Juniper Square, a provider of partnership enablement for the private funds sector, has scored $133m in growth capital.
This investment was headed by Owl Rock. Also participating in the round was Redpoint Ventures, Ribbit Capital, Felicis Ventures, Pappy Capital and Fifth Wall.
According to Financial IT, Juniper Square will use this investment to accelerate innovation, expand its fund administration services and fuel rapid growth in private markets.
Founded in 2014, Juniper Square empowers GPs and LPs to focus on building enduring relationships and exceptional investment opportunities.
The firm’s partnership enablement solutions empower investment partners to connect and communicate seamlessly across every interaction, freeing teams from the disjointed and siloed systems, operations, and processes holding organizations back from realizing their full potential.
To date, more than 1,800 GPs use Juniper Square to support more than 32,000 investment partnerships that span over 500,000 LPs and $700 billion in LP capital. Juniper Square plans to roll out an industry-first adaptive investor portal in 2023.
Juniper Square CEO and co-founder Alex Robinson said, “Juniper Square provides GPs and LPs with a common record for their partnership data while delivering seamless, integrated and cost-effective administration to their investment funds.
“The significant growth we’ve seen in GPs and funds served underscores the rapid digitisation of private markets that is underway and accelerating. We are eager to use this investment to bolster our administration services and accelerate our growth.”
Late last year, Euroclear revealed it was set to acquire Goji, a London-based provider of digital access and tech-enabled solutions to private markets.
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