Blackstone plans to join fellow private equity firm Francisco Partners as an investor in a software business that serves the alternative investment management industry, including private equity managers.
Dynamo Software Inc. provides cloud-based technology that helps investment firms manage their customer relationships, and the Watertown, Mass.-based company’s clients include venture capital and private equity firms, as well as hedge funds and real estate investment firms.
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Blackstone is one of the world’s leading investment firms. By using extraordinary people and flexible capital to help companies solve problems they seek to create positive economic impact and long-term value for its investors, the companies they invest in, and the communities in which they work.
The firm’s $649bn in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets, and secondary funds, all on a global basis.
Source: Wall Street Journal
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