Assure works with thousands of fund managers to raise capital for angel and private asset investments through special purpose vehicles (SPVs). Assure's fast and affordable SPVs decrease traditional administration costs by over 90%. As SPVs become an increasingly popular way to raise capital for a single investment through multiple sources, this partnership with Alto opens up a new funding source for deal sponsors by allowing IRA capital into their deals.
"The majority of household investable assets today are held in retirement accounts, and the growth in IRAs is expected to continue to outpace other retirement account types," said
IRAs have become a powerful investment funding source for many reasons, including their significant tax benefits and opportunity for duration matching. Alto simplifies the process by allowing deal sponsors to accept IRA capital with just a few clicks through its 100% online experience. Additionally, Alto offers lower IRA fees for investors with transparent pricing and no commissions.
"At Assure, our goal is to enable organizers to do what they do best—find deals and build relationships. We do this by offering SPVs that simplify the deal process and fund administration, and in doing so, reduce costs to fund managers and founders," said
Alto and Assure will be hosting a free webinar on
Alto is a
Assure is the pioneering, industry-leading provider of comprehensive structuring and administrative services for the syndicate and venture investment community. The company offers professional, high-quality services and innovative software that streamlines setting up, closing and managing back-office fund administration for angel and private asset investing. Assure's experience and volume significantly outpaces other fund administrators. The company's approach, which allows clients to structure and close deals faster, cheaper and with more transparency, helped pave the way for the ascendance of the "super angels," special purpose vehicles, micro VCs and syndicates. The company has worked with more than 1,300 clients, including
View original content to download multimedia:https://www.prnewswire.com/news-releases/alto-partners-with-assure-to-enable-investors-to-seamlessly-accept-ira-capital-to-fuel-private-funding-301371571.html