Orion OCIO

Orion OCIO

Orion Advisor Solutions launched its OCIO division to bring outsourced private market portfolio construction to independent advisors. The firm itself does not originate direct deals — it operates as an institutional gatekeeper, assembling fund-of-funds allocations across buyout strategies. The model relies on infrastructure Orion had already built for turnkey asset management, extending it into alternatives. The strategy centers on buyout funds, with the manager-of-managers structure spanning large-cap, mid-market, and sector-specialist private equity firms. Orion's investment committee selects underlying general partners, handles subscription documents, and manages cash-flow pacing so that advisory clients avoid the administrative burden of individual fund commitments. The geographic focus is predominantly North American buyout, and the platform aggregates advisor demand to access capacity-constrained managers that individual RIAs could not reach alone. Orion, headquartered in Provo, Utah, operates primarily as a technology and asset-management platform serving thousands of independent advisors. The OCIO unit acts as a fiduciary, constructing and rebalancing private equity sleeves within advisor-managed portfolios. While Orion's broader business has grown through acquisitions of planning and risk software firms, the OCIO division remains a specialized extension of its asset-management capabilities, without a separate disclosed headcount or independent office network. The structural distinction is delivery: private equity access embedded within a TAMP workflow rather than a standalone fund placement model. Advisors using Orion's platform see private equity allocations alongside traditional ETF and mutual fund sleeves in the same portfolio accounting system, a technical integration that most competing OCIO providers and fund-of-funds platforms have not replicated at scale for the RIA market.