Harbert Management Corporation Selects SunGard’s Investran for Fund Administration and Investor Reporting

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Harbert Management Corporation has selected SunGard’s Investran for automation of its alternative investment funds across real estate, venture, mezzanine capital, private equity, independent power, and Australian private equity.

Harbert Management Corporation (HMC) has selected SunGard’s Investran for automation of its alternative investment funds across real estate, venture, mezzanine capital, private equity, independent power, and Australian private equity. SunGard’s Investran is an award winning solution that supports the entire investment lifecycle for private equity and alternative investment firms.

HMC serves endowments and foundations, funds of funds, family offices, pension funds, financial institutions, insurance companies and high net worth individuals. SunGard’s Investran will help HMC by centralizing its portfolio and partnership transaction processing across all these fund types, providing front-office users with real-time access to investor, investment and fund information from within a single platform. SunGard’s Investran will also allow HMC to benefit from having a streamlined system to help with the external communication of its fundraising and fund offerings to current and prospective investors along with real-time accounting data to produce on-demand performance reports.

Jeffrey Liles, Chief Information Officer at HMC said, “With increasing regulation coming into effect and growing customer demands for portfolio transparency, we wanted to help ensure that we had a highly efficient alternative investment transaction processing platform in place. Instituting a common frame of reference for all users eliminates the need for redundant data entry, transfer or reconciliation of Excel spreadsheets between systems. In addition, we were impressed with the caliber of the implementation team who were able to meet all of our specific implementation requirements.”

Lauren Iaslovits, chief operating officer of SunGard’s Investran business unit, said, “As a hybrid fund manager of both liquid and illiquid funds, HMC has complex reporting needs. SunGard’s Investran provides HMC with an integrated application suite to help manage front- middle- and back-office processes. The solution also generates standard or user-defined reports with drill-down capabilities – essential to help HMC keep its internal and external stakeholders abreast of the activity within their portfolios.”

About Harbert Management Corporation
Harbert Management Corporation is an investment firm managing approximately $3.0 billion in assets and committed capital as of November, 2012. Our portfolio, a disciplined balance of risk and return, is comprised of 10 alternative asset classes in three areas of concentration: real estate, private capital and absolute return strategies. HMC’s institutional infrastructure that supports our diverse set of investment strategies with separate legal, accounting, compliance and risk management teams is centrally located at our headquarters in Birmingham, Alabama. In addition to our headquarters in Birmingham, we have satellite offices in New York, Richmond, Nashville, Atlanta, Dallas, San Francisco, London, Madrid, Paris, Melbourne, Chicago and Hong Kong. Our offices are close to the relevant markets for their respective strategies, while our centralized back office risk management and compliance programs enable these teams to concentrate on their goal of delivering superior risk-adjusted returns. For more information, please visit http://www.harbert.net

About SunGard’s Investran
SunGard’s Investran is an integrated application suite that automates front-, middle- and back-office processes for private equity and alternative investment firms. Investran helps improve business efficiencies to facilitate collaboration, support deal flow and automate accounting. Firms rely on Investran’s integrated capabilities to help meet their needs in the entire investment life-cycle, including relationship management, reporting, monitoring, accounting, fund raising and deal pipeline management. For more information on Investran and SunGard’s portfolio of alternative investment solutions, visit http://www.sungard.com/investran/learnmore.

About SunGard
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue exceeding $5 billion, SunGard is ranked 380 on the Fortune 500 and is the largest privately held business software and IT services company. For more information, please visit http://www.sungard.com.

Trademark Information: SunGard, the SunGard logo and Investran are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.

© SunGard 2012. All rights reserved.

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Jamie Serino
SunGard
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