New York – Lionpoint Group (“Lionpoint”), a global leader in alternative investments operational consulting and advisory, has partnered with Abbott Capital (“Abbott”) to implement a fully integrated back-office solution across all of Abbott’s investment activities. Lionpoint acted as project manager and lead consultant working closely with Abbott business representatives and eFront resources to configure and deploy eFront’s accounting product, eFront Invest. Abbott manages some $7bn of private equity assets in the US.
Paolo Parziale, Managing Director, Corporate and Fund Accounting, at Abbott, said: ““The completion of the Accounting project has enabled us to streamline our internal processes and maximize the benefits of a single platform. Partnering with Lionpoint Group on this implementation contributed to the success of this important project.”
Jason Almeida, head of the eFront practice at Lionpoint Group, said: “This project has been delivered through a combined team effort with Abbott Capital, Lionpoint Group and eFront all collaborating to see this complex project through to a successful delivery.”