![]() "Our job is to empower and support investment managers wherever they are in their operational journey. Our investment in Enfusion is representative of our commitment to invest in best-in-class, long-view technology businesses – and we are excited to collaborate with their experienced management team during their next phase of strategic growth." As an investment management firm, we deeply understand the importance of digital transformation in the industry and how it can build more sustainable relationships and a better understanding of clients' evolving needs. "We believe Enfusion has developed a highly differentiated and groundbreaking platform that is creating a new standard for native-cloud asset management solutions and modernizing a historically outdated approach to the front, middle, and back-office experience. ![]() ![]() "We are delighted to support Enfusion in its efforts to radically disrupt the investment management solution space," said Roy Luo, Principal at ICONIQ Growth. Over the last several years, traditional and alternative asset managers using Enfusion's integrated front-to-back office software and services have used the platform to simplify their workflows, reduce their technology footprints and unify their data, ultimately allowing them to focus more on productivity and investment decision-making. At a time in which many investment managers are moving out of legacy systems to remove operational bottlenecks impacting the bottom-line, ICONIQ Growth's investment reinforces the value of Enfusion's proven cloud-native SaaS-based approach to solving this growing industry challenge. ICONIQ Growth joins FTV Capital and Hillhouse Capital as institutional investors in the company. In line with Enfusion's continued profitability and growth, this funding values the Company at $1.5 billion. The funding is an endorsement of Enfusion's pioneering cloud-native SaaS approach to breaking technological barriers and removing informational and operational constraints for its investment management clients. 11, 2021 /PRNewswire/ - Enfusion, a global leader in investment management technology solutions and services, announced that it has received a $150 million minority investment from ICONIQ Growth. More information is available upon request.CHICAGO, NEW YORK, LONDON and HONG KONG, Jan. The universe of investors considered in this analysis excludes early-stage venture investors and other investors with an active focus beyond growth equity including public equities. Had ICONIQ Strategic Partners Funds existed at the time of investment, this investment would have been offered and allocated to ICONIQ Strategic Partners Funds. Solely based on ICONIQ’s analysis of information available from Crunchbase and Pitchbook data and includes any company listed on Forbes’ Cloud 100 Best Private Companies from 2016-2021 includes 38 ICONIQ Strategic Partners investments as well as Survey Monkey - ICONIQ advised funds invested in SurveyMonkey prior to the existence of ICONIQ Strategic Partners Funds. The financial score is then factored in alongside a people and culture score using third-party data providers, and a market leadership score determined by several dozen of the list nominees’ public CEO peers, who are no longer eligible for the list themselves. Nominated companies submit qualitative and quantitative data (within given ranges) to generate a financial score considering the companies’ valuation, revenue, and growth rate. ![]() ![]() The Forbes Cloud 100 submissions were accepted during May 2021. ![]()
0 Comments
Leave a Reply. |