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Backstop Solutions to Acquire Alternative Investment Data and Indices Specialist BarclayHedge.


20 December 2018 - US-based cloud-based technology provider Backstop Solutions Group has executed a definitive agreement to acquire alternative investment data and indices provider BarclayHedge, the firm said.

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 optimise 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.

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.

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

Backstop provides cloud-based productivity suite to investment consultants, pensions, funds of funds, family offices, endowments, foundations, private equity, hedge funds, and real estate investment firms.

Country: USA

Sector: Banking/Financial Services

Target: BarclayHedge

Buyer: Backstop Solutions Group


Deal size in USD:

Type: Corporate Acquisition


Status: Agreed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:Dec 20, 2018
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