USA – FFL Partners, a private equity firm focused on growth investments in tech-enabled business services and healthcare companies, completed a strategic growth investment in Abacus Group, a New York City-based financial services-focused IT Managed Services Provider specializing in hedge fund, private equity, venture capital and family office clients.
Terms of the private transaction were not disclosed.Founded in 2008, Abacus manages clients’ entire IT stack via a tech-enabled streamlined offering specifically designed for the unique needs of the financial services industry. The Abacus Cloud platform allows investment managers to source all technology as-a-service, offering the capacity to scale on-demand to meet current and future IT, cybersecurity, and compliance requirements. The firm has over 250 employees in offices in New York, NY; San Francisco, CA; Boston, MA; Dallas, TX; Greenwich, CT; Los Angeles, CA; Charlotte, NC; Miami, FL; and London, England. and serves more than 650 clients with on-site support teams in every major financial city across the U.S. and the U.K.01/07/2022
