iAltA Acquires Delio to Expand Digital Private Markets Infrastructure

Delio, a Cardiff-based provider of white-label private markets operating systems, has been acquired by iAltA Holdings, enhancing its digital infrastructure for asset managers and wealth firms, serving over 12,000 clients across 18 jurisdictions.

Delio, the leading provider of white-label operating systems for private markets distribution and reporting, has been acquired by iAltA Holdings, a New York-based private markets infrastructure company, the companies announced today.

Delio, based in Cardiff, provides the operating systems and investment structures that enable asset managers, wealth firms and other distributors to digitize, distribute, and report on private market products. Its Delio Core OS leverages configurable, low-code tools and modules to commoditize the technologies and workflows needed to deliver a marketleading digital client experience within alternative investing, making Delio an ideal addition to iAltA’s growing suite of solutions.  

“Private markets have seen tremendous growth over the past few years, but the infrastructure has not kept up the demand for access and offerings,” said Gareth Lewis, Founder and Co-Chief Executive Officer of Delio. “iAltA is our ideal partner since both our organizations were founded on the principle that the markets need more seamless and effective solutions to meet the challenges of demand. This partnership will increase both our reach and our impact.”  

Launched in 2025 by founding partners Scott Ganeles, Bill Sherman, Bill Crager and Laurence Tosi, iAltA has a unique holding structure that blends core shared capabilities with foundational technologies and strategic partnerships with industry leaders. Each subsidiary operates independently while collectively contributing to the holding company’s larger cross-functional strategy and unified digital ecosystem.  

“We founded iAltA because we saw a tremendous market need to solve systemic issues within the private market landscape for general partners and distributors,” said Scott Ganeles, Chief Executive Officer and Founding Partner of iAltA. “Delio has emerged as

a digital infrastructure provider of choice for financial institutions seeking to integrate alternatives into their offerings while maintaining control over client experience.” 

Trusted by more than 50 global financial institutions across 18 regulatory jurisdictions, Delio’s infrastructure supports overmore than 12,000 end clients worldwide, reinforcing its position as the leading industry utility for digital private markets capability. The company has been a cornerstone of fintech growth in Wales.

‘’Cardiff Council is delighted to have worked with the local Delio team to support their plans to create more business space in the centre of Cardiff,” said Councillor Russell Goodway, Cabinet Member for Investment and Development in Cardiff Council. Given the opportunity for expansion locally, Goodway said he hopes the acquisition “will lead to further growth in employment in the City and a strengthening of Cardiff’s leading role as a Fintech growth centre in Wales and the UK.”