The combined expertise and resources will address the market demand from general and limited partners for transparent, accurate and actionable data on their funds and portfolio investments
Preqin and Baxon Solutions have formed a strategic partnership, effective from today. This partnership includes Preqin taking a significant minority stake in Baxon. It will accelerate Baxon’s development and delivery of a comprehensive portfolio management and valuations platform for the private equity industry. The principal aim of the partnership is to combine the alternative assets expertise of both firms to address the rapidly increasing market demand from both GPs and LPs for transparent, accurate and actionable data on their funds and portfolio investments.
Comment from Jorge Hansen, Managing Director of Baxon:
“We are extremely excited about partnering with Preqin and becoming part of the ‘Preqin family’. Our partnership with Preqin, a leading data provider for the private equity industry with a very large customer base and a broadly recognized reputation, brings very significant synergies to our businesses. This will ultimately be reflected in a broader market reach and an enhanced combined offering of our Portfolio Monitoring and Valuation platform for the private equity industry. We believe that the timing for this partnership is perfect, as the industry urgently needs tools to manage a growing demand for transparency and granularity from their investors”
Preqin is the primary source of data and analysis for the alternative assets industry, while Baxon provides clients with a customized and cloud-based data analysis suite. Baxon software enables general partners to automate portfolio company data collection, accelerate internal valuation and reporting workflows, and generally improves the granularity of data. The Baxon platform empowers a detailed and efficient performance analysis for individual companies or entire funds.
The partnership adds the benefits of Preqin’s global network, financial support and industry expertise. Preqin also has a long track record of managing confidential client data.
Comment from Mark O’Hare, CEO of Preqin:
“We are very excited to be partnering with Baxon in this new and rapidly evolving sector. Baxon has a superb product offering tailored to meet the growing needs of private equity firms and their investors for granular financial information on their portfolio companies and funds, and includes some of the leading global firms among its clients. Preqin is constantly striving for ways to improve the services we provide to our customers, and this partnership with Baxon does exactly that. Baxon’s products are highly relevant to Preqin’s customer base, and meanwhile Preqin’s established network, industry expertise and financial support will help Baxon strengthen its market-leading position.”