Aquiline will provide growth capital to fund HedgeServ's development and expansion.

HedgeServ uses a new technology platform to provide its clients with access to the real-time information required to run their businesses, from trading and managing risk through providing information to investors and regulators.

The company is led by James Kelly and Gene Mannella, founders of International Fund Services, and Robert Aaron, founder of DPM.

'With its record of success in building hedge fund administration companies and creating solutions for the evolving hedge fund industry, HedgeServ's entrepreneurial management team positions the company well to address current market dynamics,' says Jeff Greenberg, chief executive of Aquiline (pictured). 'It is an opportune time to back an industry participant with HedgeServ's unique capabilities and service model.'

'Recent industry events have made real-time access to data on positions, pricing and risk critical issues for industry participants. HedgeServ provides hedge fund managers with an efficient means to address these key issues,' adds Kelly. 'Aquiline's depth of experience in the asset management industry makes them an ideal partner for HedgeServ as it builds its business.'