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GTCR Selects eFront for Its New Private Equity Web-Based Platform

eFront, a leading software provider of financial solutions for alternative assets, is pleased to announce that GTCR has selected the FrontInvest Alternatives platform to support its investment operations.

GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare and Information Services & Technology industries. In addition to its deep expertise in these high-growth sectors, GTCR pioneered “The Leaders Strategy” - finding and partnering with exceptional leaders as the critical first step in identifying, acquiring and building market-leading companies through acquisitions and organic growth.

GTCR recently initiated a firm-wide project to enhance its technology platform to support current operations and future growth. Part of this project was the adoption of an integrated web-based platform to replace a number of in-house systems configured to handle a variety of key processes. GTCR wanted to achieve greater efficiency for more informed and effective business decisions, with a strong shift from manual data operations to automated analysis and reporting.

After extensive workshops with various software providers, GTCR selected eFront’s FrontInvest Alternatives platform to support all operations including general ledger/accounting, investor reporting and portfolio management. eFront was the only provider to fully meet GTCR’s needs for a web-based solution that allowed for a high level of customization, flexible reporting, ease of use, and strong waterfall and valuation capabilities.

“GTCR needs the most appropriate and effective solution to meet immediate and future objectives across the firm,” commented Anna May Trala, CFO of GTCR. “eFront demonstrated a strong ability to support these objectives, as well as solid client references who have worked with the company for many years.”

Eric Bernstein, Chief Operating Officer, North America at eFront, added: “We are very pleased that eFront and GTCR have been able to jointly define a long-term vision and strategy based on the integration of multiple processes into one common platform. We are excited to be partnering with such an established and leading private equity firm, as this demonstrates our commitment to the US market and strengthens our growth and expansion across North America.”