LODAS Markets Taps Altigo Founder Dellorso, Ex-Phoenix American Exec Olivo
LODAS Markets, which operates a secondary marketplace and transfer agent platform for alternative investments, has hired Altigo founder Mat Dellorso and transfer agency veteran Tony Olivo to expand its marketplace and fund services businesses, the Overland Park, Kan.-based company said Nov. 10.
Dellorso joins as managing director. He will focus on growing the LODAS secondary marketplace and on bringing more investors, financial advisers, and fund managers onto it. Olivo joins as executive vice president of fund solutions. He will lead growth of the firm’s transfer agent business and help develop a fund administration offering. Both report to Brian King, LODAS founder and chief executive officer.
Dellorso co-founded WealthForge in 2009 and founded Altigo, an alternative investment technology platform, within WealthForge in 2019. SEI acquired Altigo in December 2023, and Dellorso spent the past three years as a managing director at SEI.
Olivo spent nearly 15 years at Phoenix American over two stints, from 2006 to 2017 and from 2020 to 2024, including as vice president of sales and director of business development. Between those stints, he was director of business development at PEF Services from 2017 to 2020.
King said both executives have built businesses and understand the challenges facing fund sponsors and investors. He said their hiring positions LODAS to bring its technology, which is designed to cover the alternative investment lifecycle from fundraising and investor servicing to liquidity, to more clients.
The hires follow LODAS’ role in an auction of Harrison Street Real Estate Fund shares from Aug. 28 to Sept. 23, run with Nasdaq Fund Secondaries and Harrison Street Private Wealth. The auction sold 91% of the shares offered, according to LODAS. The auction gave shareholders liquidity outside the interval fund’s scheduled repurchase windows — the fund had capped redemptions for 15 straight quarters — and the fund did not have to sell underlying assets, LODAS said.
In the auction, LODAS acted as broker, supplied trading, clearing, and settlement technology, and gave access to its investor network.
Dellorso said liquidity has long been one of the biggest challenges in alternative investments and that he will work to bring more participants to the LODAS marketplace. The Harrison Street auction, he said, “shows what’s possible when fund managers support additional liquidity options for their shareholders.”
Olivo’s role builds on a transfer agent business that LODAS launched in early 2024. In May 2025, Cantor Fitzgerald selected the LODAS transfer agent platform for 50 of its alternative investment funds. On the marketplace side, LODAS partnered with CAIS in October 2025 to bring secondary trading onto the CAIS adviser platform.
Olivo said he plans to help build an integrated fund administration offering alongside the transfer agent business for fund sponsors and their investors.
For more LODAS Markets news, visit its directory page.
