eFront, the leading software solutions provider for the financial industry, today announced that Vital Capital Investments, LP has selected eFront's FrontInvest Alternatives to support its Impact Investing businesses.
FrontInvest Alternatives is the global frontrunner in alternative asset management platforms.
Vital Capital Investments recently announced the launch of its first fund, Vital Capital Investments 1, to capitalize on the continued explosive growth in Sub-Saharan African markets, particularly in the housing and commercial agricultural sectors, while also contributing significantly to the local economies and communities.
Vital Capital Investments reviewed five different solutions from the market. As they had just started a new fund and were continuing to raise money from investors, they required first-class private equity software to secure investor relationships. They decided to select FrontInvest after many reference calls to well-known private equity firms that proved FrontInvest was the preeminent solution in the market today. The selection was also secured by eFront's approach of implementing a pre-packaged standard solution with quick installation.
"Our approach is to build projects around housing, agro-industrial solutions, environment, employment, education and health," said Sandy Oppenheim, Managing Partner, Vital Capital Investments. "To drive these promising projects, we needed to select a portfolio management solution with strong functionality and a strong deployment experience for a fast and extensive range of services best suited to our requirements. In addition, as the team frequently travels for project management and development, we needed a solution with easy remote access."
"eFront is very happy to sign its first client specialized in Impact Investing,"added Jean-Philippe Gireaud, Area Sales Manager at eFront. "Vital Capital Investments is a very dynamic private equity firm born out of a vision to enhance the quality of life of communities and families in developing African nations, while simultaneously delivering attractive returns to investors. We are happy to have been selected in a new market for us. Our implementation approach of offering a standard pre-packaged solution helped influence the decision, but we also benefited from excellent reference calls from existing clients."