Elevar Equity Selects SS&C for Fund Administration

Rhea-AI Summary

SS&C Technologies Holdings (Nasdaq: SSNC) announced that Elevar Equity, a venture capital firm focused on emerging markets, has selected SS&C GlobeOp as its fund administrator. This partnership aims to enhance operational efficiencies across various fund structures, enabling Elevar to concentrate on strategic growth. Elevar invests in entrepreneurs addressing inclusivity and affordability, impacting low-income communities in regions including India and Latin America. SS&C will provide investor services technology and performance reporting tools to support Elevar's mission.

Positive

• Elevar Equity has chosen SS&C GlobeOp for fund administration, indicating trust and confidence in SS&C's capabilities.
• The partnership allows Elevar to streamline processes, promoting operational efficiencies.
• SS&C GlobeOp's support will enhance Elevar's capacity to focus on strategic growth in emerging markets.

Negative

• None.

WINDSOR, Conn., March 2, 2022 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced Elevar Equity, an emerging markets-focused venture capital firm, has appointed SS&C GlobeOp as their fund administrator.

"As an early-stage emerging markets investor, we were looking for a flexible, robust solution to support a distributed team, working on a variety of fund structures across multiple markets and currencies using a dynamic and robust technology platform," said Shobha Venkataraman, Partner at Elevar. "SS&C GlobeOp Private Markets demonstrated in-depth knowledge of investor needs in global private markets. Partnering with them enables us to streamline processes and derive operational efficiencies, allowing us to focus on the strategic growth of our business."

Elevar will use SS&C GlobeOp's private markets fund services to support its funds, including SS&C's investor services technology and performance reporting tools. The Cayman Island-based venture capital firm supports a range of funds domiciled in the Cayman Islands, Canada, Mauritius and India. Elevar fuels the economic resilience and vibrancy of underserved customers and low-income communities by investing early growth capital in entrepreneurs building at the intersection of inclusivity, affordability and massive scale. SS&C's India team will support the business.

"We are excited to support Elevar Equity in their efforts to bring investment capital to rapidly developing emerging markets," said Bhagesh Malde, General Manager, Head of SS&C GlobeOp Private Markets. "As private investment strategies become more complex and investors develop increasingly sophisticated requirements, SS&C has extensive experience supporting managers with complex investment structures in global markets. We look forward to supporting Elevar Equity's mission of impact investing with high-touch client service, cutting-edge technology and efficient fund administration experience."

Learn more about SS&C GlobeOp Private Markets here.

About Elevar Equity

Elevar Equity has been at the forefront of impact investing since 2006. Led by an entrepreneurial emerging markets team, Elevar seeks to connect the economic resilience and vibrancy of low-income communities with capital markets. To address issues of access and inequity, Elevar invests early growth capital in entrepreneurs and businesses that demonstrate a direct correlation between high impact and returns. The Elevar Method of investing has democratized essential products and services for over 40 million low income households in India and Latin America, and catalyzed billions of dollars of capital into 40+ companies.

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 18,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.

Additional information about 
SS&C (Nasdaq: SSNC) is available at www.ssctech.com.

Follow SS&C on Twitter, LinkedIn and Facebook.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/elevar-equity-selects-ssc-for-fund-administration-301493924.html

SOURCE SS&C

FAQ

What partnership did SS&C Technologies announce on March 2, 2022?

On March 2, 2022, SS&C Technologies announced that Elevar Equity has appointed SS&C GlobeOp as its fund administrator.

What services will SS&C GlobeOp provide to Elevar Equity?

SS&C GlobeOp will provide private markets fund services, including investor services technology and performance reporting tools.

What is the focus of Elevar Equity's investments?

Elevar Equity focuses on early growth capital investments in entrepreneurs building inclusivity and affordability solutions for low-income communities.

How does Elevar Equity impact communities?

Elevar Equity invests in businesses that improve economic resilience and vibrancy in low-income communities, with a direct correlation between impact and returns.