NEW YORK & LONDON & HONG KONG–(BUSINESS WIRE)–Hazeltree, a leader in treasury and liquidity management technology for the alternative asset management and investment industries, announced today that it has secured a strategic investment of $14 million. The investment round was led by FINTOP Capital, a venture capital firm focused on B2B SaaS fintech companies, and joined by Hamilton Lane (NASDAQ: HLNE), a leading private equity markets investment management firm.
Rick Kushel, co-founder and managing partner at FINTOP Capital will join Hazeltree’s board.
“We are thrilled to have the support of such high caliber investment partners as FINTOP and Hamilton Lane joining us as we bring Hazeltree into its next era of growth,” said Douglas Haynes, Hazeltree’s Executive Chairman. “Amid market volatility and economic uncertainty, this investment affirms Hazeltree’s strong and resilient business model,” added Haynes. “We saw a lot of interest from the investment community, but FINTOP’s operational expertise stood above all others. We couldn’t be happier to be partnering with FINTOP and Hamilton Lane. Their respective reputations in the industry speak for themselves.”
“We were very impressed with the Hazeltree business and the strength of its model in the alternative asset management space, particularly hedge funds and private equity,” said Kushel. “I am very excited to join the board of such a dynamic growing company and to help it build on its success to date.”
Erik Hirsch, Vice Chairman and Head of Strategic Initiatives at Hamilton Lane, commented: “We have a long history of partnering with and investing in leading companies that use technology to bring greater efficiency to private markets. As users of the platform, we have found Hazeltree to be a transformative technology solution, allowing us to increase the speed and reliability of our treasury operations and gain greater certainty over our cash management processes, all while expanding our visibility in general funding and currency. the needs of our customers. We are proud to be participating in this round of fundraising.”
“FINTOP and Hamilton Lane’s combined investment and operating experience in helping fintech companies scale is unmatched and we are excited to have Rick join our board to provide his guidance,” said Tushar Amin, CEO of Hazeltree. “This investment will drive Hazeltree’s growth through expanding customer success and support, scaling our business model and innovating across our product suite.”
About Hazeltree
Hazeltree is a leader in treasury and liquidity management technology for the alternative asset management industry. Hazeltree’s innovative cloud-based treasury and liquidity solutions provide enhanced transparency, liquidity, risk mitigation, streamlined operations and increased IRR by optimizing counterparty interactions, credit facilities, margin requirements and fees. Hazeltree is headquartered in New York with offices in London and Hong Kong.
About FINTOP Capital
FINTOP Capital is a venture capital firm focused on early-stage FinTech companies. With over $700 million in committed capital across five funds, FINTOP brings decades of FinTech founding and operating experience to the boardroom, partnering with innovative entrepreneurs to push the boundaries of the financial services sector. For more information, visit fintopcapital.com.
Around Hamilton Lane
Hamilton Lane (NASDAQ: HLNE) is a leading private markets investment management firm providing innovative solutions to institutional and private wealth investors worldwide. Dedicated exclusively to private markets investing for 30 years, the firm currently employs more than 530 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has more than $832 billion in assets under management and supervision, consisting of $108 billion in discretionary assets and more than $724 billion in advisory assets, as of June 30, 2022. Hamilton Lane specializes in building flexible investment programs that offer clients access to the full spectrum of private markets strategies, sectors and geographies. For more information, please visit www.hamiltonlane.com or follow Hamilton Lane on LinkedIn: https://www.linkedin.com/company/hamilton-lane/.