As we continue to better position ourselves to meet the needs of our clients, we have worked to remove the silos traditionally associated with portfolio management, order management, trading, operations, accounting, IR, and many other services,” says Thomas Kim, CEO of Enfusion. “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 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platform that is creating a new standard for native-cloud asset management solutions and modernising a historically outdated approach to the front, middle and back office experience.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,” says Roy Luo, Principal at ICONIQ Growth. 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.
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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.
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.
Enfusion receives USD150m investment from ICONIQ GrowthĮnfusion, a specialist in investment management technology solutions and services, has received a USD150 million minority investment from ICONIQ Growth.
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