Hazeltree Achieves Double Digit Growth in 2022 Driven by High Demand from Alternative Asset Industry
New York, London and Hong Kong, January 25, 2023 – Hazeltree, a leader in active treasury and intelligent operations technology for the alternative asset industry, today announced a series of key milestones that contributed to four consecutive quarters of double-digit growth in annual recurring revenue in 2022. This success is evidence of Hazeltree’s investment in people and processes to deliver top-class solutions tailored to the unique needs of the alternative asset management industry.
“2022 saw seismic changes in public and private markets, spurred by geopolitical events, supply chain disruptions, inflation, and rising interest rates,” said Tushar Amin, president & CEO of Hazeltree. “Leveraging Hazeltree’s treasury and liquidity solutions, leading investment management firms were better positioned to improve returns by gaining greater control over cash management processes, unlocking hidden value, and managing operational risk.”
Hazeltree’s business highlights for 2022 include:
- Securing a $14 million strategic investment led by FINTOP Capital, a venture capital firm focused on fintech B2B SaaS companies and joined by Hamilton Lane, a leading private markets investment management firm.
- Expanding its team by 15% and hiring experienced leaders across sales, customer success, strategic alliances, technology, product, marketing, finance, and human resources.
- Growing its global footprint with the opening of the Hazeltree FinTech Engineering Centre in the UK’s Silicon South Coast (Bournemouth, England), joining existing offices in New York, London, and Hong Kong.
- Continuing to innovate the Hazeltree platform to support evolving market and customer needs such as uncleared margin rules (UMR), debt management, money market sweeps, and securities finance data, among other capabilities.
Unlike larger vendors trying to make corporate treasury solutions perform the complex functions required by alternative asset managers, Hazeltree is taking a firm leadership role with its active treasury solution, which was purpose-built for the alternative asset industry. Currently, 7 of the top 20 private equity firms globally run Hazeltree software to manage over $2 trillion of assets and 10 of the top 20 hedge funds globally use Hazeltree to manage more than $1.2 trillion of assets.
For more information about Hazeltree and its best-of-breed treasury management capabilities, please visit www.hazeltree.com.
Hazeltree is a leader in active treasury and intelligent operations technology. Purpose-built for the alternative asset management ecosystem, Hazeltree’s modular platform aggregates internal and external data, providing a comprehensive view of operations and counterparty relationships while proactively highlighting opportunities to extract more value from every transaction. Hazeltree is headquartered in New York with offices in London and Hong Kong.