National Bank of Kuwait Picks eFront's FrontInvest

NBK Capital, the investment banking arm of National Bank of Kuwait, has selected eFront’s FrontInvest platform to help streamline and improve dealflow and portfolio company management for alternative investments.

The FrontInvest system includes a variety of modules, such as Deal Flow Management, which automates the creation, tracking and management of investment opportunities, and users can configure workflows across each class of company, property and infrastructure assets; private equity and real estate funds; and funds of hedge funds.

The platform also includes a Portfolio Managment module, which allows users to track their performance across private equity portfolio companies, real estate properties, portfolios of funds and other alternative investments.

eFront’s software provides NBK Capital with both new technologies and improvements on existing ones. The bank will be able to become more efficient, using consolidated data, and NBK can integrate its previous implementation of eFront’s Investment Café investor portal, which fund managers can use to present investors access to information about their investments.

“With investments in over 20 companies across five countries, we needed a single integrated solution to better support our deal origination, portfolio management and investor relations functions,” says Amjad Ahmad, senior managing director and head of Alternative Investments at NBK Capital. “FrontInvest provided an ideal platform that is both sophisticated and scalable.”