Houlihan Lokey Advises Colmore

Houlihan Lokey is pleased to announce that Colmore has been acquired by Preqin in a transformative transaction for the private markets investment technology sector. The transaction closed on August 5, 2021.

Colmore is a market-leading private markets technology, services, and administration business focused on the limited partner and allocator market. Colmore’s key solutions include portfolio monitoring, analytics, fee tracking and validation, and fund administration services. The rapidly growing business monitors more than 3,000 private market funds and more than 40,000 holdings. Founded in 2017, Colmore currently employs over 180 professionals, operating from four offices located in New York and Dallas in the U.S. and London and Birmingham in the U.K.

Preqin is the foremost provider of data, analysis, and insight to the alternative assets industry. The company supports over 110,000 professionals globally in raising capital, sourcing deals and investments, and understanding performance by providing them with the most comprehensive data and insight in the alternatives industry. Preqin is headquartered in London and opened its 12th global office in Dubai in 2020.

This acquisition further enhances Preqin's position as a leader in the private markets with a growing number of institutional investors continuously demanding cutting-edge technology, data, and integrated accounting and administration services. The new alliance with Colmore will allow Preqin to serve its clients across the entire private market investment lifecycle—from fundraising to due diligence and portfolio monitoring. Preqin also intends to enhance its market-leading benchmarks in partnership with Colmore, giving the clients of both companies the ability to compare their performance against the industry’s most accurate, timely, and transparent data. Colmore will be fully owned by Preqin and run as an independent and standalone business.

Houlihan Lokey served as the exclusive financial advisor to Colmore and assisted in initiating, marketing, structuring, and negotiating the transaction on its behalf.

The transaction highlights Houlihan Lokey’s leading advisory practice in the fintech and data and analytics sectors and represents a major credential in the asset management technology vertical. Other relevant Houlihan Lokey transactions include Broadridge’s acquisition of Itiviti, EQT’s acquisition of RIMES, Dynamo’s sale to Francisco Partners, SharesPost’s sale to Forge, and RetireUp’s sale to Tegra118/Motive Partners.

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