Gravitas Technology, a technology provider to investment managers and financial services companies, announced that newly formed private equity firm Trilantic Capital Partners has selected Gravitas as its technology provider.
Trilantic is using Gravitas support services, software development and colocation services to handle the companys IT infrastructure. Gravitas is also in the process of building Trilantics website. New York-based Trilantic is currently managing its third and fourth institutional funds, and, together with its European management arm, has more than USD 3 billion in assets under management and seeks significant long-term capital appreciation through direct investments in established operating companies in partnership with management, the company said.
Gravitas provided our New York office with a secure, flexible and scalable infrastructure and did it under intense time pressure, says Trilantic CFO Elliot Attie.
Trilantic is an example of the next generation of private equity funds that are focusing on an updated set of business factors as they launch, says Gravitas CEO Jayesh Punater. Private equity firms in the past have underutilized technology. Thats changing now with the need for more transparency and with regulatory and business pressures. Were now seeing private equity firms like Trilantic place more focus on technology infrastructure.
D.C.