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Oxane gears up for 2023, building on last year's momentum
By: Oxane Partners
As the private markets industry is growing, there's an increased demand for solutions that support scalability and digitalization initiatives, and Oxane continues to innovate in the space to better serve its clients. In 2022, Oxane crossed the milestone of working with over 100 institutional clients that include global banks, private credit funds, private equity funds, and institutional asset managers. Currently, the firm serves 13 of the top 25 global investment banks and has over $350bn in assets running through its solutions. This puts Oxane well on its way to becoming the largest independent solutions provider for private markets globally.
"Last year was a pivotal year for us as we achieved significant growth across our solutions, strengthened our relationships with existing clients, and welcomed new ones. As we enter 2023, we anticipate that investment firms will continue to seek out solution partners over vendors to drive strategic technology and operational objectives. We are at the forefront of this industry shift and excited to continue providing innovative solutions that drive the industry forward", said Vishal Soni, Co-Founder and Managing Director of Oxane.
To further support its growing global clientele, Oxane set up a new office in Hyderabad, India serving as another center of excellence for cultivating its expanding talent pool. Last year, the firm hired over 125 professionals exceeding its projections of adding 100 team members and plans to continue ramping up the team well into 2023 to support the business growth.
Oxane's performance last year earned it the 'The Rising Star' recognition and category winner for innovation in private credit operations and technology by Chartis Research in their 2023 RiskTech100 report. The firm also received awards like 'Best Buy-Side Portfolio Analysis Tool' by WatersTechnology and 'Best Valuations Service' by the European Credit Awards 2022, among many others.
"Our strong growth last year reflects how our solutions are high on client relevance and enable them to stay ahead of the curve in this current economic environment. As we see investment firms increase their allocation to private markets, we're well-positioned to support their growth with a breadth of solutions across portfolio management, managed data services, staff augmentation, and independent valuations. We will continue to partner with our clients and drive their success as we remain steadfast in our mission of simplifying, digitalizing, and transforming private markets". said Kanav Kalia, Head of Marketing and Sales.