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Source Intelligence secures USD17.5m growth capital investment from Kayne Partners

Source Intelligence (SI), a supply chain compliance solutions specialist, has received a USD17.5 million investment from Kayne Partners to fund ongoing growth of its network and to meet increased demand for its information platform.

Kayne Partners is the growth private equity group of Kayne Anderson Capital Advisors, a Los Angeles-based alternative investment firm managing more than USD22 billion in assets. Piper Jaffray & Co acted as exclusive financial advisor and placement agent for Source Intelligence.
 
Source Intelligence's platform, which is used by many Fortune 500 customers globally, is designed to help companies meet increasingly strict regulations regarding conflict minerals, restricted (chemical) substances, and other sustainability and environmental issues. Source Intelligence is led by veterans in sustainability, environmental compliance and advanced software design and includes a 24/7 engagement team of multi-lingual supply chain specialists who further validate the company's technology-based tracking system.
 
"The explosive number of global brands subscribing to SI's platform is triggering significant expansion in the solutions we offer and a demonstrated need to expand our capacity," says Jess Kraus, CEO at Source Intelligence. "SI is honoured to secure the trust of Kayne Partners who share our vision for sustained growth and our global solution to make the world a better place."
 
"Kayne Partners seeks opportunities to invest in companies with demonstrated success, the right metrics for expansion and a strong management team. Source Intelligence has positioned itself for long-term growth by providing a massive user network and must-have solution for some of the world's biggest enterprises," says David Walsh, Managing Partner, Kayne Partners. "Companies are facing increasing supply chain regulation as well as investor and consumer demands to be more socially and environmentally responsible. Turning to Source Intelligence significantly reduces risk and exposure in this arena."
ing capabilities of our direct origination investment platform with an innovative commission structure that meets the needs of financial advisors and investors.”

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