Gravitas Technology, a leading technology provider to investment managers and financial services companies, today announced that newly formed private equity firm Trilantic Capital Partners has selected Gravitas as its technology provider.
Trilantic is using Gravitas' support services, software development and colocation services to handle the company's IT infrastructure. Gravitas is also in the process of building Trilantic's website. New York-based Trilantic is currently managing its third and fourth institutional funds, and, together with its European management arm, has more than $3 billion in assets under management and seeks significant long-term capital appreciation through direct investments in established operating companies in partnership with management, the company said.
"Gravitas provided our New York office with a secure, flexible and scalable infrastructure and did it under intense time pressure," said Trilantic CFO Elliot Attie.
A new era for private equity
So far in 2009, Gravitas has worked with numerous private equity firms with combined assets under management of nearly $10 billion. A 13-year-old global company, Gravitas employs approximately 90 people and provides technology, custom software development and business consulting to new and existing firms.
Trilantic is an example of the next generation of private equity funds that are focusing on an updated set of business factors as they launch, Gravitas CEO Jayesh Punater said.
"Private equity firms in the past have underutilized technology," Punater said. "That's changing now with the need for more transparency and with regulatory and business pressures. We're now seeing private equity firms like Trilantic place more focus on technology infrastructure."