eVestment Acquires TopQ
Summary
eVestment, a provider of traditional and hedge fund data and analytics for the institutional investing community, acquired TopQ, an Edinburgh, Scotland-based provider of private equity analytics platform.TopQ will enable eVestment to serve institutional investors who are increasingly investing in private market funds.At launch, the dataset will provide a view of limited partners and key information about their fund line-ups.Founded in 2013 by Graham Paterson, Graeme Faulds and Drake Paulson, TopQ provides private equity limited partners with cloud-based tools to conduct due diligence both pre- and post-commitment with the ability to screen fund facets, dissect track records and analyze investment scenarios in multiple ways.Private equity general partners use it as a method for sharing information while fundraising, distributing ongoing results with investors, and, in the near future, to benchmark and compare their funds with the broader private equity market.