New York and London and Hong Kong–(business wire– – Hazeltree, a leader in treasury and liquidity management technology for the alternative asset and investment management industries, today announced that it has secured a $14 million strategic investment. The investment round was led by FINTOP Capital, a venture capital firm focused on fintech B2B SaaS companies, and was joined by Hamilton Lane (NASDAQ: HLNE ), a leading private markets investment management firm.
FinTop Capital co-founder and managing partner Rick Kuschel will join Hazeltree’s board.
“We are thrilled to have the support of such high-caliber investment partners as FINTOP and Hamilton Lane as we bring Hazeltree into its next era of growth,” said Douglas Haines, Hazeltree’s executive chairman. “Amidst market volatility and economic uncertainty, this investment confirms Hazeltree’s strong and resilient business model,” added Haynes. “We saw widespread 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 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,” Kuschel said. “I am very excited to join the board of such a dynamic growth company and help build on the success it has had to date.”
Eric Hirsch, vice president 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 Expanding our visibility into the overall funding and currency needs of our clients, allowing us to increase the speed and reliability of treasury operations and gain more security in our cash management processes. We are proud to participate in this fundraising round.”
“The combined investment and operational experience of FinTop and Hamilton Lane 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 by expanding customer success and support, scaling our business model, and innovating our product suite.”
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 enhance IRR by optimizing transparency, liquidity, risk mitigation, streamlined operations and 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.
About Hamilton Lane
Hamilton Lane (NASDAQ: HLNE) is a leading private markets investment management firm providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for 30 years, the firm currently employs more than 530 professionals operating in offices in 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 provide access to clients. A full spectrum of private market 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/ .