Lunar Capital signs with eFront for multilingual front-to-back private equity solution

Shanghai - 24 March 2011

eFront, the leading European software provider of financial solutions for the alternative asset industry, is pleased to announce that Lunar Capital has selected the FrontInvest platform to support its private equity operations in China.

Lunar Capital is a China-focused private equity firm. Lunar invests in private enterprises well-positioned to benefit from China’s inward and inland development due to spreading urbanization and consumer demand, particularly in central and western China. The firm has a large team of professionals based in Shanghai, Chengdu and Hong Kong. Lunar’s partners include entrepreneurs behind some of China’s earliest successfully listed private enterprises and have driven multiple portfolio companies from sourcing to initial public offering and acquisition.

With a strong strategic focus on active involvement in portfolio companies, Lunar Capital decided to select a front-to-back platform solution. As the teams run a highly professional process-driven approach to portfolio company management, they needed a proven private equity solution to ease their growing direct investment operations in China.

Lunar Capital also extensively evaluated FrontInvest’s portfolio management and accounting features and was impressed with the solution’s ease of configuration, high levels of automation and ability to handle their complex requirements.

Lunar Capital clearly appreciated the best-practice implementation approach, which consists of taking advantage of existing product features and configuring the solution to cater to their specific requirements.

“It is clear that FrontInvest Alternatives has a strong record of successful implementations among the largest General Partners worldwide,” commented Stephen Chung, Director at Lunar Capital. “Since inception, Lunar Capital has differentiated through its positioning, platform and expertise. We are keen to continue building upon our capabilities by adopting the best practices and solutions available in the private equity market today.”

Tarek Chouman, Managing Director Asia-Pacific at eFront, added: “Lunar Capital is very process-driven and focused on identifying businesses that fit its investment strategy. The firm differs from others in that it looks at western provincial areas of China for investment opportunities. This new partnership is testimony of our ability to meet Chinese private equity managers’ expectations, not just managers looking only at international investments. Not only did the multilingual capabilities of our solution help, but we think our edge in adapting to local requirements, whatever the region, is definitely an advantage in the market today.”

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