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Alternative Market Briefing

Credit Suisse Asset Management's NEXT Investors leads $6M Series A round for LUX Technology and Services
Friday, December 08, 2017

Bailey McCann, Opalesque New York:

Credit Suisse Asset Management's NEXT Investors has led a $6 million Series A funding round for LUX Technology and Services, a business and technology solutions provider for the alternative assets industry. The investment will be used to fuel growth of Transcend, the company's front-to-back office automation technology platform.

The Transcend platform is designed specifically to integrate various investment business services into a single platform and is for fund managers and investment staff.

Commenting on the round, Jeremy Siegal, Global Head of Prime Consulting at Credit Suisse said, "the days of instal......................

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