Structured finance software solutions provider Principia Partners has said that Serone Capital Management has chosen its Software-as-a-Service (SaaS) Platform for consolidated portfolio management, risk surveillance and operational control across its European credit investment business.
Serone is an asset management and advisory firm that focuses on European credit opportunities. Authorized and regulated by the Financial Services Authority since 2010, the firm was founded by players in the sectors of distressed, structured, real estate and corporate credit. Serone currently concentrates on credit investment strategies where the primary aim is to capture opportunities in volatile and dislocated credit markets.
"The software's track record of supporting the due diligence, risk and operational requirements of credit investment businesses was a major factor in our selection of Principia," stated Adrian King, COO of Serone. "Principia will streamline portfolio management activities across our investment mandates and will ensure we have a platform to perform the proactive risk management and reporting that our investors will demand."
"Asset management firms with a robust approach to credit investment portfolio and risk management can benefit from the breadth of support and operational controls provided by our solution," said Douglas Long, EVP Business Strategy at Principia. "We look forward to seeing Serone take advantage of the enhanced investment analysis, cashflow and risk surveillance capabilities now available to them."