Savvy Wealth Launches Venture-First Private Markets Program With Allocate

Savvy Wealth, which describes itself as an AI-native registered investment adviser for independent advisers, has launched a proprietary private markets program. Advisers on its platform can commit qualified-purchaser clients to a group of venture capital and growth equity managers through a single commitment, the company said Thursday.

Savvy built the multi-vintage program with Allocate, a private markets technology platform that Savvy said has $5.8 billion in platform assets and works with more than 400 advisory firms. The two firms will partner on manager selection and portfolio construction, and Savvy’s investment team will oversee manager due diligence, according to the company.

Savvy said later vintages are expected to add private equity, income-oriented strategies, and infrastructure. Only clients who meet the qualified purchaser definition under the Investment Company Act of 1940 can participate. For individuals, that generally means at least $5 million in investments, well above the accredited investor threshold that governs most Regulation D offerings.

Savvy said the program consolidates subscription, reporting, and tax documents and shows private holdings alongside the rest of a client’s portfolio on its platform. The company did not disclose minimum commitments, fees, the number of managers in the initial vintage, or the program’s legal structure.

“Clients read about private companies valued in the tens of billions that they’ve never had a chance to own, and they’re asking their advisors about it,” said Anshul Sharma, Savvy’s chief investment officer. “This program lets our advisors deliver that access, with rigorous manager selection and due diligence built in.”

Savvy had signaled the move for months. In June, the firm said it planned to offer proprietary alternative investment strategies on its platform, WealthManagement.com reported. When Savvy closed a $100 million Series C round led by Halo Fund in September, Sharma told the publication that his team was building out alternative investments, likely including private markets access.

For Allocate, the program is the latest in a string of wealth-channel distribution deals. Samir Kaji and Hana Yang founded the company to give advisers access to venture capital funds, and it has since expanded into white-label and operational infrastructure for wealth firms and asset managers. In July, VanEck used Allocate’s technology to launch its first wealth-focused private markets offering. Allocate is also a preferred provider of white-label private markets solutions for the Dynasty Financial Partners network. Allocate reported in August that it had passed $5 billion in platform assets across more than 375 advisory firms.

The Savvy program adds a venture-focused option to a growing set of packaged private markets solutions for the adviser channel. In January, BlackRock and Partners Group launched a multi-alternatives separately managed account on Morgan Stanley’s wealth platform. It wraps seven evergreen funds under a single subscription document.

Registered funds are approaching venture exposure from the opposite end, lowering minimums rather than limiting access to qualified purchasers. Bow River Capital’s private equity interval fund raised its venture allocation from 1% to 7% of the portfolio in the 12 months ended March 31, 2026, and cut its Class I minimum from $250,000 to $50,000.

Founded in 2021 by Ritik Malhotra, chief executive officer, Savvy Wealth is the technology parent of Savvy Advisors Inc., a U.S. Securities and Exchange Commission-registered investment adviser. Savvy Wealth reported $9 billion in client assets under management in September.

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