Core Insights - Bill Crager, former CEO of Envestnet, has joined iAltA Holdings as a founding partner, marking his return to the private markets infrastructure sector [1][3] - iAltA Holdings was launched in May 2025 with initial funding of $20 million, aiming to unify private market systems through a digital infrastructure [2] - The company has introduced the iAltA Private Markets platform to assist General Partners in executing transactions and managing cash movements [2] Company Developments - iAltA Holdings is co-founded by notable industry figures including Laurence Tosi, Scott Ganeles, and Bill Sherman, all of whom have significant experience in private equity and technology [3] - Under Crager's leadership, Envestnet grew to manage $5.4 trillion in client assets and served over 107,000 advisors, focusing on various financial services [5] - Envestnet faced challenges including disputes with activist shareholders and layoffs, ultimately becoming a private company after Bain Capital's acquisition for approximately $4.5 billion [4]