ALLOCATIONS ACQUIRES LUMEN ADVISORY & FINANCE IN $2.5M DEAL
Allocations, the world’s fastest and most powerful private equity and venture capital platform, announced today the acquisition of Salt Lake City-based Lumen Advisory and Finance. The deal, valued at $2.5m in cash and stock, brings Lumen’s accounting automation acumen into Allocations’ expanding suite of accessible private equity capabilities.
Allocations is building private equity 2.0 – shifting the reins of control from big VC to angel investors. The company has built an end-to-end platform for private equity products (SPVs, funds and soon M&A, SPACs and family offices), disrupting the $2.9 trillion US private equity market, and has processed over $280m in deal volume since 2019.
