TSG Invest is the brand name of The Spaventa Group LLC, a multi-entity financial services holding company headquartered on Long Island, New York with offices in Jersey City and Old Bridge, New Jersey. Founded in 2020, TSG Invest was built on the conviction that accredited investors deserve access to institutional-quality opportunities in private markets and alternatives — paired with family office-style wealth management. Through its affiliated entities, TSG Invest provides investment advisory and wealth management services through TSG Alpha Partners LLC, an SEC-registered investment adviser; private placement access through TSG Capital Advisors LLC, a FINRA-registered broker-dealer and member of SIPC; insurance and risk planning through TSG Insurance Services LLC; and fund administration through TSG Fund Management. TSG Invest also created the Venture 50 Index and TSG Vault, a proprietary research and investor platform tracking approximately 50 of the world’s most prominent private companies. TSG Invest itself is the parent holding company and is not separately registered as an investment adviser or broker-dealer.
TSG Invest is the parent holding company — it does not provide investment advice or broker-dealer services directly. TSG Alpha Partners (TSGA) is our SEC-registered investment advisor, providing wealth management, portfolio management, and financial planning services. TSG Capital Advisors (TSGCA) is our FINRA-registered broker-dealer, facilitating private placement opportunities for accredited investors. TSG Insurance Services (TSGIS) is our licensed insurance agency, providing access to insurance and annuity products as part of a comprehensive financial strategy. Each entity operates under its own regulatory framework, and clients may work with one or more depending on their needs.
TSG Invest is a holding company and is not itself registered as an investment advisor, broker-dealer, or insurance agency. However, each of its operating affiliates is independently regulated: TSG Alpha Partners is registered with the SEC as a Registered Investment Advisor (RIA); TSG Capital Advisors is registered with FINRA as a broker-dealer; and TSG Insurance Services is a licensed insurance agency operating under applicable state insurance regulations. Clients engaging with TSG’s services do so through these regulated entities.
TSG Invest was founded by Drew Spaventa. The firm was built on the belief that individual investors deserve access to the same caliber of investment opportunities and advice historically reserved for institutions and ultra-high-net-worth families. That founding philosophy — that access and quality should not be mutually exclusive — remains central to how TSG operates today.
TSG Invest is headquartered in New York, with offices in New Jersey as well. We serve clients across the United States and internationally.
Wealth management services at TSG Invest are delivered through TSG Alpha Partners (TSGA), our SEC-registered investment advisor. TSGA takes a comprehensive, planning-first approach — beginning with a deep understanding of each client’s financial situation, goals, and time horizon before constructing an investment strategy. Investment Solutions include portfolio management, retirement planning, estate planning, tax planning, and risk management, as well as access to alternative investments not typically available through traditional advisory firms. Rather than applying a one-size-fits-all model, TSGA builds customized strategies designed to evolve alongside each client’s needs.
Yes. As an SEC-registered investment advisor, TSG Alpha Partners is held to a fiduciary standard — meaning we are legally and ethically obligated to act in your best interest at all times. This is a meaningful distinction. Not all financial professionals are fiduciaries; many operate under a suitability standard, which only requires that a recommendation be suitable for a client, not necessarily optimal. At TSG Alpha Partners, our fiduciary obligation shapes every recommendation we make, every portfolio we construct, and every conversation we have with clients.
We partner with Charles Schwab to provide secure custody of all client assets.
Yes. TSG Private Wealth is built around a family office-inspired model — providing accredited investors with coordinated wealth management, alternative investment access, estate planning integration, and proactive communication typically reserved for institutional or ultra-high-net-worth clients. Our goal is to deliver that level of service to a broader range of investors through a structured, scalable platform.
TSG Alpha Partners’ Private Wealth program is designed for investors with $1 million or more in investable assets. Our program is structured across four service tiers — Cornerstone, Apex, Legacy, and Dynasty — each offering a progressively deeper level of service, access, and customization as assets grow. We recommend speaking with an Advisor to determine which tier is the right fit for your situation.
A fee-only advisor is compensated exclusively by client fees — no commissions, no product incentives. A fee-based advisor may charge fees but can also earn commissions from the products they recommend, which can create potential conflicts of interest. TSG Alpha Partners operates as a fiduciary and charges an advisory fee based on assets under management. For specific fee information, we recommend speaking with an Advisor.
While our offices are based in New York and New Jersey, we successfully serve clients across the United States and internationally. We build strong relationships through regular video meetings, phone consultations, and email communications — with in-person visits available when needed. Your assets are held securely with Charles Schwab, one of the world’s leading custodial institutions, regardless of your location. Our full team of advisors is always accessible, and we provide the same level of comprehensive wealth management and portfolio oversight to every client, no matter where they reside.
The Venture 50 is TSG Invest’s proprietary private company index, tracking 50 of what we believe are the most significant venture-backed private companies in the market. Modeled as a base-100 index, it is designed to give investors a clear, data-driven view of private market performance — similar to how public indices track the stock market. It serves as both a research tool and a foundation for TSG’s investment selection process. Pricing within the Venture 50 is sourced quarterly from select unaffiliated secondary market platforms, accessed by TSG Invest through paid data subscriptions. It is important to understand that private company shares are considered Level 3 assets — meaning they are illiquid and inherently difficult to value. Pricing may vary substantially across platforms, funding rounds, fund marks, and other sources. The Venture 50 is intended to provide an independent, market-informed reference point, but investors should be aware that valuations in the private markets are not standardized and may differ meaningfully from figures seen elsewhere.
Companies in the Venture 50 are selected based on a multi-factor evaluation that includes valuation, estimated revenue trajectory, sector relevance, secondary market liquidity, and overall market significance. The index is rebalanced quarterly, with pricing derived from select unaffiliated secondary market platforms. It is designed to reflect what TSG believes are the most consequential private companies across key frontier sectors — including artificial intelligence, defense technology, fintech, space, and autonomous systems. The Venture 50 reflects TSG Invest’s independent research and conviction-based selection process. It is not intended to represent broader industry consensus, and inclusion in the index should not be interpreted as a recommendation to invest in any specific company. Investors should conduct their own due diligence before making any investment decisions.
The Venture 50 focuses on late-stage, venture-backed private companies that represent what we believe to be high-conviction opportunities across frontier sectors. Current constituents span artificial intelligence, autonomous vehicles, defense technology, financial technology, clean energy, and space infrastructure — companies that TSG believes are defining the next era of innovation. Company profiles and pricing data are available through TSG Vault.
TSG Vault is TSG Invest’s alternative investments platform, providing accredited investors with curated access to private market opportunities — including pre-IPO companies, venture-backed growth-stage businesses, and other alternative assets. TSG Vault is designed to be the centralized hub for clients seeking exposure beyond traditional public markets, with research, company profiles, and investment access in one place.
TSG Vault is available to accredited investors who are clients of TSG Invest’s affiliated entities. Existing clients can access TSG Vault directly through the TSG Client Center. If you are not yet a client, you can get started by visiting the Client Center to create an account — a Member Representative will follow up to verify your information and walk you through the next steps.
We understand that our clients demand more than just occasional check-ins from their investment professionals. We cultivate high-caliber, long-term relationships built on proactive communication tailored to your preferences. This commitment to exceptional relationship management ensures you’re always informed and engaged with your financial future.
TSG Alpha Partners (“TSGA”), our registered investment advisor, strives to be at the forefront of emerging trends in investment services and incorporates active management, portfolio creation, and new technologies to its approach to investment advice and planning. We are experts in the field of alternative investments, portfolio management, and strive to provide unique tailored solutions to our clients that they may not receive from other advisors. Most importantly, we prioritize our relationships and take pride in our team approach to client management. Many financial advisors prioritize profits over client outcomes, lack expertise in key areas, or avoid necessary changes due to fear of losing assets. Some focus on flashy investments without understanding hidden risks. In contrast, TSG Alpha offers client-centric, unbiased advice backed by deep market knowledge, including emerging assets. We provide hands-on portfolio management with clear communication and proactive decision-making. Our approach ensures personalized strategies that align with your evolving needs, delivering exceptional value through truly tailored financial guidance.
We partner with Charles Schwab to provide secure custody of all client assets.
Yes! Be cautious of individuals (Investment Advisor Representatives) who call themselves financial planners but seem more focused on selling specific financial products rather than addressing your unique needs and goals. Instead, seek a qualified financial planner who is ethically and morally bound to act in your best interests, known as a fiduciary. A fiduciary can help you address a wide range of financial needs.
While our physical offices are in New York and New Jersey, we successfully serve clients across the United States and internationally. We build strong relationships through regular video meetings via Zoom, phone consultations, email communications, and in-person visits when needed. Your assets remain secure with Charles Schwab, one of the world’s premier financial institutions (or something to that effect) , regardless of your location, and our full team of advisors is always available to meet your needs. With several personal methods of communication available, we provide comprehensive wealth management and professional portfolio management services no matter where you live (or, “no matter where our clients reside”).
You may lack the expertise, time, or desire to actively plan and manage certain financial aspects of your life, or perhaps you simply need help getting started. If this describes your situation, you could benefit greatly from an objective, third-party perspective on your financial plans. In today’s hectic world, having a financial planning expert help you stay focused and follow through with your financial strategies can be invaluable. At TSG Alpha, we take pride in our ability to work with you and assist you with these crucial life decisions.
No! The main goal of many Registered Investment Advisors is to SELL you an investment, whether it be a managed cookie-cutter investment portfolio or a life insurance product. They often simply ask you to complete a questionnaire that is inputted into a computer to generate an investment recommendation. In contrast, at TSG Alpha, we endeavor to know and understand your financial situation, goals, and objectives, as well as getting to know you personally. This allows us to create a customized financial plan first and then develop an investment plan to help you achieve the objectives outlined in the financial plan.
TSGA offers an extensive suite of programs and solutions, including comprehensive wealth management, retirement planning, estate planning, tax planning, asset management, portfolio management, and risk management.
TSGA employs a tiered fee structure based on assets under management (AUM) and the specific solutions provided to each client.
We suggest you schedule a complimentary consultation as a first step so we can learn more about each other.
We take pride in the wide range of assets available to our clients. Traditional assets offered include stocks, bonds, money market funds, annuities, and insurance products. Additionally, we provide access to alternative and unique investments such as venture capital, private equity, real estate, precious metals, and structured investments.
The industry term “Pre-IPO” refers to investments in private companies, often backed by venture capital, prior to their potential public offering (or other liquidity event). These companies are usually in the later stages of their venture capital lifecycle, having raised at least a Series C financing round. While this term is common in the industry, we prefer to avoid it as it may create a false impression that a company is certain to go public. It’s crucial to understand that even if a company is considered a “Pre-IPO” opportunity, there’s no guarantee it will ever go public or undergo another liquidity event, such as a merger or acquisition. The term can be misleading, as it doesn’t reflect the inherent uncertainties and various possible outcomes for private companies, regardless of their current funding stage or market position.
Investing in pre-IPO companies can be a potentially lucrative but high-risk venture. Several methods exist for investors to gain stakes in these companies before they go public. One approach involves utilizing secondary markets, which facilitate the buying and selling of shares from current shareholders, such as early employees or investors. Another option is to invest in venture capital funds that focus on pre-IPO companies. Additionally, some mutual funds and ETFs specialize in pre-IPO investments, offering yet another avenue for potential investors. It’s important to note that each method carries its own set of risks and potential rewards. Given the complex nature of these investments, individuals should carefully consider their options and conduct thorough research before pursuing pre-IPO opportunities.
Accessing pre-IPO shares is challenging for individual investors but possible through secondary markets, venture capital funds, networking, employment at pre-IPO companies, crowdfunding platforms, and late-stage private placements. However, these investments carry significant risks including limited information, lack of liquidity, and high volatility. Thorough research and possibly consulting a financial advisor are essential before pursuing pre-IPO investments.
Arriving at appropriate valuations for private companies involves several metrics and is more art than science, combining primary fundraising, secondary pricing, fund marks, financials, and public comparables. In primary financing rounds, companies raising money to fund operations strive to raise capital at higher valuations to limit dilution for existing shareholders. On the other hand, investors aim to invest at lower valuations so they can own a larger percentage of the company. Within the private market, there often exists a secondary market for certain companies, which can deviate, sometimes substantially, from the valuation set during a capital raise or Last Funding Round (“LFR”). Funds also mark their investments based on their own parameters, and some companies, depending on supply and demand, can see large fluctuations in secondary market valuations based on several factors, including the size of the investor’s investment and the time needed to acquire shares or interest. Depending on the opportunity, there can be a sizable difference between primary valuations, secondary valuations, fund marks, and public comparables. As such, investors should conduct their own due diligence in tandem with utilizing a reliable source.
Private equity encompasses various forms of investment in non-publicly traded companies. This broad category includes several distinct subsets, each focusing on a specific stage of a company’s development. Angel investing involves funding startups at their earliest “idea” phase, often before they have a fully developed product or business model. Venture capital firms invest in young, high-growth potential companies that are expanding their businesses. These startups have typically progressed beyond the initial idea stage but are still developing their market presence. Industry insiders generally use the term “private equity” to refer to investments in larger, more established private companies. These firms may be seeking capital for expansion, restructuring, or other strategic initiatives. Pre-IPO investing targets late-stage private companies, often those backed by venture capital, that are approaching a potential initial public offering (IPO). These companies are usually more mature and have a proven business model. In contrast to these private investment forms, public equities refer to stocks of companies that are traded on public exchanges. The distinction between public and private equity reflects the fundamental difference in how these investments are accessed and traded.
In-depth investment profiles on 50 high-growth companies across Artificial Intelligence, biotechnology, defense, and FinTech. Private insights for the informed investor.