eFront, a leading software provider of financial solutions for managing alternative investments, is pleased to announce that 3i Group plc (“3i”) has selected the FrontInvest platform to support its business operations.
After an extensive vendor selection exercise, 3i chose eFront FrontInvest to support its end-to-end private equity business requirements including investment and fund accounting, deal pipeline management, portfolio monitoring and performance reporting. FrontInvest is a web-based, comprehensive front-to-back office solution for managing various classes of alternative assets such as private equity.
By partnering with eFront, 3i will consolidate its IT platforms, integrate its business processes and enhance its reporting capabilities.
“We are very pleased to have 3i as a client. Our selection is testimony to eFront’s proven abilities to address the various requirements of sophisticated private equity firms for an integrated and configurable solution spanning front-to-back office capabilities,” said Olivier Dellenbach, CEO and Founder of eFront.
3i is a leading international investor focused on mid-market private equity, infrastructure and debt management across Europe, Asia and the Americas. As at 31 March 2012, 3i had total assets under management of £10.5 billion, including £6.3 billion advised or managed on behalf of third parties.