Hazeltree has secured a $14 million strategic investment to grow its treasury and liquidity management technology for the alternative asset and investment management industries.
“This investment will fuel Hazeltree’s growth through expanding customer success and support, scaling our commercial model and innovating across our product suite,” Hazeltree CEO Tushar Amin said in a Tuesday (Aug. 23) press release.
The company’s cloud-based treasury and liquidity solutions are designed to enhance transparency, liquidity and risk mitigation and streamline operations, according to the press release.
They also optimize counterparty interactions, credit facilities, margin requirements and fees, thereby increasing the internal rate of return (IRR).
In March 2021, Hazeltree announced a joint solution with Goldman Sachs to help with streamlining treasury management with integrated global payments and cross-border capabilities.
Before that, Hazeltree worked with JPMorgan on a new liquidity management solution that would aid clients with intricate financial needs.
In the recent press release, Rick Kushel, co-founder and managing partner at FINTOP Capital, the venture capital firm that led the investment round, said, “We were greatly impressed by the Hazeltree business and the strength of its model in the alternative asset management space, particularly hedge funds and private equity.”
Erik Hirsch, vice president and head of strategic initiatives at Hamilton Lane, a private markets investment management firm that joined the investment round, said in the press release that Hamilton Lane uses the Hazeltree platform.
“As a user of the platform,” Hirsch said, “we have found Hazeltree to be a transformative technology solution, allowing us to increase the speed and reliability of our treasury operations and gain greater security over our cash management processes, all while expanding our visibility into overall funding and currency needs for our clients.”
PARTNER WITH PYMNTS