Hentsu, a provider of public cloud technology to hedge funds and asset managers, has raised an undisclosed amount of funding. The lead investor was Credit Suisse Asset Management’s NEXT Investors. Falconwood Corporation and Raptor Group Holdings also participated in the financing.
New York, October 11, 2018 – Hentsū, a leading provider of fully managed cloud-based online solutions for hedge funds and asset managers, announced today an investment round led by Credit Suisse Asset Management’s NEXT Investors. Additional investors include the Falconwood Corporation, an investment banking firm backed by the family office of Dr. Henry Jarecki, and Raptor Group Holdings, a private investment company backed by the family office of Jim Pallotta.
The investment primarily will be used to drive the expansion of Hentsū’s product offering and sales and marketing efforts.
Founded in 2015 in London, Hentsū is a unique provider of cloud-based solutions to the hedge fund and asset management industries. To date, the company has grown rapidly and works with some of the largest and most innovative institutional investors out of Hentsū’s offices in London, New York and Boston. Hentsū helps organizations move to the public cloud as well as manage ongoing delivery from the public cloud. The company’s services range from implementing and supporting corporate infrastructure and desktops to deploying advanced continuous development platforms and data science infrastructure, resulting in organizational efficiency for its customers.
Marko Djukic, CEO of Hentsū, said, “Hentsū delivers first-class service and innovative technology for our clients. Our ability to offer tailored, customized solutions for a broad range of clients—from emerging funds to some of the most established hedge funds—allows us to support a diverse customer base with a unique set of needs. We are excited to partner with these leading investors, which can help expand our network of clients across the financial services industry.”
“As demand for cloud computing continues to grow at a rapid pace and financial institutions continue to migrate to the public cloud, Hentsū is well positioned to help these companies bridge the gap between cloud providers and trading venues,” added Greg Grimaldi, Co-Head and Portfolio Manager of NEXT Investors at Credit Suisse Asset Management. “We look forward to supporting Hentsū’s growth through Credit Suisse’s network and NEXT Investors’ experience in helping to cultivate growing technology and service providers in the Asset Management industry.”
“Having watched the growth of both the public cloud and Hentsū over the last few years, I’ve been impressed by the team Marko has assembled and the results they have demonstrated in organizations that we know,” said Dr. Henry Jarecki, Chairman of The Falconwood Corporation.
Jim Pallotta, Founder and Chairman of Raptor Group Holdings commented, “Hedge funds need the flexibility, security and scalability that the public cloud offers, but the rapidly evolving technical landscape means that staying current enough to have the best platform is hard. Working with firms like Hentsū who have both the technical and domain expertise means that funds can focus exclusively on the parts of their technology that really add value to their investors.”
Hentsū is the hedge fund and asset management public cloud technology specialist. We consult, design, implement and manage proven systems that simplify our clients’ technology challenges. Founded in London in 2015 we have grown rapidly and now work with some of the largest and innovative hedge funds in the world form our offices in London, New York and Boston. The Hentsū team comes from demanding backgrounds of trading, fund services and cloud technology – we understand what matters and we aim to be the smartest asset management technologists at the table.
Credit Suisse AG
Credit Suisse AG is one of the world’s leading financial services providers and is part of the Credit Suisse group of companies (referred to here as ‘Credit Suisse’). Our strategy builds on Credit Suisse’s core strengths: its position as a leading wealth manager, its specialist investment banking capabilities and its strong presence in our home market of Switzerland.
We seek to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland. Credit Suisse employs approximately 45,430 people. The registered shares (CSGN) of Credit Suisse AG’s parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.
The Falconwood Corporation
The Falconwood Corporation is an investment banking company chaired by Dr. Henry G. Jarecki. The corporation manages investments in numerous businesses including PsychoGenics, Inc., a biotechnology company, the Guana Island Hotel Corporation, and Audubon Holdings, Ltd., real estate holding and development companies (both based in the British Virgin Islands).
Raptor Group Holdings
Raptor Group Holdings is a private investment company backed by the Family Office of Jim Pallotta. Mr. Pallotta has been a professional and personal investor for over 30 years. Prior to forming Raptor Group in 2009, Jim was most recently Vice Chairman of Tudor Investment Corporation, where he had responsibility for over $10B in long/short equities and pioneered Tudor’s venture capital program and outside managers’ seeding business. Jim is currently President and Chairman of AS Roma (global football club), Co-Owner and Executive Board Member of the Boston Celtics, a Board Member of the Institute of Contemporary Art in Boston of Northeastern University, and is also a member of the MIT Media Labs Advisory Council.