Dynamo Software secures strategic growth investment from Blackstone Growth

Dynamo Software, a provider of comprehensive cloud software for the alternative investment management industry, announced its entry into a definitive agreement providing for a strategic growth investment from funds managed by Blackstone Growth (BXG). Existing investor Francisco Partners will also reinvest in the company, which has grown rapidly the last four years.

The investment will help drive Dynamo’s expansion into new global markets and continued product development to best serve fund managers, deal teams, asset owners / allocators and other industry participants across the alternative investment landscape, the statement said.

Hank Boughner, Dynamo CEO, said: “This investment from Blackstone – the largest alternative asset manager in the world – validates Dynamo’s position as a leading provider of cloud software to the alternatives sector. We believe with this partnership we can accelerate our product roadmap and further extend and enhance Dynamo’s leading offering across incremental asset classes and significantly expand our customer base.”

Vincent Letteri and Jonathan Murphy at Blackstone, said: “As the largest participant in the alternatives industry, we see the significant tailwinds behind the sector, which we believe will continue to increase the size and complexity of the individual firms and drive the continued formation of new investment funds. This creates a tremendous growth opportunity for Dynamo, whose products are already trusted by many of the largest managers and allocators in the industry.”

“It has been both gratifying and exciting to be a part of Dynamo’s tremendous growth the last four years,” commented Peter Christodoulo, Partner at Francisco Partners. “Dynamo has now built the most comprehensive cloud platform in the alternatives industry and we are proud to continue our partnership with CEO Hank Boughner and Founder & CPO Krassen Draganov as the company continues its growth story.”

Raymond James & Associates, Inc. served as exclusive financial advisor and Kirkland & Ellis LLP served as legal counsel to Dynamo Software and Francisco Partners; and Bank of America served as exclusive financial advisor and Weil Gotshal & Manges LLP served as legal counsel to Blackstone.

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