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Kazyna Capital Management Goes Live with eFront FrontInvest for Private Equity

eFront, a leading software provider of financial solutions for managing alternative investments, is pleased to announce that Kazyna Capital Management (KCM) has gone live with a fast and successful implementation of eFront’s flagship solution for managing private equity investments, FrontInvest. This implementation marks the first foray for eFront into the alternative investment market in the Commonwealth of Independent States (CIS) and represents an exciting new opportunity in a region with much growth potential.

A wholly-owned subsidiary of the Sovereign Wealth Fund of Kazakhstan, Samruk-Kazyna, and based in Almaty, KCM’s primary mission is to develop the private equity market in Kazakhstan. As a fund of funds, KCM invests in local and regional Kazakhstan-focused funds.

KCM sought to rapidly modernize its investment monitoring operations, which were heavily dependent on Excel® and various manual processes. Additionally, they desired to incorporate best practices for the private equity industry in the chosen solution. KCM selected FrontInvest, valuing the ability to rapidly deploy the solution with its various out-of-the-box best practice functionalities. The FrontInvest implementation was accomplished in only one month and included modules for customer relationship management (CRM), deal flow and funds portfolio management for private equity, as well as standard dashboards and analytics.

“As among the first firms in the CIS to choose and deploy this type of advanced technology, we needed a strong commitment from the solution provider,” explained Aziz Mamatov, Managing Director of Kazyna Capital Management. “We evaluated the market and eFront met all our needs, was able to demonstrate the level of reputation we were seeking with their prestigious clientele and was aligned with our vision. The efficiency of both teams working together and achieving the desired results after just one month of project implementation confirmed our decision to partner with eFront.”

Wissem Souissi, eFront Middle East and Asia, commented on the importance of the successful deployment, “We are excited to have KCM as our first client in Kazakhstan and very happy to start a long term relationship,” he said. “We look forward to growing this relationship and to expand throughout the region. There are many opportunities here in light of the growing number of private equity investments in Russia and CIS countries, and our goal is to keep at the forefront of this trend.”