AB Private Credit Investors (“AB-PCI”) acted as Administrative Agent and sole lender for senior secured credit facilities that supported Broadway Technology’s acquisition of Barracuda FX. Broadway Technology is a portfolio company of Long Ridge Equity Partners.
Broadway Technology is a leading provider of high-performance fixed income and foreign exchange (“FX”) solutions to buy-side and sell-side clients. Barracuda FX is a market leader in the FX order management space – developing the functional capabilities, technology platform, and service infrastructure to meet the needs of the demanding modern FX market. The combination of the two companies will ensure an enhanced executive-level focus on FX and accelerated product roadmaps for clients who want to expand across asset classes. Together, the companies now serve 50% of the global top 50 banks.
Founded in 2007, Long Ridge invests in growth stage companies that are transforming financial and business technology. With over $400 million of committed capital, Long Ridge partners with visionary entrepreneurs to build sector leaders. Long Ridge is based in New York City and can be contacted at www.long-ridge.com.
All rights reserved. AB Private Credit Investors is a trademark of AllianceBernstein L.P. and its affiliates. The [A/B] logo is a service mark of AllianceBernstein and AllianceBernstein® is a registered trademark used by permission of the owner, AllianceBernstein L.P.
This announcement is not a recommendation of, or offer to buy or sell any security or financial instrument.