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Enfusion Systems secures growth equity investment

Enfusion Systems, a provider of a cloud-based platform for investment managers, has raised a significant minority growth equity investment from FTV Capital.

The company will continue to invest in technology, product and client-centric service enhancements and will benefit from FTV’s financial services network and experience scaling high growth companies.
 
As part of the transaction, FTV Capital managing partner Brad Bernstein and principal Robert Anderson will join the company’s board.
 
“Both new and established hedge funds as well as other asset managers have been seeking significant improvements in operational efficiency and transparency, so that they can focus on the demands of designing and implementing their investment strategies,” says Tarek Hammoud, Enfusion managing partner and chief executive officer.
 
“Nearly 80 per cent of asset managers are using multiple front, middle and backend solutions, creating unnecessary expense, complexity and instability. At Enfusion, we have eliminated multiple operational pain points by providing a technology platform that offers a single, cohesive solution with flexible customisation and exhaustive financial product coverage. As we continue to expand our platform and reach, we chose to partner with FTV Capital because of the team’s long history in successfully scaling outstanding financial technology companies. We also believe that the financial services executives in FTV’s Global Partner Network can provide important benefits to Enfusion’s expansion strategy.”
 
Launched in 2006, Enfusion’s Integráta platform offers complete front-to-back office functionality for asset managers, including order and execution management, portfolio management, valuation and risk, full fund accounting, third party connectivity, reconciliations, reporting and fund services, via a single data set.
 
In contrast to legacy asset management solutions, Enfusion’s all-in-one Integráta is a cloud-based, fully hosted solution, benefitting customers with cost effective implementation, zero IT footprint and seamless code updates.
 
Jason Morris, Enfusion’s president, says: “In addition to providing state-of-the-art, integrated portfolio management technology, the team at Enfusion continues to emphasize exceptional customer service. Our client consulting and support teams in New York, Chicago, London and Hong Kong aim to consistently exceed client expectations. Client satisfaction is paramount to our business, and our ability to adapt our software and service to each client’s unique needs differentiates us in the market. We take great pride in the fact that 100 per cent of our 200 plus asset management clients act as references on our behalf.”
 
“Every hedge fund manager, family office and investment manager should be seriously considering Enfusion's solutions given the compelling value proposition of the integrated SaaS offering which enables efficient customer onboarding, flexible configuration, consistent and timely functionality updates, the ability to quickly adapt to regulatory and compliance demands, and overall reductions in cost and complexity,” says Brad Bernstein, FTV Capital managing partner and head of FTV’s New York office. “Enfusion’s proven leadership team, with its strategic vision and strong ability to execute, has built a truly differentiated asset management platform, which is reflected in the company’s strong 40 per cent-plus revenue growth each of the last three years. We are very excited to be partnering with the Enfusion team as the company continues its expansion.”

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