Target: Allvue Systems Enhances Platform with Acquisition of PFA Solutions
Deal News | Dec 18, 2024 | Vista Equity Partners
Allvue Systems, renowned for its alternative investment solutions, has acquired PFA Solutions to bolster its software offerings for private equity, private debt, and venture capital markets. PFA Solutions, known for its compensation and carried interest software, will combine its key product, FirmView, with Allvue's platform. This acquisition aims to enhance fund operations, accounting workflows, and decision-making capabilities for alternative investors. The integration also aims to tackle key challenges faced by GPs, such as data consistency and aggregation. The merger strengthens Allvue's platform, allowing better management of compensation structures and operational performance, while Allvue captures a more significant sector share, backed by Vista Equity Partners.
Sectors
- Alternative Investment Software
- Private Equity
Geography
- United States – Allvue Systems is headquartered in Miami, and PFA Solutions operates within the US, indicating the central geography of these companies' operations and the acquisition deal.
Industry
- Alternative Investment Software – Both Allvue Systems and PFA Solutions operate in the niche sector of providing software solutions for alternative investment management, encompassing private equity, private debt, and venture capital.
- Private Equity – Vista Equity Partners is a private equity firm backing Allvue Systems, emphasizing the involvement of such firms in the sector.
Financials
- $7 trillion in AUM – The amount of Assets Under Management tracked on Allvue's platform.
- $1 trillion in AUM – The amount of Assets Under Management tracked through PFA's platform.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Allvue Systems, LLC | Acquirer | Company | A leading provider of software solutions for the alternative investment industry, aimed at enhancing decision-making across asset classes. |
| PFA Solutions LLC | Target Company | Company | A firm specializing in compensation and carried interest software solutions for alternative investment firms. |
| Vista Equity Partners | Private Equity Firm | Company | The private equity firm backing Allvue Systems, supporting its strategic growth initiatives. |
| Richard Change | Co-Founder and Managing Partner | Person | Co-founder and Managing Partner of PFA Solutions, bringing extensive technology and industry expertise to Allvue. |
| Marc Scheipe | Chief Executive Officer | Person | CEO of Allvue Systems, steering the company's strategic acquisition of PFA Solutions. |
| Janney Montgomery Scott, LLC | Buyside Advisor | Company | Provided advisory services to Allvue Systems during the acquisition of PFA Solutions. |