Crow Point Partners (CPP), an investment adviser providing global alternative investment management solutions, has entered a strategic partnership with FlowPoint Capital Partners.
The two Boston-based boutique managers will collaborate on existing and future product development. Additionally, Crow Point will provide FlowPoint with an outsourced operations platform.
Charles Trafton (pictured), FlowPoint’s founder, says: “Infrastructure costs impose a large burden on boutique firms like ours. By utilising Crow Point’s operations expertise, we can direct more resources toward the investment management process, which will be a significant advantage for our investors. We also look forward to developing and launching additional products together.”
Crow Point CEO Peter DeCaprio says: “The technology solutions available to large institutional investment managers today have revolutionised fund operations. However, they are extremely expensive. We can level the playing field for small managers by offering a complete outsourced operations platform at a fraction of the cost of an in-house solution, freeing managers to focus on what matters – performance and asset raising. Also, we gain access to FlowPoint’s proven and successful investment process, which was honed at some of the largest investment management firms in the US.
“Partnering opportunities such as this help us achieve Crow Point’s objective of providing unique alternatives for the retail and institutional markets. We appreciate FlowPoint’s idea-driven and disciplined approach to investing – the team’s proprietary market research and strategies are also of great value.”
As part of the alliance, Crow Point has made a passive, non-voting minority investment in FlowPoint, and DeCaprio has been named a member of FlowPoint’s advisory board.