Insight Partners and Adams Street Partners led a $112m Series D round in Altruist.

Insight Partners, a venture capital and private equity firm, and Adams Street Partners, a private equity firm, led a $112m Series D round in Altruist, a developer of a digital investment platform designed to help financial advisors serve their clients, with participation from Adams Street Partners, Bill McNabb, Ron Carson, and Marty Bicknell. "Altruist has quietly invested an immense amount of time and resources building a truly modern custodian for RIAs. A vertically integrated platform that puts clearing and custody at the core is a game changer for advisors. It’s a deeply technical problem at every level that the team has solved with an intuitive user experience that’s unlike anything the RIA industry has ever seen,” Jon Rosenbaum, Insight Partners Managing Director.