AltComply gives RIAs the infrastructure needed to scale diligence and preserve investment judgment across teams, time, and scrutiny, while eliminating 10+ hours of diligence work per investment.
Gridline, the end-to-end purpose-built platform for private market investing in the wealth management, announced the launch of AltComply, its AI-powered diligence suite designed to help Registered Investment Advisors (RIAs) scale private markets diligence without sacrificing judgment, defensibility, or speed.
Read More on Fintech : Global Fintech Interview with Baran Ozkan, co-founder & CEO of Flagright
“The prevailing narrative around AI has largely focused on speed and efficiency,” said Peter Bilali, Gridline’s Co-founder and Chief Product Officer. “But the next phase of adoption will be defined by trust.”
Unlike general-purpose AI tools or point solutions focused on a single step in the workflow, AltComply is designed to create a persistent diligence record that connects risk analysis, memo generation, and review tracking in one system. AltComply turns private fund documents, including pitch decks, Limited Partnership Agreements (LPAs,) and Private Placement Memorandums (PPMs,) into a structured record linked to original source materials. It generates IC memos in minutes, surfaces red flags, and tracks review status in a centralized system, resulting in faster evaluation and a defensible, repeatable process, enabling teams to evaluate significantly more fund opportunities and surface stronger investments. Based on beta user feedback, AltComply eliminates more than 10 hours of manual diligence work per investment, allowing teams to reallocate time toward higher-value analysis and a broader opportunity set, while maintaining a persistent diligence record across teams and over time.
“I’m the one primarily putting together memos and executive reports, and AltComply would save me hours on every investment,” noted Johnny Gibson, CFA, CMT, Chief Investment Officer and Executive Managing Director, Haven Private, a Florida-based RIA. “The output is more in depth than what I would normally produce on my own. But the real benefit goes beyond speed. It creates documentation that becomes part of our ongoing process, not just a one-time output.”
As private markets become mainstream within wealth management, advisory firms are managing rising fund opportunity flow alongside higher expectations for documentation and oversight. According to Advisor 360’s 2026 Connected Wealth Report, only 23% of advisors say they are confident their current AI tools meet compliance standards. As firms scale private markets exposure, they need efficient diligence systems that withstand audit.
AltComply creates a centralized, source-linked system of record for private markets diligence. It preserves investment rationale in a format that can withstand internal review, regulatory scrutiny, and client examination long after a fund is approved.
“The prevailing narrative around AI has largely focused on speed and efficiency,” said Peter Bilali, Gridline’s Co-founder and Chief Product Officer. “But the next phase of adoption will be defined by trust. Advisors need systems they can stand behind in front of clients and regulators. AltComply is built to preserve records, transparency, and accountability in every investment decision.”
Catch more Fintech Insights : Real-Time Payments and the Redefinition Of Global Liquidity
[To share your insights with us, please write to psen@itechseries.com ]
