Alto, a self-directed individual retirement account (IRA) platform, Passthrough, the investor onboarding and financial crime compliance platform for private funds, announced their partnership to expand access to IRA capital for private fund managers.
The firms say the collaboration addresses a growing opportunity in the retirement plan space: individual investors want to deploy retirement savings into private funds, while fund managers seek efficient ways to tap into this substantial capital source.
“Private fund managers have told us they want access to IRA capital, but the traditional process creates unnecessary complexity for both GPs and their LPs,” said Tim Flannery, CEO and co-founder of Passthrough. “Our partnership with Alto gives our fund manager customers a clear path to this growing investor base while maintaining the seamless onboarding experience their investors expect.”
“Private equity, venture capital, and other private funds represent a massive opportunity for individual investors to diversify retirement portfolios,” said Eric Satz, CEO and founder of Alto. “Passthrough’s specialized focus on investor onboarding and KYC/AML aligns perfectly with our mission to make alternative investing with retirement funds as accessible and user-friendly as investing in public markets.”
While Passthrough and Alto say they are exploring technology integration opportunities for the future, the immediate partnership focuses on education, best practices, and strategic collaboration to help fund managers raise capital from IRA investors.