Abry Partners (Abry), a Boston-based private equity investment firm, has selected SunGard's Investran to help it address its accounting needs for private equity administration.
Investran will help ABRY Partners more efficiently analyze, track and disseminate an increasing flow of data, while helping it improve operational efficiency and mitigate operational risk.
Investran's award winning application suite supports the entire investment lifecycle - from fundraising through reporting and portfolio monitoring - helping automate front-, middle- and back-office processes for private equity and alternative investment firms.
ABRY will use Investran to help it monitor current investments more efficiently, manage investor allocations, and automate the accounting workflow. Investran will also provide ABRY with streamlined reporting, auto-generated capital calls and distribution notices, and production of performance reports, including both dynamic IRRs and the ability to evaluate and track relevant qualitative data for active portfolios.
Eric Cooper, controller of ABRY Partners, said, "With a significant amount of capital under management and a large influx in information across multiple ABRY funds, we are proud to have selected SunGard's Investran to help us most efficiently meet our accounting and reporting needs. Investran is also a reliable solution for managing investor relationships and investor inquiries as well as centralizing due diligence to help us reduce operational risk."
Lauren Iaslovits, chief operating officer of SunGard Investran, said, "SunGard's approach to the private equity business is unique in that we combine the strength of a flexible, functionally-rich solution with industry expertise and a consultative approach to helping our customers meet their private equity administration needs. As an industry leader, Investran continues to provide reliable, innovative solutions to help our customers grow their businesses."