Harbert Management Corporation (HMC) has selected SunGard’s Investran for automation of its alternative investment funds across real estate, venture, mezzanine capital, private equity, independent power, and Australian private equity. SunGard’s Investran is an award winning solution that supports the entire investment lifecycle for private equity and alternative investment firms.
HMC serves endowments and foundations, funds of funds, family offices, pension funds, financial institutions, insurance companies and high net worth individuals. SunGard’s Investran will help HMC by centralizing its portfolio and partnership transaction processing across all these fund types, providing front-office users with real-time access to investor, investment and fund information from within a single platform. SunGard’s Investran will also allow HMC to benefit from having a streamlined system to help with the external communication of its fundraising and fund offerings to current and prospective investors along with real-time accounting data to produce on-demand performance reports.
Jeffrey Liles, Chief Information Officer at HMC said, “With increasing regulation coming into effect and growing customer demands for portfolio transparency, we wanted to help ensure that we had a highly efficient alternative investment transaction processing platform in place. Instituting a common frame of reference for all users eliminates the need for redundant data entry, transfer or reconciliation of Excel spreadsheets between systems. In addition, we were impressed with the caliber of the implementation team who were able to meet all of our specific implementation requirements.”
Lauren Iaslovits, chief operating officer of SunGard’s Investran business unit, said, “As a hybrid fund manager of both liquid and illiquid funds, HMC has complex reporting needs. SunGard’s Investran provides HMC with an integrated application suite to help manage front- middle- and back-office processes. The solution also generates standard or user-defined reports with drill-down capabilities – essential to help HMC keep its internal and external stakeholders abreast of the activity within their portfolios.”