Compre Group expands into Alternative Investments with Clearwater

By Gloria Methri

Compre Group Holdings Limited, a Bermuda-headquartered international legacy group with operations globally, is expanding its partnership with Clearwater Analytics to include additional transparency into alternative assets.

Compre has grown rapidly and tripled its assets under management (AUM) in the last three years. To manage its alternative assets and achieve greater investment returns, Compre decided to use Clearwater LPx for transparency, exposure, and timely analytics. Clearwater is one of the leading providers of SaaS-based investment management, accounting, reporting, and analytics solutions.

Relying on its single instance, multi-tenant architecture, Compre will be able to expand its connections to alternative asset managers, resulting in more efficient operations.

“Over the last three years as we grew our investment portfolio, we leveraged Clearwater to streamline our investment accounting, reporting, and analytics work,” said Harsh Mittal, Deputy Group CFO at Compre. “Now, we are extending Clearwater’s capabilities to include additional details of our alternative asset portfolio, thereby allowing us to monitor and manage all our investments in a holistic, comprehensive manner.”

Compre’s business model involves new acquisitions of portfolios and companies that require the ability to effectively manage a total investment portfolio. Clearwater has been able to act as a growth enabler by consolidating all of Compre’s asset classes within a single platform, providing a single view, and ensuring investment accounting and reporting processes run without delays.

“We are excited that Compre is building on Clearwater’s powerful foundation,” said Scott Erickson, Chief Revenue Officer at Clearwater Analytics. “Our clients, like Compre, are driving asset growth and streamlined investment operations because of Clearwater’s investment solutions. Clearwater LPx enables organizations to automate a manual and cumbersome data aggregation process. This automation provides institutional investors unparalleled visibility and transparency into their limited partnership investments.”