LGL Group selects Allvue Systems for fund accounting services
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LGL Group selects Allvue Systems for fund accounting services 14 April 2022US Reporter: Jenna Lomax
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Provider of alternative fund and corporate services, LGL Group (LGL) has selected Allvue Systems (Allvue) to provide its fund accounting and investor portal solutions to support LGL’s fund administration business.
Headquartered in Jersey, with offices in Luxembourg and the UK, LGL Group specialises in private debt, capital markets, real estate and venture capital.
Allvue’s fund accounting software will provide LGL with a modern back-office system offering fund administration and investor reporting services across different fund types, including private equity, real estate, venture capital, and debt.
It combines financial statement reporting, a multi-currency general ledger, cash management and workflow standardisation into one cloud-based solution.
Through Allvue’s Investor Portal, LGL clients will have access to configurable dashboards that support both standardised workflows and detailed reporting within one integrated platform.
The firm’s investor portal provides limited partners with the ability to securely share reporting documents and tools to update their information within the system.
Zena Couppey, CEO at LGL, says: “As we focus on growing our alternatives business, we need a partner with a comprehensive and reputable system to help us provide a best in class solution for our clients. Allvue offers the flexibility to increase our range of services as our new business line expands, which will enable easy scalability in the future.”
Mark Yamin-Ali, head of enterprise sales at Allvue, comments: “LGL and their experienced executive team have a solid reputation for successfully growing fund administration businesses and taking them to the next level, so naturally they recognise the value that streamlined software solutions can add. We are excited to partner with LGL at the ground level as they expand their administration business and to continue to strengthen Allvue’s European presence.”
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