NEW YORK AND LONDON AND HONG KONG-(BUSINESS WIRE)–Hazeltree, the 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 fintech B2B SaaS companies, joined by Hamilton Lane (NASDAQ: HLNE), a leading private markets investment management firm.
Rick Kuschel, 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 take Hazeltree into its next era of growth,” said Douglas Haynes, Hazeltree’s executive chairman. “Amid market volatility and economic uncertainty, this investment reinforces Hazeltree’s strong and sustainable business model,” Haynes added. “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 partner with FINTOP and Hamilton Lane. Their respective industry reputations speak for themselves.”
“We have been very impressed with Hazeltree’s business and the strength of its model in the alternative asset management space, particularly hedge funds and private equity,” Kuschel said. “I am very excited to join the board of such a fast-growing company and help it build on its success to date.”
Eric 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 drive greater efficiency in the private markets. As a user of the platform, we have found Hazeltree to be a transformative technology solution that allows us to increase the speed and reliability of our cash operations and achieve greater security over our cash management processes, while expanding our visibility into the overall financing and currency needs for our customers. We are proud to be involved in this fundraising round.”
“FINTOP and Hamilton Lane’s combined investment and operational experience in helping fintech companies grow is unparalleled and we are thrilled that Rick will be joining our board to provide his guidance,” said Tushar Amin, CEO of Hazeltree . “This investment will drive Hazeltree’s growth by expanding customer success and support, scaling our commercial model and innovating our product suite.”
Hazeltree is a leader in finance and liquidity management technology for the alternative asset management industry. Hazeltree’s innovative cloud-based treasury and liquidity solutions deliver improved transparency, liquidity, risk mitigation, streamlined operations and increased IRR by optimizing the interaction between counterparties, 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 experience in founding and operating FinTech to the boardroom, partnering with innovative entrepreneurs to push the boundaries of the financial services sector. For more information, visit fintopcapital.com.
About 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 working in offices across North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has more than $832 billion in assets under management and supervision, comprised 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 provide clients with access to the full a range 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/.