Hazeltree Expands zConnect Platform, Revolutionizing Bank Connectivity for Hedge Funds and Private Equity Firms

NEW YORK, 21st October 2024 – Hazeltree, the leading provider of integrated treasury and liquidity management solutions for the alternative asset management market, is excited to announce the expansion of its zConnect platform. This strategic move bolsters Hazeltree’s global bank connectivity capabilities which drive fund performance while also enhancing efficiency, security, and operational excellence for hedge funds, private equity firms, and fund administrators.

Since its inception, Hazeltree’s zConnect platform has played a pivotal role in supporting large, complex hedge funds by providing seamless connectivity with prime brokers, custodians, and ISDA counterparties. As Hazeltree has grown, the platform has evolved to serve a broader spectrum of the alternative investment market, including private equity firms that require intricate global banking connections. Today, zConnect connects to thousands of banks worldwide, thanks to partnerships with FIDES and Necto, making it one of the most comprehensive bank connectivity networks in the industry.

The Importance of Bank Connectivity for Alternative Investments

Effective bank connectivity is crucial for firms operating in the hedge fund and private equity spaces so that they can maximize fund performance through their treasury function. By automating the flow of financial data between organizations and their banking partners, Hazeltree zConnect eliminates manual intervention, reduces errors, and provides real-time visibility into cash positions. This facilitates improved liquidity management, securities financing, faster reconciliation, and enhanced security through standardized data exchange protocols.

Prime brokers remain a vital partner for hedge funds, offering advanced platforms that integrate with hedge funds' trading systems. These platforms, often API-enabled, facilitate real-time data exchange, trading, and portfolio management. In cases where APIs are not supported, Hazeltree’s P2P connectivity ensures a reliable, industry-standard solution for managing ISDA collateral and other financial activities.

For private equity firms, the need for robust bank connectivity is equally important. Hazeltree’s clients in the private equity sector often manage hundreds of banks across complex legal entity structures, supporting a range of investments from private to public markets. With zConnect, these firms can effectively manage subscription line financing, cash, liquidity, and capital calls.

zConnect: Expanding Horizons with Fides and Necto

The recent expansion of zConnect marks Hazeltree’s continued commitment to providing the alternative investment market with best-in-class solutions. Through partnerships with Fides and Necto, Hazeltree has extended its network to include thousands of bank connections globally. This allows clients to scale their operations, enhance decision-making, and maintain compliance with ever-evolving regulatory standards.

“Bank connectivity is at the heart of Hazeltree’s value proposition,” said Paul Gallant, Hazeltree Chief Product Officer. “Our platform not only provides the tools needed to manage liquidity and risk more effectively but also ensures that our clients—whether in hedge funds or private equity—can leverage the global financial network to its fullest potential. With zConnect’s expanded capabilities, we are setting a new standard for bank connectivity in the alternative investment market.”

As Hazeltree continues to innovate, its zConnect platform remains a cornerstone for firms seeking to automate, optimize, and streamline their treasury management and bank relationships. With its global reach and sophisticated technology, Hazeltree is positioned to be the partner of choice for firms looking to connect across the industry.

About Hazeltree

Hazeltree is the leading provider of integrated treasury and liquidity management solutions designed for alternative investment managers, including hedge funds, private equity, and fund administrators. Hazeltree’s innovative platform delivers enhanced transparency, cash management, liquidity optimization, and operational efficiency. For more information, visit www.hazeltree.com.