Allocate Names Matt Dunn as CRO to Scale Private Markets Operating System

Quick Summary

Allocate has appointed Matt Dunn as Chief Revenue Officer to scale its private markets infrastructure. As wealth managers increasingly seek modern investment platforms, Allocate has grown to support 375+ firms and $4.8 billion in assets, positioning itself as the primary operating system for private asset management.

How is Allocate Scaling its Private Markets Infrastructure?

Private markets infrastructure is undergoing a digital transformation as wealth advisors move away from manual processes. Allocate is positioning itself at the center of this shift by expanding its executive leadership team and technical capabilities. The firm has successfully built a network that now includes:

• Over 375 wealth advisory firms utilizing the platform.
• Relationships with more than 1,500 asset managers.
• Total platform assets exceeding $4.8 billion USD.

By appointing Matt Dunn, a veteran of PIMCO and Morgan Stanley, the company aims to accelerate its go-to-market strategy. This expansion ensures that the infrastructure layer connecting advisors and investors remains robust as demand for private equity and venture capital access grows within the wealth channel.

What Role Does AI Play in Modern Wealth Management?

Artificial intelligence integration is becoming a cornerstone of Allocate's product roadmap. The company recently named Jon Gaudette as Head of AI to lead the embedding of machine learning across the investment lifecycle. This focus on AI-driven investment management allows advisors to evaluate and manage complex private portfolios with higher efficiency and transparency.

"We're seeing a fundamental shift in how advisors access and manage private markets, and the demand for modern infrastructure continues to accelerate," said Samir Kaji, CEO and Co-Founder of Allocate. This shift requires automated data processing and intelligent sourcing tools to handle the massive influx of private market data that traditional systems cannot manage.

Why is Matt Dunn Joining as Chief Revenue Officer?

Strategic revenue leadership is critical for Allocate as it enters a hyper-growth phase. Matt Dunn brings deep expertise in scaling advisor-focused businesses, having previously served as an advisor to the firm. His background at Opto Investments and major global banks provides the institutional knowledge necessary to bridge the gap between traditional wealth management and modern private markets.

"Allocate is solving a real problem for advisors and fund managers at exactly the right moment," said Dunn. "The demand for a better way to access and manage private markets is accelerating, and the team here has built something genuinely differentiated. I'm excited to help expand Allocate's reach across the wealth channel and support this next phase of growth."

FF NEWS TAKE:

Allocate is clearly moving the needle by transitioning from a niche tool to a foundational private markets infrastructure provider. Reaching $4.8 billion in assets is a significant milestone that proves the wealth channel's appetite for private assets is no longer theoretical. By hiring heavy hitters from PIMCO and Morgan Stanley, Allocate is signaling to the industry that it has the institutional maturity to dominate the private market operating system category.