Lafayette Square has selected Allvue Systems to provide its front-to-back-office solution. Lafayette Square is an impact investment platform founded by Damien Dwin that is working locally to create an inclusive American economy.
By investing capital and services locally, Lafayette Square aims to drive impact outcomes specific to the local community.
Allvue’s end-to-end technology is expected to streamline and automate Lafayette Square’s business functions to create operational efficiencies across the organisation and support further scalability. It also will enable the flow of data from portfolio management to investment accounting, saving time and empowering decision-making. The software will seamlessly integrate with Lafayette Square’s existing platforms allowing for easy access to real-time deal information.
“At Lafayette Square, we believe being technology and data-driven is key to making better decisions and running our business more efficiently,” says Satyadeep “Bobby” Patnaik, Chief Technology Officer at Lafayette Square. “As we continue to expand as a firm, we partnered with Allvue for their ability to support our growth model with the latest technology and seamless end-to-end integration.”
Lafayette Square has expanded to 81 employees to date, with nine reporting to Patnaik in the Technology Department. The Lafayette Square technology team has extensive financial services industry experience and was integral in partnering with Allvue to develop and execute the integrations that will allow for seamless data flow between the firm’s technology platforms and Allvue’s solutions.
“With the expansion of direct lending, many managers have found themselves lacking the proper infrastructure to move quickly,” says Ryan Keough, Chief Revenue Officer at Allvue. “Lafayette Square took a proactive approach, prioritising technology and operational efficiency from day one so they can focus on making an impact in the communities they serve.”
