Park Square Capital, a private debt manager with over $10 Billion in AUM, providing senior debt, subordinated debt and mid-market direct loans to companies in Europe and the US, has implemented Hazeltree Cash Manager as its treasury management solution.
Technology & software solutions
SS&C Technologies Holdings has signed on more than 150 clients to Eze Eclipse, SS&C Eze's cloud-based front-to-back office investment management platform.
RFA: Best Technology Infrastructure Provider – Private equity is seeing considerable interest from institutional investors hunting for return. Although the pandemic has impacted valuations, it has also triggered the potential for opportunity creation and caused a shift in the type of investments being made. As the sector moves to broader digitalisation, PE managers are also using big data in a more proactive manner.
Options: Best Cloud Services Provider – The Covid-19 pandemic highlighted financial firm vulnerabilities, as changes in the way people work have led to an increased awareness of cybersecurity and a keen focus on the best tools to facilitate remote working. Private Equity Wire spoke with Options, Microsoft Gold Partner and recent winner of Private Equity Wire US Award “Best Cloud Services Provider” around agility in the virtual climate.
SS&C GlobeOp: Best Fund Administrator (GP’s with assets >USD30bn) – Private equity firms’ trend to partner with third-party service providers was well underway ahead of the Covid-19 crisis. The pandemic has accelerated the consideration for many PE firms to outsource a number of aspects of their operations and form strong alliances with service providers who can engage and integrate with their business.
FIS: Best Accounting & Reporting Software – Private equity firms look likely to continue operating remotely and engaging virtually with investors. And as more retail investing strategies and 401k plans in the US embrace private equity, the industry is also seeing greater demands for access to information and higher standards of reporting.
Eze Castle Integration, a portfolio company of private equity investment firm HIG Capital (HIG) and a specialist in technology solutions, has acquired digital transformation firm NorthOut Inc.
It is essential for firms with offices in Luxembourg to build strong digitally enabled operations if they are to remain competitive as the Grand Duchy experiences an influx of players in the wake of a potential no-deal Brexit.
EQT Ventures has led a USD 12.7 million Series A round into Amsterdam-based development startup CodeSandbox, which is used by the likes of Stripe and Shopify, from its AI platform Motherbrain.
Connections, a platform that connects investment managers and allocators, has announced a technology and content partnership with TD Prime Services, LLC, a SEC and FINRA registered broker-dealer.