|
September 5, 2008
Investment Café
Continues To Expand In Asia.
Longreach
Group and Prax Capital Latest Private Equity Firms
To Leverage
Strength of Administrative Reporting System.
NEW YORK, September 5, 2008
Since it opened its office in Hong Kong in 2007 to capitalize on growth
in the Far East, Investment Café has made dramatic inroads in that market by
capturing many premier fund sponsors. The company continues to build on those achievements with the signing of
two new prestigious clients – The Longreach Group and Prax Capital Management –
two private equity firms that have chosen to outsource their investor reporting
with Investment Café’s technology-based financial and information reporting
product.
The addition of several new leading alternative investors in Asia demonstrates the versatility of the company’s
premier reporting system which provides investors with the ability to
generate online capital accounts and detailed reporting on their
investments. These reports include
starting and ending balances, as well as the underlying transactions supporting
those balances, in a product similar to online banking systems.
“Fund sponsors looking for an outsourced reporting system want a firm
they can rely on and with a proven track record. Investment Café is a recognized brand that
delivers detailed information, functionality, and security to global
institutional investors so they can monitor their investments in all corners of
the world,” said Ken Pierce, Investment Café’s
Managing Director. “As private equity firms and
other alternative investment firms in Asia continue to prospect institutional
investors and overseas family offices, our reputation is important to them and
that is allowing us to continue to build our presence in that rapidly growing
region.”
Monica Ng, who oversees sales at the Hong Kong office, said, “In addition
to allowing investors the traditional benefits to easily review their
investments online, Investment Café is being used by fund sponsors as an
efficient administrative tool that has been of great assistance during fund
raising.”
Investment Café has made inroads into a number of alternative investment
categories, including, private equity, real estate, hedge fund, venture
capital, infrastructure and energy. It
also continues to expand to new geographic regions as firms increasingly
realize the benefits of outsourcing administrative reporting responsibilities.
The Longreach Group is an investment firm
focusing on investment opportunities in the Asia and Japan region and has $750 million
under management. Prax Capital is a private equity firm dedicated to managing
China-focused investments. Other clients in Asia include Asia Investment Partners and New Horizon Fund.
About DMLT
DMLT is an independent company offering a suite
of Web-based financial reporting and fund raising products to the alternative
asset community under the brand name Investment CaféTM. DMLT serves
firms managing over $150 billion in capital commitments with over 20,000
investors in more than 80 countries. DMLT’s flagship product, the Investment
Café Reporting System has been the system of choice because it addresses the unique
needs of the investor, and provides productivity tools that significantly
reduce the burden of fund administration. The product is in use by many of the
world’s largest private equity firms, as well as leading middle market firms in
North America. In addition to providing its
technology to the private equity industry, DMLT also offers its reporting
systems within the alternative investment arena to real estate, venture,
mezzanine, debt, hedge funds, and fund-of-funds. DMLT has offices in
New York, Hong Kong, Florida, and California.
More information about DMLT can be found on the firm's website at
www.investmentcafe.com.
| 
