LLR Partners has made an investment in Archer, a technology-enabled service provider to the investment management industry. Archer provides a middle and back office service that seeks to help investment managers to maximize operating efficiencies.
“Investment managers are under intense pressure from fee compression to drive operational efficiencies. At the same time, investor appetite for customized investment products is rapidly increasing,” said Ryan Goldenberg, principal at LLR Partners. “Archer’s solutions were built from the ground up to streamline the launch and management of these investment products while delivering the highest quality customer experience.”
“Our clients are looking for ways to accelerate growth and simplify operations, particularly as they launch and distribute increasingly customized products at scale,” said Bryan Dori, president and CEO of Archer. “LLR’s experience investing in businesses in the investment management technology sector will be a tremendous value-add as we take Archer, our technology and client service to the next level.”
“We’ve known Archer a long time as Philadelphia-based investors in the financial technology sector,” said Mitchell Hollin, partner at LLR Partners. “We’re excited to partner with Bryan and the entire Archer team and look forward to helping support the company’s growth.”
Raymond James & Associates served as financial advisor to Archer on the transaction.