Hazeltree announced the expansion of its zConnect platform to bolster bank connectivity capabilities which drive fund performance while also enhancing efficiency, security, and operational excellence for hedge funds, private equity firms, and fund administrators.
zConnect supports large, complex hedge funds by providing connectivity with prime brokers, custodians, and ISDA counterparties. As Hazeltree has grown, the platform has evolved to serve a broader spectrum of the alternative investment market, including private equity firms that require intricate global banking connections.
This expansion means that zConnect connects to thousands of banks worldwide in partnership with FIDES and Necto, making it one of the most comprehensive bank connectivity networks in the industry.
Bank connectivity for alts
Effective bank connectivity is crucial for firms operating in the hedge fund and private equity spaces so that they can maximize fund performance through their treasury function. By automating the flow of financial data between organizations and their banking partners, Hazeltree zConnect eliminates manual intervention, reduces errors, and provides real-time visibility into cash positions.
This facilitates improved liquidity management, securities financing, faster reconciliation, and enhanced security through standardized data exchange protocols.
Prime brokers remain a vital partner for hedge funds, offering advanced platforms that integrate with hedge funds’ trading systems. These platforms, often API-enabled, facilitate real-time data exchange, trading, and portfolio management. In cases where APIs are not supported, Hazeltree’s P2P connectivity ensures a reliable, industry-standard solution for managing ISDA collateral and other financial activities.
For private equity firms, the need for robust bank connectivity is equally important. Hazeltree’s clients in the private equity sector often manage hundreds of banks across complex legal entity structures, supporting a range of investments from private to public markets. With zConnect, these firms can effectively manage subscription line financing, cash, liquidity, and capital calls.
Through partnerships with Fides and Necto, Hazeltree has extended its network to include thousands of bank connections globally. This allows clients to scale their operations, enhance decision-making, and maintain compliance with ever-evolving regulatory standards.
“Bank connectivity is at the heart of Hazeltree’s value proposition,” said Paul Gallant, Hazeltree chief product officer, in a statement. “Our platform not only provides the tools needed to manage liquidity and risk more effectively but also ensures that our clients—whether in hedge funds or private equity—can leverage the global financial network to its fullest potential. With zConnect’s expanded capabilities, we are setting a new standard for bank connectivity in the alternative investment market.”