Capital markets client engagement, analytics expert Singletrack gets Accel-KKR backing | AltAssets Private Equity News
Summary
Tech-focused private equity major Accel-KKR has made a “significant” capital growth investment in Singletrack, a capital markets client engagement and analytics expert. The company, which was founded in 2009, is an engagement, research management and analytics platform built by industry professionals for capital markets, which aims to help clients on both the sell and buy sides maximise revenue, efficiency and profitability. Never miss a story – click to sign up to AltAssets’ free daily PE newsletter Accel-KKR managing director Phil Cunningham said, “Singletrack recognised early on the potential in combining on-demand technology and advanced analytics for a purpose-built CRM solution for capital markets. “Seasoned leaders like [Stuart Berwick and Paul Dyson] draw on deep experience within the global investment banking industry and their informed approach has differentiated the company, propelling Singletrack to the forefront of financial CRM tools and positioning it to capitalise on a fragmented marketplace.” Accel-KKR currently has about $14bn in capital commitments under management, with a focus on software and tech-enabled businesses. Earlier this year the firm pulled in more than $3bn of capital across two funds in a month.
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