Operationally-focused software private equity firm and global private markets asset manager invest in leading performance analytics and reporting software provider
Investment Metrics, a leading provider of performance measurement, investment analytics, risk attribution, market intelligence and reporting software to the investment management industry, today announced that it has received a significant equity investment from Resurgens Technology Partners and HarbourVest Partners. The new partnership will enable Investment Metrics to make continued investments in its existing solutions and to support its growth and market expansion globally.
Investment Metrics provides a full suite of performance analytics and reporting solutions to institutional consultants, plan sponsors, asset managers and private wealth advisors. Built by institutional investment consultants, the company’s products and services are utilized by industry leaders across asset allocators and asset managers such as Aon Hewitt, Graystone Consulting/Morgan Stanley, RVK, Segal Marco Advisors, Wells Fargo, T. Rowe Price and J O Hambro Capital Management. In aggregate, the Investment Metrics platform enables performance analytics and client reporting across $7 trillion of assets under advisement for over 2,500 institutional plans.
“Investment Metrics was looking for strategic investors with the experience, resources and network to help scale our business as we support some of the largest financial services organizations in the world,” said Sanjoy Chatterjee, Chief Executive Officer of Investment Metrics. “Resurgens’ operational expertise and proven track record in building vertical software companies, combined with HarbourVest’s global platform, relationships and reach, is the ideal partnership for Investment Metrics’ customers and employees.”
“We are excited to welcome Investment Metrics to the Resurgens family,” said John Baumstark, Co-Founder and Managing Director at Resurgens Technology Partners. “The Investment Metrics team has done an outstanding job building a great company with a world-class customer base and we anticipate a close working relationship, using our operator-centric model to help the company reach its full potential.”
“We are very pleased to complete this investment in Investment Metrics,” said Fred Sturgis, Co-Founder and Managing Director at Resurgens Technology Partners. “Along with HarbourVest, we look forward to partnering with Investment Metrics as they embark on an exciting phase of product, customer and global market expansion.”
Marlin & Associates served as exclusive strategic and financial advisor to Investment Metrics in connection with this transaction.
Investment Metrics is the leading provider of investment performance analytics and reporting solutions for institutional consultants, asset managers and private wealth advisors. Built by institutional investment consultants for investment professionals, the company’s solutions include PARis (performance analytics and reporting), InvestWorks (manager search and due diligence), EQuest (manager data portal), peer universe data, outsourced reporting services and InterSec Research for market intelligence. Investment Metrics solutions enable the world’s leading investment professionals to analyze, measure and report client portfolios in a highly insightful, accurate and efficient manner. The Investment Metrics platform is used by industry leaders across the investment management industry. In aggregate, Investment Metrics clients report on over $7 trillion of assets under advisement for over 2,500 institutional plans.
Resurgens Technology Partners is an Atlanta-based private equity investor focused on partnering with software and technology-enabled businesses located throughout North America. The firm is a true partnership of experienced investors and operators, uniquely committed to delivering exceptional operating support to our growing portfolio of enterprise technology businesses. The Resurgens founders have worked with and for some of the most highly regarded private equity firms in the industry, and are committed to building an entrepreneurial and differentiated investment firm with an “operator first” mindset.
HarbourVest is an independent, global private markets asset manager with 35 years of experience and more than $40 billion in assets under management. The Firm’s powerful global platform offers clients investment opportunities through primary fund investments, secondary investments, and direct co-investments in commingled funds or separately managed accounts. HarbourVest has more than 400 employees, including more than 100 investment professionals across Asia, Europe, and the Americas. This global team has committed more than $31 billion to newly-formed funds, completed over $15 billion in secondary purchases, and invested over $6 billion directly in operating companies. Partnering with HarbourVest, clients have access to customized solutions, longstanding relationships, actionable insights, and proven results.
Sanjoy is the CEO and Founder of Investment Metrics, LLC. Sanjoy at the helm of Investment Metrics is responsible for overall business strategy and product development with a laser focus on meeting client needs since inception of the firm. His passion for investment analytics, workflow optimization and data mining drives innovation at Investment Metrics to provide pragmatic solutions for their clients.