4Pines selects Allvue

Allvue Systems has partnered with 4Pines Fund Services to provide fund accounting software solutions to its PE clients.

Allvue’s cloud-based platform enables 4Pines clients to streamline and manage their fund accounting. It offers detailed financial statement reporting, a multi-currency general ledger, cash management, waterfall capabilities and workflow standardisation.

According to Michael Trinkaus, CEO of 4Pines, PE firms face increased demand from clients and regulators for heavy reporting and transparency in real-time, at a much quicker pace. “With increased market volatility, managers need to be laser-focused on investing without having to worry about the other parts of their businesses,” added Ryan Keough, chief revenue officer at Allvue.

This is the second partnership for 4Pines, following its partnership with data business Harmonate in August, to deliver data operations services to PE funds.