Fri, Dec 13, 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. 50 South Capital & Preqin highlight emerging manager outperformance in a new report[more]

    Bailey McCann, Opalesque New York for New Managers: New data from Preqin and 50 South Capital, the investment arm of Northern Trust, shows that emerging managers are outperforming established managers by almost 4% a

  2. An academic wrecking ball aims at hedge funds[more]

    From Bloomberg: Quant investing, and indeed much of the hedge fund industry, is built on the power and freedom that come with the ability to sell short. When you short a security (borrow and then sell it, meaning you make money if the price falls and you then re-buy it), you can profit when markets

  3. PE/VC: Private equity buys $101bn of European businesses, 30 under 30 venture capital 2020: Meet the young investors backing tech's next big thing[more]

    Private equity buys $101bn of European businesses From Bloomberg: European equities' cheap valuations have turned the region into a honeypot for private-equity and arbitrage funds looking to reap double-digit returns. With the buyout firms enjoying a massive amount of dry powder, especial

  4. PE/VC: The truth about private equity fund size, US VC investment in female founders hits all-time high[more]

    The truth about private equity fund size From Institutional Investor: As the end of the year approaches, institutional investors in private markets are wrapping up work on the last few funds we need to invest in to hit our targeted annual commitment levels. You see, private equity

  5. Crypto: Almost 70 crypto hedge funds have closed this year as institutional investors shy away, Central bank talk of launching cryptocurrencies is all bluff, Thailand and Hong Kong in crypto collaboration with cross border token project, Crypto loans see solid growth, platforms attract community interest, A Bitcoiner in the Senate? Is Bakkt CEO in US govt. good or bad for crypto?, Bank of France to test digital currency in 2020[more]

    Almost 70 crypto hedge funds have closed this year as institutional investors shy away From The Block Crypto: Nearly 70 crypto-focused hedge funds that largely cater to institutional investors, such as pension funds and family offices, have closed this year. The number of new fund