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MGAI picks FrontInvest to manage growing private equity business

Mizuho Global Alternative Investments (MGA") has chosen eFront's FrontInvest solution to help their clients manage their alternative asset investments. FrontInvest caters for general partners (GPs) and limited partners (LPs) increasing transparency, mitigating risk and lowering costs. 

FrontInvest will provide MGAI with a single unified platform with which it can centralise all its investment data.

MGAI was established in 2010 as a subsidiary of Mizuho Bank, one of the largest and most important financial institutions in Japan. MGAI is an investment management and advisory firm specialising in alternative investment assets, mainly for Japanese pension fund clients. As of August 2015, the Tokyo-based firm held more than USD2.4 billion in assets under management.

Although MGAI focused primarily on hedge fund investing during its early years, its clients increasingly sought opportunities in other alternative assets. In response, the firm expanded its activities to include other asset classes, as well as the size of the firm's team devoted to them, beginning in 2013. As their activity in other asset classes increased, along with the sophistication of their clients' investments, MGAI realised that building an all-encompassing and scalable technological solution would be critical to their continuing ability to provide the highest levels of service to their clients. Their search for such a solution brought them quickly to eFront.

"When we compared eFront's FrontInvest solution to those of other providers in that space," explained Hiroaki Saito, Senior Fund Manager at MGAI, "we immediately saw that eFront was not only the market leader, but was also completely and solely dedicated to innovative alternative investment solutions. This gave us complete confidence that eFront would be a reliable and strong partner for the long-term."

The FrontInvest capabilities that MGAI will utilise include portfolio monitoring, reporting, dashboarding and pre-investment screening, among others. The firm's users will benefit from the tight integration among the FrontInvest modules, which will enable them to easily see, for example, the share of investment in each fund or underlying portfolio company at a client level.

"We're very happy to welcome MGAI to the growing Japanese eFront family of clients," says Oliver Johnson, Managing Director at eFront. "Japan is a very strategic market for eFront, and following the recent opening of our Tokyo office we look forward to a long and successful partnership with MGAI."

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