African Capital Alliance (ACA), Nigeria's first institutional private equity fund manager and one of Africa's leading alternative asset management firms, has automated and streamlined its operations via FrontInvest, eFront’s flagship solution, which includes an investee portal.

Sam Oniovosa, ACA Group’s CFO, said: “eFront was chosen after a very intensive selection process. We are pleased with the quality of the implementation, which was managed within our budget, and we look forward to a long and productive partnership with eFront.”

Founded in 1997, ACA focuses on regional investments in the Gulf of Guinea.

ACA currently manages three active funds and has raised cumulative capital commitments of more than $700m.

eFront is a software provider of end-to-end solutions dedicated to the financial services industry with a recognized expertise in enterprise risk management, alternative investments and customer relationship management.

Due to its rapid growth, ACA required a single integrated solution to automate and streamline its mission-critical processes.

eFront was chosen to provide a full end-to-end implementation of FrontInvest including modules for fundraising, fund management, deal evaluation, portfolio management and fund accounting.

Through this implementation, ACA also has access to automated compliance checking, high-quality client reporting, deal and fundraising pipeline management, multi-GAAP accounting and an investee portal.

Jean-Philippe Gireaud, area sales manager at eFront, said: “This is a great new achievement for eFront. It further demonstrates our leading position in Africa and especially in Nigeria. We are proud to welcome ACA on board and hope to see them at next eFront client events.”