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.