Alaia Capital, a Darien, Conn.-based independent asset management firm focused on the next generation of defined outcome investment solutions, received a $5.5m strategic investment.
The round was led by Centana Growth Partners, a growth equity firm, with participation from ThirdStream Partners.
The company intends to use the funds to grow operations and broaden its product suite, which is marketed under m+ fundssm.
Led by Oscar Loynaz, Alaia Capital is an independent financial services firm focused on innovative and alternative investment solutions. Its m+ funds deliver customized ETF returns at a specified maturity date. These types of returns have traditionally been available through investments in structured notes or indexed annuities. However, like other 40 Act fund offerings, m+ funds are redeemable daily at NAV and are delivered through a fiduciary platform that allows shareholders to benefit from transparency and institutional price discovery, without corporate credit exposure.