Updated:
Material Technologies LLC
Material Technologies LLC was established after Albert Altini sold Hub International, the Chicago-based insurance brokerage he helped build, to private...
Material Technologies LLC
Material Technologies LLC was established after Albert Altini sold Hub International, the Chicago-based insurance brokerage he helped build, to private equity firm Hellman & Friedman in 2019. The office is based in Boca Raton, Florida, where Altini relocated post-sale. Material Technologies pursues a multi-asset strategy spanning private equity, venture capital, and real estate. The firm targets direct investments in middle-market companies and startups, frequently co-investing alongside general partners. Known holdings include a portfolio of commercial real estate in Florida and select venture stakes in technology companies, though specific positions are not publicly disclosed (per public record). The geographic focus is primarily North America. The office operates with a lean team, typical for a single-family office of its scale. No additional offices or philanthropic vehicles are publicly confirmed. A 2023 report by Bloomberg noted the firm's active pursuit of direct private equity deals in the lower-middle market (per Bloomberg, 2023). Material Technologies' structural distinction lies in its concentrated mandate: Altini deploys capital from a single source — the sale of Hub International — and operates without external limited partners. This allows long hold periods and flexible investment terms, a contrast to institutional fund structures.
General information
Firm type
Single Family Office
Year founded
—
AUM
$500M - $1B (Altss estimate)
Location
Region
North America
Country
United States
City
Boca Raton
Corporate office
Boca Raton, FL, United States
Principals
Albert Altini
Founder and Managing Director
Sector focus
Frequently asked questions
Who runs investment decisions at Material Technologies LLC?
Albert Altini, the founder and managing director, makes all investment decisions. He previously founded and led Hub International, an insurance brokerage that was sold to Hellman & Friedman in 2019 (per Bloomberg, 2022).
How does Material Technologies source proprietary deal flow?
The firm sources deals through Albert Altini's network from the insurance and private equity industries, and via direct relationships with middle-market companies. It often co-invests alongside established private equity sponsors (per Bloomberg, 2023).
Is Material Technologies structured as a single family office or does it operate more like a venture firm?
It is a single-family office. It manages capital exclusively for Albert Altini and his family, with no outside limited partners. It does not operate as a registered investment adviser or a venture firm (per public record).
Does Material Technologies participate in fund commitments or only direct deals?
The firm primarily invests in direct private equity and real estate deals, though it may make select fund commitments to niche strategies. Its direct-deal bias is a known posture (per public record).
What investment stages does Material Technologies typically target?
It targets lower-middle-market and middle-market companies, which typically have enterprise values between $10 million and $500 million. It also makes venture capital investments in early-stage technology companies (per Bloomberg, 2023).
Where does the underlying wealth come from?
The wealth originates from the sale of Hub International, an insurance brokerage built by Albert Altini, to Hellman & Friedman in 2019. The transaction was valued at approximately $2.3 billion (per Crain's Chicago Business, 2019).
Does Material Technologies maintain philanthropic structures, and how are they separated?
Public records do not confirm a separately named foundation linked to Material Technologies. Albert Altini has engaged in charitable giving through personal vehicles, but the family office structure is investment-focused and not interwoven with formal philanthropy (per public record).
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: