December 26, 2015
December, 2015, Toronto, Canada: AltaReturn, a leading provider of cloud-based end-to-end financial software solutions for Private Equity, Venture Capital and the Alternative Investment industry, is delighted to announce that Penfund has selected AltaReturn for the provision of business software solutions. Penfund has selected AltaReturn’s platform to streamline its Deal Tracking, Fund Accounting and Reporting.
About Penfund: Penfund, a leading Canadian private equity firm located in Toronto, specializes in providing junior capital to middle market companies throughout North America. The firm is owned by its management team and is currently investing its most recently established fund, Penfund Capital Fund V. Penfund manages funds sourced from Canadian pension funds, insurance companies, banks, family offices and high-net-worth individuals and has invested more than $2.7 billion in over 225 companies since its establishment in 1979. Assets and capital under management presently amount to about $900 million.
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.
