Aquiline Capital Partners invested in Fenergo, which provides management software for financial institutions. Insight Venture Partners co-invested alongside Aquiline. Vincenzo La Ruffa, head of financial technology at Aquiline, will join Fenergo’s board.
Aquiline Capital Partners LLC, a New York-based private equity firm investing in financial services, announced today that is has made an investment in Fenergo, the leading provider of client lifecycle management software solutions for investment banks, capital market firms and private banks.
Fenergo’s automated platform streamlines processes for both the front-office and back-office, enabling the efficient and compliant onboarding of clients based on golden source client and counterparty data, improving time to revenue.
Aquiline is co-investing with Insight Venture Partners, a leading global venture capital and private equity firm investing in high-growth technology and software companies. Through the investment, Fenergo will be able to support its rapid international growth and platform expansion, in addition to growing its customer base by leveraging Aquiline’s industry expertise and network.
“With Aquiline’s depth of experience and proven track record in financial technology and services, coupled with Insight’s focus on software investing, Fenergo stands to benefit greatly from this partnership, and I am truly excited for the growth opportunities that are now possible with the help of our new investors,” said Marc Murphy, CEO of Fenergo.
“Evolving regulatory pressures on financial institutions have demonstrated a clear need for more advanced compliance solutions,” said Jeff Greenberg, Chief Executive of Aquiline. “Fenergo is well-positioned as the market leader in a large and growing industry. We look forward to supporting Marc and the outstanding management team at Fenergo as we work together to achieve the next stage of growth.”
In conjunction with the investment, Vincenzo La Ruffa, Head of Financial Technology for Aquiline, will be joining the company’s board.
Aquiline was advised by Marlin & Associates and received legal counsel from Willkie Farr & Gallagher LLP in this transaction.
About Fenergo (www.fenergo.com)
Fenergo is an award-winning provider of enterprise Client Lifecycle Management platform solutions designed to help financial institutions to manage the end-to-end regulatory onboarding process – from onboarding, to management of client and counterparty data and regulatory compliance with existing and emerging regulations. In 2015, Fenergo made its debut on the Chartis RiskTech100®, the list of the top 100 risk technology providers in the world. In 2014, the company picked up the award for Best Enterprise Data Management Initiative from Inside Reference Data and was awarded Outstanding Achievement in International Growth by the ISA. Other accolades include Technology Innovation of the Year (ISA, 2013) and Best Customer Onboarding Solution (The Compliance Register, 2012).
About Aquiline Capital Partners LLC
Aquiline is a private equity firm based in New York investing in middle-market businesses across the financial services sector in banking and credit, insurance, investment management and markets, and financial technology. Aquiline targets specialized businesses that have potential for improved performance and growth in conjunction with Aquiline’s equity ownership and active involvement. The Firm consists of industry experts who use their operating experience and a hands-on approach to build value in portfolio companies. For more information about Aquiline, its investment professionals, and its portfolio companies, please visit: www.aquiline-llc.com.