshaping traditional entry-level roles in finance as automation takes over data-heavy tasks — or as Axios put it, "private equity is funding its own disruption".
Solovis Spins Out From Nasdaq With Insight Partners and ST6 Backing
Solovis announced the completion of its sale to Insight Partners, marking a new phase of growth as an independent company supported by the software operating group ST6. The firm plans to grow its multi-asset investment analytics platform, which serves asset owners, family offices, and institutional investors managing over $1 trillion in combined assets. Mark Friedman, Managing Director at ST6, will serve as Executive Chairman to help guide this next phase. Solovis will focus on integrating public and private market data, using AI to automate reporting, and expanding through both product development and acquisitions.
Bill Crager Returns with New Role at iAltA
As reported by Citywire, former Envestnet CEO Bill Crager has joined iAltA Holdings as a founding partner. The startup, launched in May with $20 million in funding from WestCap Group, aims to make private market investing more efficient and better connected.
Crager joins CEO Scott Ganeles and President Bill Sherman to help scale the company, which plans to acquire other tech firms and build strategic partnerships as it grows. iAltA provides tools for cash flow management, data organization, and investor services across the private markets space. This marks Crager’s first new role since leaving Envestnet in January 2024, prior to its $4.5 billion sale to Bain Capital.
F2 Strategy Buys HBMJ Consulting to Grow in Alternatives
F2 Strategy has bought HBMJ Consulting, a small advisory firm that works with hedge funds, private credit, and other alternative investments. The move helps F2 expand its services in this fast-growing area, adding skills in data management, fund accounting, and back-office technology. HBMJ’s founder Dan Hunter and his team will join F2, which plans to build a stronger platform serving both traditional and alternative investment firms.
This is F2’s fifth acquisition since receiving a majority investment from Renovus Capital Partners in June 2023, following the purchases of Oakbrook Solutions, SKY Marketing, MD Solutions, and Aliter. The move continues F2’s strategy of expanding both vertically and horizontally to deliver broader value across financial services.
Partnerships, Integrations & Product Updates
Arch and Archway Group Form Strategic Partnership
Arch and Archway Group have partnered to connect Arch’s private markets data platform with Archway’s established accounting and reporting system. The goal is to give advisors and family offices a unified view of both public and private investments. The integrated solution is being rolled out to joint clients in beta and is expected to launch fully in Q4 2025.
This is a significant win for Arch, as Archway has worked with Canoe Intelligence — one of Arch’s main competitors — since 2020, deepening that partnership several times to automate alternative investment data. The new collaboration reflects strong client demand for broader integration options and gives Arch valuable access to Archway’s extensive family office client base, strengthening its position in the fast-growing alternatives data market. Archway supports nearly 600 ultra-high-net-worth families— including 10 of the 25 wealthiest in the U.S. — and tracks more than $750 billion across portfolios, trusts, and operating entities.
Masttro Launches Masttro Intelligence
Masttro has launched Masttro Intelligence, a new AI tool built to help family offices and institutions manage wealth. Developed over three years, the system uses natural language processing and multiple AI agents to collect and classify documents, extract and map key data, and answer portfolio questions in plain language. The system supports documents such as K-1s, partnership agreements, trust deeds, financial statements, capital call notices, insurance policies, and private-markets packets, turning them into insights simply by talking. Currently available modules include the previously launched Documents AI, Alternatives AI, and an Intelligence Assistant that works across every layer of the Masttro platform. The launch builds on Masttro’s recent partnerships with Canoe and Arch for alternatives documents processing.
Masttro Intelligence runs in a private AI system inside Masttro’s Swiss data centers. According to the firm, clients keep full control of their data, which stays separate and protected at all times. The system doesn’t use client data for training, and all encryption keys belong to the client. Early users, including Jefferson River Capital, say the tool has cut down manual work and improved how they focus on strategy and decision-making.
→ See a demo of Masttro Intelligence with Co-Founder Domingo Viesca at our conference (18 Nov).
More from Arch: Now Integrates with Schwab to Unify K-1 and 1099 Tax Reporting
Arch expanded its tax-reporting capabilities through a new integration with Schwab Advisor Services, enabling automatic ingestion of Form 1099 data. Previously focused on K-1 collection for private markets, Arch’s solution now delivers a unified tax view across both alternative and brokerage assets. The enhancement aims to streamline workflows for ultra-high-net-worth investors, family offices, RIAs, and accountants by reducing document-chasing and better reporting accuracy.
Why we find this interesting: It signals convergence of alternative-investment reporting with mainstream asset-reporting workflows. Platforms are moving toward “one-stop” solutions to cover both private markets and traditional custodial data — a trend relevant for internal operations, tax / reporting workflows, and vendor ecosystem assessments.
Ramp Expands AI Capabilities with Launch of Agents for AP
Ramp has launched Agents for AP, an AI-powered feature in its Bill Pay platform that automates invoice coding, approvals, and payments with OCR technology. It learns from past vendor data, contracts, purchase orders, and approval patterns to code invoices with about 85% first-pass accuracy and suggest approvals automatically. Ramp reports that early users flagged more than $1 million in suspicious invoices within 90 days using its fraud detection tools. Bill Pay — Ramp’s fastest-growing product since its 2021 launch — has tripled payment volumes and doubled its customer base year over year. The launch follows Agents for Controllers and expands Ramp’s move toward fully automated finance operations.
Max and Addepar Team Up for a Clearer View of Cash
Cash-management platform Max has connected with Addepar, the portfolio-reporting system used by many wealth managers and family offices. The new link lets users see all client cash balances — even money held in outside bank accounts — directly within Addepar. This gives a more complete picture of total assets and makes it easier to manage liquidity across accounts.
Foundation Source Launches New Fiscal Sponsorship Platform
Foundation Source has introduced the FS Charitable Fund (FSCF), a new 501(c)(3) public charity that allows donors and small projects to operate under its nonprofit umbrella. The platform handles compliance, grants management, and reporting, letting families and individuals launch charitable initiatives without setting up a separate foundation. The move expands Foundation Source’s tech-enabled philanthropic services and offers family offices a faster, lower-cost way to pilot or manage giving programs.
People Moves
Asset Vantage Appoints Nicole Eberhardt as Managing Director for North America.
Asset Vantage, the India-based firm that combines an accounting engine with performance reporting for family offices and wealth owners, has appointed Nicole Eberhardt to lead its North American operations. Given her deep background in investment accounting-based software platforms and the strategic importance of the U.S. market, she could be a key asset as the company continues its global expansion. Nicole previously served as CEO of Ledgex, Founder and SVP at TKS Solutions (maker of Penny It Works®), and Director of Professional Services at SS&C Technologies.