Deep Limited Partnership Investment Details Will
Help Compre Maintain AUM Growth, Now at 3X in Three Years
BOISE,
Idaho and LONDON,
June 13,
2023 /PRNewswire/ -- Clearwater Analytics (NYSE:
CWAN), a leading provider of SaaS-based investment management,
accounting, reporting, and analytics solutions, today announced
that Compre Group Holdings Limited ("Compre"), a Bermuda headquartered international legacy
group with operations globally, is expanding its partnership with
Clearwater to include additional
transparency into alternative assets.
Compre has grown rapidly and tripled its assets under management
(AUM) in the last three years. To manage its alternative assets and
achieve greater investment returns, Compre has decided to use
Clearwater LPx for transparency, exposure, and timely analytics.
Relying on Clearwater's single
instance, multi-tenant architecture, Compre will be able to expand
its connections to alternative asset managers, resulting in more
efficient operations.
"Over the last three years as we grew our investment portfolio,
we leveraged Clearwater to
streamline our investment accounting, reporting and analytics
work," said Harsh Mittal, Deputy Group CFO at Compre. "Now, we're
extending Clearwater's
capabilities to include additional details of our alternative asset
portfolio, thereby allowing us to monitor and manage all our
investments in a holistic, comprehensive manner."
Compre's business model involves new acquisitions of portfolios
and companies that require the ability to effectively manage a
total investment portfolio. Clearwater has been able to act as a growth
enabler by consolidating all of Compre's asset classes within a
single platform, providing a single view and ensuring investment
accounting and reporting processes run without delays.
"We're excited that Compre is building on Clearwater's powerful foundation," said
Scott Erickson, Chief Revenue
Officer at Clearwater Analytics. "Our clients, like Compre, are
driving asset growth and streamlined investment operations because
of Clearwater's investment
solutions. Clearwater LPx enables organizations to automate a
manual and cumbersome data aggregation process. This automation
provides institutional investors unparalleled visibility and
transparency into their limited partnership investments."
To learn how leading organizations are using Clearwater for their alternative investment
accounting and reporting, speak to an expert in alternatives
today.
About Compre Group
Compre is a leading legacy specialist with more than 30
years of experience in the acquisition and management of
discontinued and legacy non-life insurance and reinsurance
business. Compre has experience in acquiring most classes of direct
and reinsurance business, including general liability, marine and
motor liability, US worker's compensation and APH. Compre has
operations in Bermuda,
Finland, Germany, Malta, Switzerland, the UK, US and at Lloyd's of
London. www.compre-group.com
About Clearwater Analytics
Clearwater Analytics (NYSE: CWAN), a global, industry-leading
SaaS solution, automates the entire investment lifecycle. With a
single instance, multi-tenant architecture, Clearwater offers award-winning investment
portfolio planning, performance reporting, data aggregation,
reconciliation, accounting, compliance, risk, and order management.
Each day, leading insurers, asset managers, corporations, and
governments use Clearwater's
trusted data to drive efficient, scalable investing on more than
$6.4 trillion in assets spanning
traditional and alternative asset types. Additional information
about Clearwater can be found
at clearwateranalytics.com.
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SOURCE Clearwater Analytics