“FFL has a deep understanding of our business and our target markets and has a great reputation for partnering with founder-led businesses like Abacus to help them scale,” said Grandi. “We look forward to partnering with Abacus Founder and CEO Chris Grandi and his management team as they invest further in supporting their existing clients and expand to new clients both organically and through strategic acquisitions.” “We have evaluated over 25 MSPs in the last three years and Abacus is the clear leader in the industry due to the strength of its management team, leading cloud platform, and service approach purpose-built for financial services companies that cannot afford to compromise on compliance and cybersecurity,” said Jonathon Bunt, Director at FFL. Founded in San Francisco and headquartered in New York City, Abacus has over 250 employees and serves more than 650 clients with on-site support teams in every major financial city across the U.S. The innovative and award-winning Abacus Cloud platform allows investment managers to source all technology as-a-service, offering the capacity to scale on-demand to meet current and future IT, cybersecurity, and compliance requirements. Terms of the private transaction were not disclosed.įounded in 2008, Abacus manages clients’ entire IT stack via a tech-enabled streamlined offering specifically designed for the unique needs of the financial services industry. SAN FRANCISCO & NEW YORK-( BUSINESS WIRE)-FFL Partners (“FFL”), a private equity firm focused on growth investments in tech-enabled business services and healthcare companies, today announced that it has completed a strategic growth investment in Abacus Group (“Abacus,” or “the Company”), a leading financial services-focused IT Managed Services Provider (“MSP”) specializing in hedge fund, private equity, venture capital and family office clients.

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