The Venture Codex

Participated · Series D · Jul 2026

CAIS offers a technology platform that manages the full lifecycle of alternative investments for independent wealth advisors, including product evaluation, execution and post-trade administration. The company has integrated AI into its advisor workflow, including an AI research assistant called CAISey that leverages Anthropic’s Claude model. CAIS serves more than 2,500 wealth management firms representing over 65,000 financial advisors who collectively oversee approximately $8.5 trillion in client assets. Operational momentum includes a three-year organic revenue compound annual growth rate of 37%, and in the first half of 2026 transaction volume rose 53% year over year while total platform assets increased 55%. Since 2025 the company added over 425 registered investment advisers and independent broker-dealers representing more than $1.8 trillion in assets. CAIS has been actively expanding integrations with custodians and partners and invested heavily in product development, releasing more than 150 technology enhancements in the first half of 2026. The firm also runs advisor education initiatives such as CAIS Live and the CAIS IQ digital platform, which has generated over 400,000 digital engagements.

Participated · Series B · Feb 2025

73 Strings is an AI-powered financial intelligence platform that extracts, standardizes and monitors private capital data to enable valuations and portfolio monitoring for alternative asset managers. Its platform streamlines middle-office processes across private equity, growth equity, venture capital, infrastructure and private credit, enabling faster, higher-frequency valuations with enhanced transparency and data accuracy. Clients who manage nearly $10 trillion in assets use the platform, and the company has onboarded clients managing over USD 9 trillion in combined assets. The company plans to expand its product roadmap by building agentic AI systems with LLMs and adding benchmarking and predictive analytics, portfolio simulation tools, and advanced dashboards. Proceeds from the recent fundraise will be used to accelerate product development and innovation to unlock deeper intelligence and automate valuation workflows. Headquartered in Paris, 73 Strings operates globally with offices in New York, London, Toronto, Bengaluru and Riyadh and serves large alternative asset managers including Blackstone and Hamilton Lane. 73 Strings offers an AI-powered, integrated platform for data collection, portfolio monitoring, and automated valuations for the private capital industry. Its product helps funds move away from spreadsheets by structuring portfolio company data and running automated valuation processes to improve efficiency, risk management, and quality control. The company serves large multi-strategy alternative investment firms, pension funds, sovereign wealth funds, LPs and GPs across North America, Europe, and the Middle East, supporting Private Equity, Growth Equity, Venture Capital, and Private Credit strategies. Clients using the platform represent a combined assets under management of over USD 2 trillion and include firms such as Eurazeo and Sofina. 73 Strings is headquartered in Paris and maintains offices in New York, London, Toronto, and Bengaluru. The company plans to scale its product, engineering, and go-to-market teams using the new funding to meet rising demand in the alternatives industry.

Participated · Equity · Nov 2024

LogicMonitor sells software-as-a-service tools to monitor on-premises and cloud environments, positioning itself as a hybrid observability platform that provides operational visibility across data centers and the applications that run on them. The platform is powered in part by AI and aims to reduce troubleshooting and downtime for customers. Founded 16 years ago and based in Santa Barbara, California, the company has broadened from infrastructure performance monitoring to true hybrid observability. LogicMonitor reports roughly 100,000 users and says it has scaled over 650% since mid-2018. The company is owned by Vista Equity Partners (which acquired it in 2018) and remains under Vista’s control after the latest financing. LogicMonitor plans to use proceeds to explore strategic mergers and acquisitions, expand into new markets, and diversify its product suite into additional verticals and industries. LogicMonitor provides Infrastructure Monitoring as a Service, letting customers monitor on-premises and cloud infrastructure from a single interface. Launched in 2008, the company positions itself against traditional vendors while distinguishing its offering from application performance and log-analysis tools. CEO Kevin McGibben says LogicMonitor is focused on transforming the infrastructure performance monitoring market for complex and agile environments. The company reports fast growth and a disciplined cash profile, without a massive burn rate. Planned uses of capital include R&D and new products (with some announced in July) and potential acquisitions. It also has global expansion plans for North America and the EU this year and Asia/Pacific by 2017.

Participated · Equity · Nov 2024

Ruby Re is a Missouri-domiciled third-party life reinsurance company established as an insurance sidecar vehicle. The vehicle is positioned to provide asset-intensive reinsurance capacity and to scale those capabilities as capital is deployed. RGA announced the platform and continues to support it; RGA executives framed the raise as validation of the strategy and track record. The company has now raised a total of $480 million in committed capital, near the top of its $400M–$500M target range. Investors include institutional and specialist insurance investors who committed in an initial close and a second round of capital. AllianceBernstein appointed a member to Ruby Re’s board following its commitment, signaling investor governance involvement. Ruby Reinsurance Company is a Missouri-based third-party life reinsurance company focused on the US asset-intensive business. Its business model reinsures transactions from Reinsurance Group of America (RGA) without directly engaging with clients. Ruby Re completed an initial funding round securing equity capital commitments from Golub Capital, Hudson Structured Capital Management Ltd. (operating as HSCM Bermuda), and Sammons Financial Group. RGA plans to retrocede an existing block of liabilities worth $2.5 billion to Ruby Re and will cede a quota share of future qualifying business, subject to underwriting standards and regulatory approvals. Jefferies served as financial advisor and Oliver Wyman provided actuarial support; Latham & Watkins advised RGA and Sidley Austin represented the lead investors. RGA describes the vehicle as alternative capital that expands its capacity on attractive terms for clients, shareholders, and Ruby investors.

Led · Equity · Jun 2024

Nassau Financial Group offers fixed annuities and asset management through its insurance subsidiaries. The company plans to use fresh capital to support organic growth and acquisitions and to further strengthen its balance sheet. As part of a strategic partnership, Golub Capital will provide access to middle-market direct lending strategies via a long-term investment management agreement for Nassau’s insurance subsidiaries. Nassau has prior minority investments from Fortress Investment Group (2023) and from Wilton Reassurance Company and Stone Point Credit (2021); Golden Gate Capital provided initial and subsequent growth capital and remains the majority controlling equity holder. The partnership with Golub is intended to expand Nassau’s balance-sheet investment capabilities and support continued growth. The transaction is expected to close in the second half of 2024 and is subject to customary closing conditions, including regulatory approvals. Nassau Financial Group is a diversified life insurance and asset management company operating across insurance, reinsurance, distribution and asset management segments. Founded in 2015 and based in Hartford, Conn., the company reported combined assets of $26.9 billion, capital of $1.1 billion and annual sales of approximately $600 million. Nassau has grown through acquisitions — including Foresters Life Insurance and Annuity Company — and expanded third‑party AUM to approximately $4 billion while establishing a U.K.-based investment management business. Over the last year it increased fixed annuity sales by 13% (while the industry declined about 15%), built direct-to-consumer and mobile annuity applications, and expanded its Nassau Re/Imagine insurtech incubator. The company intends to use new capital to execute organic growth plans across its insurance and asset management businesses and to support strategic acquisitions. Golden Gate Capital remains the majority controlling shareholder after providing the company’s initial and subsequent growth capital.