Press Release

Backstop Solutions Group Secures $20 Million Financing Round

Leading productivity SaaS provider to the institutional investment industry to accelerate growth, execution of product roadmap, and potential acquisitions

CHICAGO, IL — Backstop Solutions, the leading cloud-based productivity suite provider to the institutional investment industry, today announced it has completed a $20 million round of financing. Existing and new investors participating in the round include Roger Kafker, a 30-year veteran investor in the asset management space, Tao Huang, former COO of Morningstar, David Bradley, President of Huizenga Capital Management. and Vistara Capital Partners. Financial Technology Partners (“FT Partners”) served as exclusive strategic and financial advisor to Backstop Solutions on this transaction.

This round of financing builds on an outstanding year for Backstop, which saw a rapidly growing roster of clients, key executive appointments, and market momentum. Backstop appointed industry veterans John Pettit, Greg Fujii, Nancy Wells, and Chad Erwin to the company’s executive ranks, and its client roster grew to nearly 800 institutional and alternative investment firms.

“As the asset management industry continues to grow, so does the demand for solutions that make investment and operations professionals more productive and effective,” said Roger Kafker. “With its sterling reputation as the platform of choice for both alternative asset owners and managers, Backstop is poised to extend its market position as the premier productivity suite provider to this space.”

Backstop’s platform helps the institutional investment industry optimize their investment process through more efficient research management, portfolio management, and client relationship management. Backstop’s broad productivity suite also includes such products as an investor portal, investor relations, and accounting.

“We’re very excited to partner with Backstop as it looks to achieve on its growth objectives,” said Randy Garg, Managing Partner of Vistara Capital Partners. “Led by its seasoned management team and world class industry advisors, Backstop is ideally positioned to grow its already impressive global customer base.”

“Backstop is in a unique position to grow and consolidate our leadership in this industry,” said Backstop’s Chairman of the Board and Chief Executive Officer, Clint Coghill. “Having the financial backing, vision, and industry-leading experience of our investors will help us achieve our vision even more rapidly and fulfill our mission to help institutional investors maximize every minute of their time.”

About Backstop Solutions Group, LLC Because every minute matters, Backstop’s mission is to help the institutional investment industry use time to its fullest potential. We develop technology to simplify and streamline otherwise time- consuming tasks and processes, enabling our clients to quickly and easily access, share, and manage the knowledge that’s critical to their day-to-day business success. Backstop provides its industry-leading cloud-based productivity suite to investment consultants, pensions, funds of funds, family offices, endowments, foundations, private equity, hedge funds, and real estate investment firms.


Maryling Yu
VP of Marketing
(312) 277 1189

Contact Us

Media Contact
Maryling Yu
+1 312 277-1189

Chicago Headquarters
Backstop Solutions Group
233 S. Wacker, Suite 3960
Chicago, IL 60606 USA

20 St Dunstans Hill
United Kingdom

New York
151 West 25th Street
6th Floor
New York, New York 10001

Phone Numbers

Main: +1 312 277-7700
International: +0 800 069 8582
Sales: +1 312 277-7701
Support: +1 312 277-7702
Fax: +1 312 775-0217