Callan announces partnership with alternative investment tech firm

Investment consulting firm Callan has announced a partnership with Proteus LLC, an alternative investment technology firm based in Indianapolis, Indiana. Through the partnership, Callan will offer alternatives due diligence services to Proteus, streamlining approval of funds.

"It's a win-win for advisers and family offices," Eric Davison, director of Callan’s independent adviser group, said. "Not only will they get access to a platform of well-vetted offerings at favorable account minimums and terms, but Proteus' technology platform brings significant efficiencies in accessing, subscribing to, and administering both individual and firm-wide private investment programs.”

Alternative investments are investments that do not fall into conventional categories such as stocks, bonds, and cash. They include private equity, hedge funds, venture capital, managed futures, and arts and antiques. Because alternative investments are not highly regulated – and are often risky – they are commonly held by institutional investors or individuals of high net worth.  

Platforms such as that offered by Proteus can help individuals and organizations make better decisions in alternative investments, lessening risk and offering clear overviews. In particular, Proteus offers preapproved investment opportunities with reduced minimums, negotiated fees, and enhanced liquidity for accredited and qualified investors. Platform users also make use of portfolio and liquidity management tools.

"This relationship allows Callan to further leverage our alternatives research and positively differentiate our services," Pete Keliuotis, Callan’s head of alternatives consulting, said.

By combining Callan’s due diligence with Proteus’s platform, Proteus’s clients will be given access to previously unavailable alternative investments. Proteus offers its services to investment advisory firms, providing an end-to-end solution that includes sourcing and manager due diligence, administration, and portfolio construction and modelling.

"We're thrilled to partner with such a prestigious industry player as we embark on a new era for the alternatives investment space," Eric Knauss, Proteus CEO, said. "It is exciting to have the industry leadership of the Callan team as we move forward."

Callan was founded in 1973 and advises on $2.4 trillion. It operates out of six offices through the US.