Park Square Capital, LLP, a leading independent provider of credit products in Europe, has selected SunGard's Investran to help strengthen the administration of its funds by providing investor and partnership accounting, and management and performance fee calculations.
Investran's award winning application suite supports the entire investment lifecycle - from fundraising through reporting and portfolio monitoring - helping to automate front-, middle- and back-office processes for private equity and alternative investment firms.
Investran will help Park Square streamline its back office operations with greater automation and transparency. Investran's integrated platform will help facilitate Park Square's investor and partnership accounting, management and performance fee calculations as well as financial reporting, including performance reporting across all funds.
Klaus Petersen, partner at Park Square, said, "We selected SunGard's Investran because of its reliability and robust reporting capabilities. It will help us gain more control over our data security and help us automate portfolio accounting processes for greater efficiency and scale as we grow our business. We particularly like the strong general ledger features of the solution as well as its flexibility in supporting our structures."
Lauren Iaslovits, chief operating officer for SunGard's Investran business unit, said, "SunGard's Investran was recognized by Park Square as a reliable investment accounting solution that could support its growth through the provision of automated processing and transparent reporting. As a significant player in the mezzanine debt funds space, Park Square's selection of Investran underscores the solution's ability to meet the complexities of leading funds."