iAltA Holdings, a private markets infrastructure company backed by the investment firm WestCap, said on January 9, 2026, that it had acquired BridgeFT, a provider of cloud-based data infrastructure for the wealth management industry.
Terms of the deal were not disclosed, WealthManagement.com reported. iAltA said it would bring BridgeFT's data aggregation and connectivity into its own platform as it builds tools for advisers who manage both public and private market investments.
The announcement did not say whether BridgeFT's brand or management would change. Dave Hagen, BridgeFT's chief commercial officer, said the two companies would together provide the industry with a normalised, scalable data foundation.
What BridgeFT built
BridgeFT was founded in 2015 and started out selling cloud-based performance reporting and fee billing software to investment advisers. In early 2023 it launched its WealthTech API, which it describes as the industry's first WealthTech-as-a-Service platform.
The API gives fintech developers and wealth firms one connection to financial data, analytics and application services that would otherwise require separate integrations with each custodian, portfolio system and back-office provider. According to WealthManagement.com, it connects to more than 900 direct data partners, including custodians, broker-dealers, banks, insurers, asset managers and 401(k) recordkeepers.
Its customers include financial institutions, fintech companies and registered investment advisers (RIAs), which use the data to power their own applications for advisers and clients. The data it handles covers the basics of a client's portfolio, such as positions, balances, holdings, transactions and performance. BridgeFT argues that inconsistent data standards and proprietary systems have forced firms to build and maintain costly custom integrations, and that a single API lets them spend that effort on their own products instead.
The WealthTech API won the Industry Disruptors award at the 2023 Wealth Management Industry Awards.
“This acquisition directly supports our mission to build a more connected wealth ecosystem, particularly as private markets become an increasingly important part of client portfolios. BridgeFT’s data infrastructure is a critical building block in that vision.”
Why iAltA is buying
iAltA describes itself as a private markets infrastructure company that builds platforms to connect fragmented workflows across the investment lifecycle. It was incubated and backed by WestCap. iAltA said the purchase would strengthen data connectivity across the wealth and private markets ecosystem. In mid-2025 it launched iAltA Private Markets, a platform for general partners to handle transactions and cash movements, WealthManagement.com reported.
Bill Crager, a founding partner of iAltA, co-founded Envestnet and was its chief executive. He said BridgeFT had helped the industry address the gap between fast-changing client needs and fragmented technology, and that the deal supported iAltA's goal of a more connected wealth ecosystem as private markets take up a larger share of client portfolios.
Hagen said iAltA was building the core data and intelligence infrastructure that wealth managers need to work across both public and private markets, and that BridgeFT had been built to solve the hardest data problems in the field.
The founders and the funding
Neither company disclosed BridgeFT's funding history, investors, revenue or headcount. The announcement also did not name BridgeFT's founders or its chief executive, and quoted only its chief commercial officer.
Over its roughly ten years in business, BridgeFT moved from selling software directly to advisory firms, in the form of reporting and billing tools, to selling data access to other software builders. Its API is aimed at fintech companies building applications for advisers as much as at the advisers themselves.
iAltA itself is young. WealthManagement.com reported that it was founded in May 2025 with WestCap's backing, and that Crager joined as a founding partner later that year.
What happens to customers
iAltA said BridgeFT's data infrastructure was a critical building block of its plans, and Hagen said the combined company would aim to deliver better advice, insights and outcomes across the wealth ecosystem. Because so many fintech applications depend on BridgeFT's connections to custodians and other data sources, continuity of the API is likely to be the main concern for its customers. The announcement did not mention any changes to pricing, products or existing integrations for BridgeFT's API customers.
