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Sagewind Capital, Berenson Lead Acquisition Of The Athene Group

Sagewind Capital and Berenson Holdings announced today that they led the acquisition of The Athene Group, a software and services company serving the wealth management industry. As part of the transaction, Insight Venture Partners and Salesforce Ventures are participating as investors.

Athene provides a cloud-based product, Skience, to the wealth management industry, including broker-dealers and registered investment advisors.

“We are excited to partner with Athene, which is well positioned to capitalize on the enormous opportunities for technology providers in the wealth management industry,” said Steven Lefkowitz, Managing Partner of Sagewind. “Athene has developed industry-leading technology that creates significant time and resource savings for wealth advisors. We look forward to supporting the Athene team as they execute on their growth strategy, including investment in sales and marketing and the addition of new technological capabilities.”

Sanjeev Kumar, Founder and CEO of Athene, and Kripa Shetty, Co-Founder and Chief Operating Officer, will continue in their current roles.

“Sanjeev, co-founder Kripa Shetty and the talented team at Athene have built Skience, the industry’s preeminent wealth advisor desktop, using subject matter expertise and relationships built over decades,” said Mohammed Ansari, Managing Director of Berenson. “Mike brings a strong track record of building client service and go-to-market teams to deliver transformative results for enterprise clients. We are delighted to be a part of the next chapter of Athene’s growth.”

Financial terms of the transaction were not disclosed.