73 Strings partners with Alvarez & Marsal
Tech provider 73 Strings has partnered with professional services firm Alvarez & Marsal (A&M) in the hopes of facilitating collaboration on shared international clients.
The partnership will see 73 Strings provide portfolio monitoring and valuation digital solutions to the firms’ mutual clients by jointly supporting the implementation of 73 Strings’ platform.
Yann Magnan, CEO and co-founder of 73 Strings commented: “We both share a common mission of providing innovative, quality solutions, along with alternative investment funds industry expertise. Together, by digitalising middle office processes, we will help clients enhance efficiency and extract more robust intelligence and analytics.”
“Our partnership with 73 Strings bolsters our optimised solutions for helping clients analyse, value and monitor investments for private equity, venture capital and credit strategies. Managing continued market volatility requires the efficiency and real-time data intelligence the 73 Strings platform provides,” added Mark McMahon, A&M’s valuation services global practice leader and head of alternative investment services.
Additionally, A&M has recently bolstered its ranks with the addition of Chris Lanman as managing director for its private equity performance improvement practice, which The Drawdown reported on last week.