iAltA Holdings, the WestCap-backed private markets startup, has announced the acquisition of BridgeFT, a wealth management technology infrastructure company.
Terms of the deal were not disclosed.
Founded in May 2025, iAlta’s biggest news to date was when Envesnet co-founder and former CEO Bill Crager joined the firm as a founding partner in October.
BridgeFT, founded in 2015, and initially known for its cloud-based performance reporting and fee billing, launched its WealthTech API in early 2023.
The API can provide aggregated access to financial data, analytics, as well as various applications from custodians, broker/dealers, correspondent clearing firms, prime brokers, banks, insurance carriers, asset managers, retirement plan providers, 401(k) recordkeepers and others. This represents, in total, more than 900 direct data partners, as well as an ecosystem of integration and developer partners.
“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,” said Crager in a prepared statement.
iAltA is building out digital infrastructure to bring together private market systems, having launched iAltA Private Markets in mid-2025. This platform is designed for general partners executing transactions and managing cash movements.
BridgeFT has received wealth management industry recognition as well, having won the Industry Disruptors award at the 2023 Wealth Management Industry Awards.
