TOKYO, October 28, 2015 /PRNewswire/ --
eFront, a leading software provider of financial solutions for managing alternative investments, has announced that Mizuho Global Alternative Investments, Ltd ("MGAI") has chosen eFront's flagship FrontInvest solution to help their clients manage their alternative asset investments. FrontInvest is the market-leading solution for general partners (GPs) and limited partners (LPs) who efficiently and effectively manage all aspects of their operations, thereby increasing transparency, mitigating risk and lowering costs. FrontInvest will provide MGAI with a single unified platform with which it can centralize all its investment data.
MGAI was established in 2010 as a subsidiary of Mizuho Bank, one of the largest and most important financial institutions in Japan. MGAI is an investment management and advisory firm specializing in alternative investment assets, mainly for Japanese pension fund clients. As of August 2015, the Tokyo-based firm held more than USD $2.4 billion in assets under management.
Although MGAI focused primarily on hedge fund investing during its early years, its clients increasingly sought opportunities in other alternative assets. In response, the firm expanded its activities to include other asset classes, as well as the size of the firm's team devoted to them, beginning in 2013. As their activity in other asset classes increased, along with the sophistication of their clients' investments, MGAI realized that building an all-encompassing and scalable technological solution would be critical to their continuing ability to provide the highest levels of service to their clients. Their search for such a solution brought them quickly to eFront.
"When we compared eFront's FrontInvest solution to those of other providers in that space," explained Hiroaki Saito, Senior Fund Manager at MGAI, "we immediately saw that eFront was not only the market leader, but was also completely and solely dedicated to innovative alternative investment solutions. This gave us complete confidence that eFront would be a reliable and strong partner for the long-term."
The FrontInvest capabilities that MGAI will utilize include portfolio monitoring, reporting, dashboarding and pre-investment screening, among others. The firm's users will benefit from the tight integration among the FrontInvest modules, which will enable them to easily see, for example, the share of investment in each fund or underlying portfolio company at a client level.
"We're very happy to welcome MGAI to the growing Japanese eFront family of clients," commented Oliver Johnson, Managing Director at eFront. "Japan is a very strategic market for eFront, and following the recent opening of our Tokyo office we look forward to a long and successful partnership with MGAI."
About Mizuho Global Alternative Investments, Ltd
Mizuho Global Alternative Investments Ltd. (MGAI) is an asset management firm affiliated with Japan's Mizuho Financial Group, Inc. and was established in 2010 as a wholly-owned subsidiary of Mizuho Bank, Ltd. Within the group, MGAI acts as a financial gatekeeper specializing in alternative investments and providing selected alternative investment products for its clients, which is done mainly through the affiliated trust bank and asset management firms in the Mizuho Financial Group, Inc. MGAI covers a broad range of alternative investment products, such as hedge funds, private investments (e.g., private equities, private debts, mezzanines and infrastructure investments) and alternative beta products. Backed by the sound and stable business structure of Mizuho Financial Group, Inc., MGAI is committed to providing its clients with high-quality services, all built on professional expertise as well as the highest-level of reliability, integrity and fiduciary duty. MGAI is headquartered in Tokyo, holds 2 billion yen in capital and is a member of the Japan Securities Dealers Association and the Japan Investment Advisers Association. For more information, visit http://www.mizuhobank.co.jp.
eFront is a leading provider of software solutions dedicated to the financial services industry with recognized expertise in alternative management and risk management. eFront currently serves more than 800 customers in 48 countries, including major companies in the private equity, real estate investment, banking and insurance sectors. Founded in 1999, eFront has offices in Asia, Europe, the Middle East and North America. For more information, please visit http://www.efront.com .