Matt Osborne, the co-founder of Altegris and chief investment officer of Artivest, has formed a partnership with Continuum Capital Managers, to purchase alternative investment firm Altegris and its related assets from Artivest, including the mutual fund and commodity pool businesses. Financial terms of the transaction, which is anticipated to close late in 2020, were not disclosed.
Osborne and Continuum plan to re-establish Altegris as an independent company. The company’s platform currently includes the Altegris AACA Opportunistic Real Estate Fund (RAAIX), the Altegris Futures Evolution Strategy Fund (EVOIX); and two privately offered commodity pools. Altegris plans to focus on public and registered alternative offerings including acquisition opportunities alongside new product launches.
Upon closing, the newly-independent Altegris will initially manage approximately $800 million in assets. Osborne will lead the firm as chief executive officer and CIO alongside a management team of former Artivest and Altegris employees.
In May 2020, iCapital Network, a financial technology platform focused on alternative investments, agreed to purchase Artivest’s private funds and technology platform for an undisclosed sum.
Continuum Capital invests in companies in the asset management industry and has completed seven transactions with more than $15 billion in assets. Past and present affiliate partners include Osmosis Investment Management, Destra Capital Management, DirectIndex, Athena Capital Advisors and Cadence Capital Management.