Due Diligence Platform Alts Fund LINK Secures Partnership With Concorde
Alts sponsors and funds must go through rigorous due diligence at the broker-dealer and registered investment adviser levels before being offered to clients. The chief executive officer and founder of Alts Fund LINK – a recently launched due diligence analytics platform and marketplace for alternative assets – sought to address a gap, particularly for middle-market and private placement sponsors unavailable on other platforms but looking for a way to be seen and objectively evaluated.
“Alts due diligence is vital but not glamorous, so no one paid attention to making the process better,” said Mike Faciana, Alts Fund LINK founder.
“In consulting with multiple due diligence officers while designing the platform, we learned … [they] want streamlined data access and presentation in a logical and standardized format, as well as more data transparency. Our platform makes their job easier and more efficient,” said Faciana, a 25-year veteran of alternative investments distribution.
The Alts Fund LINK Marketplace debuted in January 2024, offering 15 filters to sort across 80 data points and allow for side-by-side comparison. Nothing can be bought on the site, as that’s not the point.
“I’m presenting and not trying to hide stuff. It’s up to a sponsor whether they want to be on the site and share all their information in our transparent way,” said Faciana.
As regulatory agency compliance is of utmost importance to its clients, Alts Fund LINK also serves as a broker-dealer/RIA process and procedure technology, following Regulation BI Care Obligation and Duty of Care guidance and recommended best practices by the U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority.
Alts Fund LINK currently features four sponsors on the platform, with six more on the way, according to Faciana.
In a move Faciana hopes others take, Concorde Investment Services is encouraging their sponsors to be on Alts Fund LINK. The collaboration is set to enhance the investment research and selection experience for Concorde’s financial advisers by providing comprehensive and transparent fund data access to thoroughly vetted alternative asset opportunities. Concorde – a broker-dealer offering a wide range of financial services, including investment banking, advisory, and wealth management – said the alliance will facilitate more efficient investment processes, bolster due diligence capabilities, and ensure adherence to the highest standards of regulatory compliance.
“We are thrilled to join forces with Alts Fund LINK. This partnership underscores our commitment to providing our partners with the best technology tools and resources available,” said Danielle Delongchamp, CEO of Concorde Investment Services.
According to Concorde, the integration of Alts Fund LINK’s platform with Concorde’s existing systems aims to reduce the administrative burden on advisers, allowing them to focus more on client engagement and strategy development, and ensuring access to a diverse range of alternative investment opportunities.
“By integrating Alts Fund LINK’s cutting-edge due diligence platform, we can offer a more efficient and transparent investment selection process, ultimately enhancing the value we provide to our stakeholders,” added Delongchamp.
“Collaborating with Concorde Investment Services marks a significant milestone for Alts Fund LINK. … Together, we can deliver a superior adviser investment selection experience, characterized by thorough vetting, transparency, and regulatory adherence,” said Faciana.
Click here to visit AltsWire directory page.
