Since 2017, RealBlocks has been using technology to provide its clients with easier access to alternative investment options. The firm positions its platform as “Global Infrastructure as a Service for Investment Capital” to alternative investment funds spanning private equity and credit across: real estate, venture capital, buyout, infrastructure, timber, farmland and hedge funds represent over $9.5 Trillion in AUM globally. The startup, aimed at institutional investors, family offices, financial intermediaries and alternative investment managers, connects investors with investment strategies that have enhanced liquidity levels and simplified administration, otherwise known as Open Alts. Real Estate and alternative investment fund managers can use the firm’s technology and feeder fund solutions to multiply revenue streams and offer their customers more diversified products on a global scale.
In November 2019, the company announced a partnership with Phoenix American Financial Services to allow for a fully integrated suite of services including back-office support to compliment its broker/dealer (North Capital Private Securities), custody (Prime Trust), US based legal (Latham & Watkins), Cayman based legal (Carey Olsen) and compliance (IdentityMind) partners. RealBlocks has also established relationships with a broad array of global distribution partners to provide its clients with customized third party distribution and placement agent services. RealBlocks will have its own Registered Investment Advisor, RealBlocks Investment Advisors later in 2020.
RealBlocks’ value proposition is to serve as a technology-enhanced feeder-fund platform that enables rapid, global distribution for real estate and alternative fund managers and investment advisors. We do this through:
- automated client on-boarding and regulatory compliance
- offering secondary market liquidity through our fully integrated bulletin board
- white-label customization of the platform to meet the sponsor and/or the advisor’s needs
The RealBlocks’ platform is one of the only alternative investment platforms that combines global distribution capability, integrated secondary trading, highly efficient on-boarding and compliance into a turn-key package for alternative investment managers to rapidly expand their business. Some of the US focused feeder fund providers that compete with RealBlocks are iCapital, CAIS and Artivest which have AUM of over $50 billion. The opportunity for RealBlocks to grow in excess of these organizations is based on the strong combination of global distribution and scaleable secondary trading for these previously illiquid fund units. The RealBlocks pipeline includes some of the world’s largest real estate and alternative asset managers and the firm is anticipating on-boarding a few of these managers during the first half of 2020.
RealBlocks has also completed successful angel and seed round financings of over $3.5 million to date with recognized venture capital firms including Morgan Creek, Science, ULU Ventures, Cross Culture VC, Chain Logic VC,Blockchain K2, and Zelkova Ventures. The firm is led by CEO, Perrin Quarshie and his leadership team of Scott Brooks, Head of Distribution, Matt Grierson, CTO and Head of Product Management and Naman Srivastava, VP of Finance. The team has extensive background in asset management and technology with leading firms including JPMorgan, RREEF, SEI Investments, NAC, Bluehawk, OppenheimerFunds and BNY Mellon.