MJ Hudson has bought private equity fund and portfolio performance specialist PERACS in a further expansion of its data and analytics division.
PERACS helps private equity managers understand exactly how their performance is differentiated and supports investors in their quest for best-in-class fund selection.
The PERACS team - including chief executive Professor Oliver Gottschalg - will remain fully active in the business, which will trade under the name of MJ Hudson Fund Performance Analytics.
This is the fourth acquisition into MJ Hudson's data and analytics division in two years - following the acquisition of marketing analytics business Meyler in March 2020; ESG consultant and reporting business Spring Associates Responsible Investor Services in July 2019; and FX and custodian benchmarking analytics firm Amaces in December 2018.
MJ Hudson's data and analytics division now makes up around one third of the broader group.
Chief operating officer and head of its data and analytics division Odi Lahav said: "The acquisition adds yet more proprietary methods, models, and tools to MJ Hudson's data and analytics division, supporting our ambition to bring greater transparency to the expanding alternatives industry.
"We have already identified a number of existing MJ Hudson clients who will benefit greatly from fund performance analytics and there are, likewise, PERACS clients that we can introduce to the wide range of services provided by MJ Hudson. Looking further ahead, the deal helps us to power the next generation of analytical software tools for our clients, built with machine learning techniques by our own developers."
Gottschalg added: "With the additional resources and market platform this transaction affords, we will be able to accelerate the release of new tools and provide our clients with an even better service. In particular, the breadth and depth of MJ Hudson's services and its international network both provide exceptional opportunities for growth."