WINDSOR, Conn., Oct. 4, 2021 /PRNewswire/ — SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) at this time introduced that Mammoth Scientific, a well being science and expertise enterprise capital agency, has chosen SS&C as administrator and expertise associate for its inaugural $100 million fund. The fund will present enterprise capital to well being science and expertise firms maturing past seed rounds.
The enterprise capital agency is constructing a proprietary platform to allow registered funding advisors to entry enterprise capital investments for his or her retail purchasers. In consequence, they wanted a associate to offer confirmed unbiased fund administration for his or her new funds plus expertise to assist their retail consumer technique. After evaluating a number of distributors, Mammoth Scientific selected SS&C’s non-public markets answer, together with end-to-end fund administration with InvestorVision, SS&C’s investor reporting portal expertise.
“We chosen SS&C as a expertise associate for the launch of our inaugural fund due to its in depth expertise in non-public markets and its potential to ship revolutionary options to energy our imaginative and prescient,” stated Jud Mackrill, Chief Expertise Officer, Mammoth Scientific. “We needed to democratize the early-stage various funding entry and wanted a bespoke answer to assist the spine of our operations. SS&C has the know-how and the breadth of expertise to assist us.”
“We’re happy to associate with Mammoth Scientific within the launch of their revolutionary inaugural VC fund,” stated Bhagesh Malde, Normal Supervisor of SS&C GlobeOp Personal Markets. “Mammoth is paving the best way for accredited retail traders to entry new various funding alternatives with their revolutionary platform. As well as, SS&C’s non-public markets providing allows start-ups, reminiscent of Mammoth, to go to market and allow built-in operations shortly.”
About Mammoth Scientific
Mammoth Scientific is a enterprise capital firm that focuses on well being science and expertise funds. Co-founders Dr. Jay Yadav, Tommy Martin, Kim Mackrill, Dr. Matthew McGirt and Jud Mackrill present enterprise capital for well being science and expertise firms maturing past seed rounds. The Mammoth workforce consists of seasoned doctor entrepreneurs and extremely profitable operational managers, representing a twenty-year monitor report of making and investing in a number of profitable start-ups with giant exits to main world firms (e.g., Abbott Laboratories, Boston Scientific, Johnson & Johnson) or to the general public markets. To study extra about Mammoth Scientific and its $100 million Mammoth Well being and Tech Fund, please go to Mammoth.vc.
About SS&C Applied sciences
SS&C is a world supplier of companies and software program for the monetary companies and healthcare industries. Based in 1986, SS&C is headquartered in Windsor, Connecticut, and has places of work around the globe. Some 18,000 monetary companies and healthcare organizations, from the world’s largest firms to small and mid-market companies, depend on SS&C for experience, scale and expertise.