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FT Partners Advises Backstop Solutions on its Acquisition of BarclayHedge

Overview of Transaction

  • On December 17, 2018, Backstop Solutions announced it has agreed to acquire BarclayHedge
  • BarclayHedge provides alternative investment data and indices that help investors analyze the performance of hedge funds and managed futures programs worldwide
  • Headquartered in Chicago, Illinois, Backstop provides cloud-based software solutions for the alternative investment management industry
  • Sol Waksman, Founder and President of BarclayHedge, will become President of the Backstop BarclayHedge Division after the deal closes

Significance of Transaction

  • By adding BarclayHedge to its portfolio of acquired companies, Backstop takes a significant step towards achieving its long-term vision of a productivity suite for institutional and alternative investors
  • Backstop will be able to offer institutional clients a unique combination of technology, tools, services, and data to help optimize their research management and due diligence workflows
  • Alternative asset managers who currently report to BarclayHedge will also benefit by seeing their exposure to asset owners nearly triple

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to Backstop
  • FT Partners previously advised Backstop on its $20 million minority financing
  • This transaction underscores FT Partners’ strong domain expertise and successful track record in the Capital Markets / WealthTech space