eVestment, a provider of traditional and hedge fund data and analytics for the institutional investing community, acquired TopQ, an Edinburgh, Scotland-based provider of private equity analytics platform.
The amount of the deal was not disclosed. is launching new offerings in the private equity and venture capital arenas.
TopQ will enable eVestment to serve institutional investors who are increasingly investing in private market funds. At the same time, the acquiring company is announcing the pending launch of a new and expansive private equity dataset in the second half of 2015 and will begin development immediately to integrate TopQ with the new eVestment dataset.
At launch, the dataset will provide a view of limited partners and key information about their fund line-ups. eVestment will also provide universe level information by geography, vintage year, industry focus, stage focus and fundraising status so that similar funds can be more easily compared.
Founded in 2013 by Graham Paterson, Graeme Faulds and Drake Paulson, TopQ provides private equity limited partners with cloud-based tools to conduct due diligence both pre- and post-commitment with the ability to screen fund facets, dissect track records and analyze investment scenarios in multiple ways. Private equity general partners use it as a method for sharing information while fundraising, distributing ongoing results with investors, and, in the near future, to benchmark and compare their funds with the broader private equity market.