Allocate, a company developing an operating system for private market investing, has acquired the technology and platform assets of The Coterie, a fintech firm focused on improving efficiency and transparency in private markets for fund managers and their investors.
This asset acquisition supports Allocate’s objective to provide digital infrastructure for participants in private markets. Samir Kaji, CEO and Co-Founder of Allocate, stated that the acquisition marks a significant milestone for Allocate and the advancement of private markets. He emphasized Allocate’s commitment to delivering unified tools for investment management, administration, and access, aiming to enhance efficiency, transparency, and responsibility in private market investing.
Ethan Agarwal, CEO of The Coterie, noted that The Coterie was established to simplify and modernize private markets for limited partners (LPs) and general partners (GPs). He expressed optimism about The Coterie’s technology becoming part of Allocate’s platform and reaching a broader audience, viewing it as a step toward a more transparent, efficient, and accessible private market ecosystem.
The integration of The Coterie platform advances Allocate’s progress toward a unified platform designed to help wealth advisors, family offices, and investors access, manage, and oversee private investments more easily. The acquisition enhances Allocate’s capabilities in areas such as digital onboarding, fund administration, document management, capital call and distribution processing, and real-time reporting.
