Chicago-based private equity firm Edgewater has made an undisclosed investment in Brilliance Financial Technology. Headquartered in Sydney, Australia, Brilliance is a provider of risk-based pricing and credit risk management solutions to financial institutions’ commercial loan portfolios.
Edgewater Growth Capital Partners III, L.P. (“Edgewater”) is pleased to announce its recent investment in Brilliance Financial Technology (“Brilliance” or the “Company”). Brilliance is a software business that provides risk-based pricing and credit risk management solutions to financial institutions’ commercial loan portfolios. The Company’s clients include some of the world’s largest financial institutions as they manage their global loan processes in the face of increasing risk and regulations. Brilliance is headquartered in Sydney, Australia with additional offices in New York and San Francisco and serves clients in North America, Europe, Australia and Africa.
Brilliance is the first investment under a newly formed holding company called Implement Holdings, LLC. Implement Holdings is pursuing acquisitions of financial technology companies which enable financial institutions to improve operations and profitability in the areas of risk management, pricing, compliance, decision support, portfolio rebalancing and many others. Replacing outdated legacy information systems is expected to be a major priority for banks as they seek to increase revenues, reduce costs and improve regulatory compliance.
The Edgewater Funds is a Chicago-based private equity firm with $1.4 billion in committed capital. Through Edgewater Growth Capital Partners, we partner with management to help accelerate growth in their businesses. Edgewater focuses on funding high quality middle market companies where we can add substantial value through our capital, our experience and our broad network. Edgewater leverages the experiences of its Partners and the Executive Advisory Board who have distinguished themselves as successful CEOs and business leaders.