Private Equity Wire European Credit Annual Awards Program Recognizes Dynamo’s Excellence in Providing a Performance Edge with Its Fund Accounting Software for Global Asset Managers
BOSTON–(BUSINESS WIRE)–#AlternativeInvestments–Alternative investments FinTech Dynamo Software has been recognized as the “Best Alternative Fund Accounting and Reporting Software” as part of the annual Hedgeweek and Private Equity Wire European Credit Awards. Dynamo was nominated for the honor after a widespread survey of more than 100 credit fund managers and other key industry professionals. The winners were announced on October 26 at an awards gala held at Convene Bishopsgate in London.
Global investor interest in the alternatives (ALTS) market continues to surge, with assets under management (AUM) projected to double by 2026 to $23 trillion. Amid this growth, there is an increased need for fund accounting teams to leverage FinTech that addresses the increasing complexity, compressed deadlines, expanded fund structures, and tighter staffing budgets they face.
“We are honored to be part of this year’s Hedgeweek and Private Equity European Credit Awards program, and especially want to thank our clients and partners who nominated our accounting software,” said Hank Boughner, CEO of Dynamo.“ As we head into the busiest season for accountants, we will work diligently alongside our clients to ensure they are able to produce the financial packages needed. We will also continue to actively listen to client feedback and enhance Dynamo Accounting to ensure we retain our moniker as the ‘Best Fund Accounting and Reporting Software.’”
To further support global accountants, Dynamo’s team also regularly produces a number of educational materials including blogs and podcast-type videos on DynamoTV. Recent content has underscored the impact of the recent SEC rulings on the regulation of private funds and outlined key actions for fund administrators to take. Learn more about the awards and recognition Dynamo has earned throughout 2023.
About Dynamo Software, Inc.
Dynamo gives alternatives investors a Performance Edge, empowering them to efficiently scale their firm to capitalize on the growing wave of private market opportunities. With the Dynamo Alternative Investment Platform, Limited and General Partners can now run a tightly integrated firm, putting all their data to work to accelerate operations across front, middle, and back office, unleashing teams to work smarter, and allowing leaders to make better investment decisions and scale their firm. Dynamo has a global footprint with operations across North America, EMEA, APAC, and UAE. For more information, please visit DynamoSoftware.com.