Tue, Oct 22, 2019
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Backstop Solutions to acquire BarclayHedge

Monday, December 17, 2018
Opalesque Industry Update - Backstop Solutions Group, the leading cloud-based productivity suite provider for institutional and alternative investors, today announced the execution of a definitive agreement to acquire BarclayHedge, a leading provider of alternative investment data and indices. 

By adding BarclayHedge to its portfolio of acquired companies, Backstop takes another significant step towards achieving its long-term vision of a productivity suite for institutional and alternative investors. With proprietary access to the 2,200 alternative investment managers and 6,900 funds tracked by BarclayHedge, Backstop will be able to offer institutional clients a unique combination of technology, tools, services, and data to help optimize their research management and due diligence workflows. Alternative asset managers who currently report to BarclayHedge will also benefit by having their exposure to asset owners potentially triple when the client communities of both Backstop and BarclayHedge are combined.

Clint Coghill, Backstop's Chairman and CEO, said: "Backstop's vision is to optimize every step of the investment process for institutional and alternative investment firms, from capital raising to investor relations to research and portfolio management. This acquisition supports our vision by removing friction for asset owners conducting research on alternative managers and for alternative asset managers hoping to get their data in front of those asset owners."  

He added, "With BarclayHedge's premium reputation and meticulous collection of fund, performance, and investment data, we'll be able to maximize our clients' research capabilities. Our recent round of financing was undertaken to fuel growth and execute faster against our strategy, and this acquisition helps us do exactly that."

Backstop remains committed to empowering clients to gain greater visibility into their data, no matter the source. Recent enhancements to the Backstop platform include building a user-centric integration with Preqin's extensive Private Equity and Real Estate offerings and surfacing the data points throughout views, reports, and tools across the suite. In addition, Backstop continues to partner with other industry-leading data providers such as HFR, Morningstar, EurekaHedge, HFI, and MSCI.

Sol Waksman, Founder and President of BarclayHedge, will become President of the Backstop BarclayHedge Division. In this role, Waksman will continue to make the BarclayHedge database the premier source for research and indices on hedge funds and commodity trading advisors by expanding data coverage and providing thought leadership on alternative investment industry trends to institutional asset owners.

"I'm personally very excited to be joining forces with Backstop and its client base of both asset owners and asset managers. There are many synergies to be unlocked in our respective lines of business, and I look forward to unlocking them," said Sol Waksman, "We collect over 300 data points per fund manager, providing institutional asset owners with a rich set of information they can rely upon to select the right managers for their portfolios. We can now make those data points available to a new universe of asset owners, as well as provide our fund managers with a more seamless reporting process through better integrated tools. It's the classic 'win-win' for both companies."

Financial Technology Partners ("FT Partners") served as exclusive strategic and financial advisor to Backstop Solutions on this transaction.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. These hedge funds do better. So why can't they raise more money?[more]

    From Institutional Investor: It's an enduring paradox: hedge funds run by women and minorities outperform their peers - but run less money. Evidence continues to mount that the money investors allocate to minority- and women-controlled hedge funds stands a better than even chance of outperformi

  2. Tech: Quantum computing may be closer than expected with 'game changer' discovery[more]

    From Inverse: While quantum computing has long been an exciting notion for scientists and the public alike, the realization of these technologists has long been on hold. But researchers from the Johns Hopkins University have discovered a material that might just fast-track the creation of these, unt

  3. PE/VC: Private-equity deals depress worker wages, study finds, Thoma Bravo to buy Sophos for $3.9bn, Unicorn valuations are fit to burst, warn investors[more]

    Private-equity deals depress worker wages, study finds From Market Watch: Private-equity deals result in worse pay for workers, and, depending on whether the buyout target was public or not, fewer jobs, according to a newly published study. The study of some 6,000 private-equity de

  4. Tech: When AI invests in AI[more]

    From Forbes: The title of this article might sound farfetched to many readers, but keen students of artificial intelligence (AI) know that this is no longer very far away. Since the advent of computers, capital markets have always been at the forefront of technology. Yes, that's right. You may be wo

  5. Institutional investors in Canada, U.S., and the U.K are warming to responsible investing, says a survey[more]

    Laxman Pai, Opalesque Asia: The use of environmental, social and governance (ESG) principles by institutional investors in Canada, the US, and the UK is rising according to a new survey. RBC Global Asset Management (RBC GAM)'s annual survey on responsible investing trends found that more