23 July 2016
Find out more

RiskMetrics raises $122m from private equity trio

15 June 2004  |  4159 views  |  0 RiskMetrics raises $122m from private equity trio

New York financial risk management firm RiskMetrics has secured an investment of $122 million from private equity firms Spectrum Equity Investors, General Atlantic Partners and Technology Crossover Ventures.

Spun-out of JP Morgan in September of 1998, RiskMetrics Group says its has been growing at a compound annual rate of 65% over the last three years and is profitable.

The transaction provides liquidity to selling shareholders while enabling the firm to develop its range of middle-office services - such as risk management, data management and risk reporting.

Ethan Berman, RiskMetrics Group CEO, says: "The last several years have taught investors that risk is the most important component in every allocation decision...As a company, we've devoted ourselves to making those decisions better informed."
KeywordsFINDEX

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

iBoxx and RiskMetrics team for US dollar fixed income indices

iBoxx and RiskMetrics team for US dollar fixed income indices

14 October 2003  |  2871 views  |  0 comments
RiskMetrics signs 100th customer to ASP platform

RiskMetrics signs 100th customer to ASP platform

08 July 2003  |  3745 views  |  0 comments
RiskMetrics acquires JPMorgan's Arrakis technology

RiskMetrics acquires JPMorgan's Arrakis technology

01 April 2003  |  4089 views  |  0 comments
RiskMetrics maps out financial volatility

RiskMetrics maps out financial volatility

15 March 2002  |  2629 views  |  0 comments
RiskMetrics completes $21.8 million financing

RiskMetrics completes $21.8 million financing

18 September 2000  |  3337 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out moreVisit VocaLink.comVisit capgemini.com

Top topics

Most viewed Most shared
MasterCard agrees £700m VocaLink acquisitionMasterCard agrees £700m VocaLink acqu...
7892 views 14 comments | 32 tweets | 36 linkedin
hands typing furiouslyWhat Every FinTech CEO Should Know About R...
7750 views 0 | 14 tweets | 8 linkedin
hands typing furiouslyBanking on IoT: Security in the Internet o...
7575 views 3 | 19 tweets | 6 linkedin
Santander doubles down on fintech fundSantander doubles down on fintech fund
7531 views comments | 22 tweets | 28 linkedin
Brexit-scarred London fintech startups enquire about moving to BerlinBrexit-scarred London fintech startups enq...
7366 views comments | 16 tweets | 16 linkedin

Featured job

Find your next job