January 20, 2015
January 20, 2015, New York, New York: AltaReturn, a leading provider of cloud based end-to-end business software solutions for the private equity and alternative investment industry, is pleased to announce that Kinderhook Industries, LLC has implemented AltaReturn to automate operations across its organisation.
Utilising AltaReturn’s end-to-end suite of products, Kinderhook Industries implemented the Fund Accounting, CRM, Business Intelligence and Investor Portal solutions.
“With the closing of Kinderhook Capital Fund IV in 2014, we wanted to invest in our operational environment and ensure that our Investors are receiving exceptional service.” commented Lisa Schmidt, Chief Financial Officer, “We expect AltaReturn to allow us to track all relevant Investor and Accounting data in one system and provide push button financial and investor reporting.”
Mark Lacana, Director of Sales at AltaReturn commented, “We are excited to have forged a new partnership with Kinderhook Industries. Kinderhook challenged us to deliver product that would provide for a single point of entry across their entire environment and that would allow for accurate and timely reporting. We are proud to have delivered on this challenge and we look forward to working with Kinderhook for years to come.”
About Kinderhook: Founded in 2003, Kinderhook Industries is a private equity firm that manages over $1.25 billion of committed capital. The firm was established to capitalize on the principals’ expertise acquiring middle market companies. Kinderhook primarily makes control investments in companies with transaction values of $25-$150 million where the firm can achieve significant financial, operational and growth improvements. The firm targets orphaned non-core subsidiaries of corporate parents, existing small capitalization public companies lacking institutional support and management-led recapitalizations of entrepreneur-owned companies. Kinderhook’s principals have completed in excess of one hundred transactions, investing over $1 billion throughout their investment careers. In addition, Kinderhook is a licensed Small Business Investment Company (SBIC) with the U.S. Small Business Administration.
About AltaReturn: A next-generation technology, AltaReturn provides a comprehensive end-to-end solution designed for the Private Equity and Alternative Investment industry. Created using Microsoft as the platform technology, AltaReturn, has developed a suite of private equity solutions covering Fund and Corporate Accounting, CRM, Business Intelligence and Investor Portal Communication. Deployed on the cloud, these solutions are available as an integrated end-to-end suite or as independently licensed applications.
AltaReturn’s client list includes Private Equity, Venture Capital, Family Office, Fund Administration, LP & Fund of Funds & Real Estate Funds with assets ranging from $100 million to $35 billion.
