NEW YORK, June 16, 2021 - Templum, Inc. ("Templum"), a provider of next-generation capital markets infrastructure for alternatives and private securities, announced it has closed a strategic financing round led by WestCap. WestCap's investment in Templum enables the technology company to expand on marketplace services for its growing list of global clientele and enhance liquidity for institutional and retail investors across the ecosystem. Templum and its wholly owned broker dealer subsidiary, Templum Markets LLC, deliver transparency and liquidity to investors and marketplaces with its frictionless, end-to-end white-label trading technology products, using its proprietary Alternative Trading System ("ATS") and brokerage solutions.

"The most recent investment from WestCap advances Templum's strategy to transform the alternative asset sector," said Templum CEO Christopher Pallotta. "Our innovative modular infrastructure powers marketplaces by offering fractionalized investing in alternative assets such as private equity, limited partnerships, real estate, collectibles, art, commodities, and debt products. We're seeing increasing appetite from investors for alternative assets and have experienced that first hand with our clients. The partnership with WestCap accelerates distribution and adoption of alternative assets with Templum as the underlying infrastructure."

The investment was led by Laurence Tosi, WestCap's founder and former CFO of Airbnb and Blackstone, and by Scott Ganeles, senior partner at WestCap, who will now join Templum's Board of Directors. As longtime partners, Tosi and Ganeles also co-founded iPreo, a leading capital markets fintech company acquired by IHS Markit. WestCap has been actively monitoring the alternative asset industry as investor allocation to alternatives has grown throughout shifting economic trends over the past year. Per research firm Preqin, the alternatives asset industry is projected to increase to $17.14 trillion AUM by 2025 as alternatives are expected to continue to outperform public markets and bring significant diversification benefits to an overall portfolio strategy.

"We're excited to partner with Templum as their proven technology and efficient marketplace removes the complexity in the alternative asset industry for capital markets participants," said Scott Ganeles. "Templum's streamlined solution is key to driving liquidity and transparency for alternative assets. Our investment in Templum expands access to the industry and positions WestCap, Templum, and their clients to capitalize on a space that is growing exponentially."For more information, please visit templuminc.com.

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About Templum

Enter the new frontier for private markets with Templum. As a solution partner, we provide full investment lifecycle technologies, automation, product access, and regulatory support configurable via white label, API, or hybrid deployments. The company’s offerings – Templum One Marketplace, Primary Issuance, Secondaries, and customizable “build-your-own” solutions – enable efficiencies in private market and alternative investment strategies for investment banks, broker-dealers, RIAs, wealth managers, fintechs, asset managers, issuers, and service providers. Templum equips firms to be successful by unifying the entire ecosystem and modernizing the underlying technology supporting it, enabling its partners to expand access to investment opportunities for a growing base of investors. The Company’s vision is to move capital markets forward, replacing the outdated infrastructure that has long constrained private market investing.

All securities offered by Templum Markets LLC, a wholly owned broker-dealer and Alternative Trading System (ATS) subsidiary of Templum, Inc. For more information, please visit https://www.templuminc.com

Templum Media

marketing@templuminc.com

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About WestCap Group

‍WestCap Group is a growth equity firm founded by Laurence A. Tosi, who, together with the WestCap Group team, has founded, capitalized, and operated tech-enabled, asset-light marketplaces for over 20 years. With over $2 billion of assets under management, WestCap Group has made notable investments in technology businesses such as Airbnb, StubHub, iPreo, Skillz, Sonder, Addepar, Hopper, iCapital and Bolt. To learn more about WestCap Group, please visit WestCap.com.

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