Kayenta Ltd (Kayenta), developers of hedge fund treasury software, have closed a capital raise.
The capital will be used to expand R&D resources and accelerate product development tailored to the needs of their hedge fund clients. Kayenta builds cloud native, API driven software that gives investment managers unparalleled transparency into their financing costs. The robust base offering with optional modules such as financing wallet, security level reconciliation, and securities finance data offers clients the opportunity to build the system that best fits their needs and price point.
The lead investor, South Street Securities Holdings, Inc (South Street), operates a leading repo dealer through its wholly owned broker dealer subsidiaries. Additionally, affiliates of South Street include technology company Matrix Applications, LLC, asset management company South Street Capital Management, and service-disabled veteran and minority owned broker dealer AmeriVet, LLC.
The investment was oversubscribed and in addition to South Street, a consortium of investors with deep knowledge and background in both the hedge fund and prime brokerage space participated in the offering.
