GLASfunds, a turnkey alternative investment platform and alternative asset management firm, announces today it will acquire Fund Formation Group (“FFG”), a Texas-based firm launching and operating fund structures for RIAs and wealth advisors.
Founded in 2009, GLASfunds is one of the leading tech-enabled platforms providing investors with secure and streamlined digital access to institutional-quality alternative investment opportunities and asset management oversight.
As part of the acquisition, GLASfunds will now service FFG’s clients with their full suite of private market investing and technology resources, enabling them to deploy custom alternative investments with greater scale and efficiency.
“We saw a real opportunity to amplify the great work Fund Formation Group was already doing for this particular group of RIAs, who were looking to access alternatives in a highly customized way,” said Michael Maroon Jr., Managing Director at GLASfunds. “We’re thrilled about the chance to offer these firms our end-to-end private market solution, and we believe Tom [Haynes, CEO of FFG] will be a tremendous asset to the GLASfunds team.”
When the acquisition is finalized, likely in early October, Haynes will join GLASfunds as Director of Business Development. GLASfunds clients will benefit from Haynes’ deep alternatives expertise, as well as from GLASfunds’ expanded presence in the Dallas, Texas area.
“GLASfunds is democratizing alternative investing for RIAs by making it efficient, streamlined, and scalable, which enables more powerful outcomes for their clients,” said Haynes. “I’m excited to join this innovative, forward-thinking team and to help further their mission of empowering financial advisors to pursue global private investing with ease and simplicity.”