Investment Services News

Allvue Systems Announces New Senior Leadership Team Members as It Prepares for Future Growth

Allvue Launches New Portfolio Management Solution for Limited Partners

Company building on outstanding fourth quarter; begins 2020 with new customer wins

Allvue Systems, a leading alternative investment technology solutions provider, announced its new senior leadership team of proven industry leaders who will guide the company through its next phase of growth. Joining Rey Acosta, chief executive officer, Ryan Keough, chief revenue officer, Brandon Meeks, chief technology officer, credit, and Custodio Toledo, chief technology officer, private equity, are three new team members. Erik DiGiacomo joins as chief operations officer, Brian Seldess as chief financial officer and Joe Plavetic as chief human resources officer. The company announced it is also celebrating recent customer wins, having signed over twenty new companies including two of the top five banks in the U.S. These victories helped contribute to strong results in the fourth quarter of 2019.

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Each new executive team member brings extensive, relevant experience in the fintech sector and an exceptional leadership track record. Together, the team will help accelerate recent momentum and drive growth as it undertakes a decisive plan to increase market share, support innovation, deliver a best-in-class technology offering, all with the best customer support in the industry.

“The talent and caliber of this leadership team is unmatched within our industry and brings an ideal blend of seasoned leadership and fresh perspectives,” said Rey Acosta, CEO, Allvue. “We are united in Allvue’s value proposition and our opportunities for expansion. Our innovative customer offering is simply unparalleled.”

The company also announced the departure of Kevin MacDonald, chief operations officer. Prior to Allvue, Mr. MacDonald was co-founder and president of Black Mountain Systems.

“I would like to thank Kevin for his integral role in the company’s transition. Kevin is a renowned leader, visionary and innovator in our industry. His successful leadership of Black Mountain was central to the exciting creation of Allvue and its high growth potential. I wish him best of luck in his future endeavors,” added Acosta.

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In September 2019, Vista Equity Partners acquired AltaReturn, a leading global provider of cloud-based, end-to-end technology solutions for the private capital and family markets. As part of the acquisition, AltaReturn was combined with Vista portfolio company, Black Mountain Systems, to form Allvue Systems. With the combined entity, Allvue pairs AltaReturn’s private equity expertise with Black Mountain’s credit knowledge and is now the market leader in alternative investment solutions, serving 50 of the top 100 CLO managers, with more than $2.5 trillion of assets, 90,000 LPs, and $60 billion of family office assets on its platform.

Allvue’s complete software offering uniquely addresses industry needs by creating a streamlined process for asset managers, credit investors, and limited partners – as a single technology provider focused on meeting the needs of both single-strategy and multi-asset firms and administrators. By creating one seamless view of critical data, Allvue’s solutions break down barriers to information and enable optimized decision-making and implementation at the highest level.

“The market is responding extremely well to our offering as we begin 2020 with new client wins. The growth potential in the alternative investment industry is tremendous. Backed by a strong team and our ability to meet customers’ evolving needs in innovative ways, we are extremely well-equipped to capitalize on this opportunity and expand our leadership position in 2020,” added Acosta.

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