The new system will be used by the equity firm as a fully hosted technology for portfolio and ledger management in the middle and back office operations respectively, and deal flow management in the front office.
eFront’s technology offers oversight, efficiency and transparency to the user by enabling sharing of work and data across the organization in a single application, while mitigating possible manually-introduced errors.
The deployment of the system eliminates requirement of additional hardware or infrastructure investments, and eFront will manage the set-up, security and recovery aspects of the entire system, the firm said.
Oak Hill Capital manages $8.2bn and operates through offices located in Stamford, Connecticut; New York; Fort Worth, Texas; and Menlo Park, California, US.
