Transient.AI launched Caddie.AI RIA Prospecting for Hedge Fund Sales. Sales teams can ask in plain language for RIAs matching criteria such as city, AUM threshold and hedge fund allocation, and get back firms with CRD number, city, AUM and custodians taken from ADV filings, plus a map view and a filterable grid with export. Transient.AI states coverage of 11,986 RIAs, 2,717 of them pure RIAs, that it runs in the customer's own tenant with zero data retention, and that it is available on the Azure and AWS marketplaces.
Our readHedge fund sales teams increasingly target RIAs, and prospecting them means stitching together ADV filings by hand. Running in the customer's tenant with no retention is the detail that gets this past a vendor risk review. The data is public filings, so test recency: an ADV is a point in time document and an allocation flag can be a year stale.