EFront, a leading software provider of financial solutions for managing alternative investments, is pleased to announce that IMM Private Equity, Inc., a leading South Korean private equity firm, has chosen FrontInvest and FrontAnalytics as its portfolio management and analytics solutions.
eFront's new client, IMM Private Equity, Inc., is among the leading private equity firms in South Korea with $1.4 billion (1.5 trillion KRW) of assets currently under management. IMM Private Equity adds to eFront's customer base in South Korea and its list of leading Asian GPs. The firm's focus is on growth capital and special situation private equity investments.
"IMM Private Equity needed a solution to cover our portfolio management relating to private equity investments", commented Jin Hee Jang, a Director at IMM Private Equity. "We also needed fund and investor information management capabilities. eFront's solutions directly met all of our requirements."
The implementation of FrontInvest and FrontAnalytics is planned to go-live in Q1 2013. The solutions will automate IMM Private Equity's operational activity and enhance reporting and general portfolio management activities.
"We're delighted to expand our presence in South Korea with IMM Private Equity," said Tarek Chouman, COO, eFront Asia & Middle East. "The South Korean market is strongly championing rapid expansion in alternative investments and private equity businesses and it presents a great opportunity to serve new customers with eFront's superior solutions."