Opto Investments emerges from Stealth with $ 145 million in Series A funding to unlock access to private markets for investment advisors and their clients

NEW YORK–(COMMERCIAL LINE) – Opto Investments (“Opto”), the technology-enabled private market access solution for independent investment advisors, announced today that it has emerged from stealth with $ 145 million in Series A funding. is led by co-founder and CEO Mark Machin, with co-founder Joe Lonsdale serving as president. The company operated covertly as “LIT”.

Tiger Global led the Series A round with the participation of 8VC, Michael Dell’s MSD Capital, Clocktower Ventures, FinVC, HOF Capital and others. Opto has already partnered with over 80 RIAs and will use the capital to secure investment opportunities for their clients, continue to scale their business and add to their 45-member team.

Provide access to the private market for investment advisors and their clients

The world is setting daunting challenges this decade and beyond. Our experience in Silicon Valley and the US innovation ecosystem is that well-funded entrepreneurs can solve these problems and create prosperity, “said President Joe Lonsdale, who is also the managing partner of 8VC.”I co-founded Opto with the best talents in the tech and financial world to open private markets to the best investment advisors and their global clients like never before and unlock new capital for the world’s greatest innovators who build for the future “.

Despite the growing role of alternatives in boosting the innovation economy, the vast majority of savings worldwide have little or no access to alternative assets, and the average wealth adviser has 0-4% of their portfolio in private investment. often due to lack of resources and efficient access. Private markets remain an untapped and growing opportunity, accounting for less than 10% of the overall size of public markets.

Opto has created a platform to help RIAs improve their practices with access to exclusive private market investments. Opto provides an intuitive framework for exploring the private market landscape, incorporating client goals and interests, understanding how well-considered family offices operate, and transforming information into actionable investments.

Co-founder and CEO Mark Machin said: “At CPP Investments, one of the largest owners of global assets, I have been privileged to have access to the best private investment opportunities in the world. These best private investment opportunities are rarely made available to individual investors; Opto’s mission is to change it. Our vision at Opto is to use technology and innovation to break down barriers and offer privileged access to our investment advisors and their clients. I am thrilled to be on this mission with my talented colleagues ”.

Opto simplifies investment operations and integrates with existing suppliers and technology. The platform manages the process from start to finish: from procurement, diligence and underwriting of funds; monitoring of positions, schedules of capital calls, at the service of investors and reporting. This allows investment advisors more time to focus on client results and revenue growth.

Veteran Leadership Team

Opto is led by a veteran leadership team with strong networks in the alternative investment industry.

Co-founder and CEO of Opto, Mark Machin was most recently President and CEO of CPP Investments, which manages over CAD 500 billion and is one of the largest private market investors in the world. Mark is also a member of the Government of Singapore Investment Corporation (GIC) International Advisory Board, Singapore’s Sovereign Wealth Fund and an advisor to its Portfolio Strategies Committee. He was also president of FCLT Global, a think tank founded to encourage capital markets to focus on long-term capital development.

Joe Lonsdale, President of Opto, is the Managing Partner of 8VC and the founder of companies such as Palantir, OpenGov and Addepar. Lonsdale served as CEO of Addepar, which now has over $ 4 trillion in reports across its wealth management technology platform, and remains the president of that company.

The remainder of Opto’s management team includes industry veterans from Addepar, Artivest, BlackRock, Bridgewater, CAIS, FS Investments, PIMCO and WP Carey.

About Opto Investments

Opto Investments offers independent investment advisors a total solution for accessing private market investments. Opto Investments’ platform connects investment advisors to managers with the best performing and a full suite of alternative capital tools to help attract clients, increase revenue and ensure their clients are able to access the best private investment opportunities possible.

For more information, visit the Opto Investments website and LinkedIn.

About 8VC

8VC is a leading technology and life science investment firm headquartered in Austin, Texas with offices in San Francisco and New York. 8VC collaborates with the best technologists in the world to create companies that create lasting value for the world.

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