NBK Capital’s alternative investment group has chosen eFront’s FrontInvest platform to help streamline and improve dealflow and portfolio company management. The implementation of the new system brings new technologies and improves existing ones, which will boost the group’s continued efforts to enhance efficiency and increase business productivity. NBK Capital is the investment banking arm of the National Bank of Kuwait.

 

FrontInvest will enable the group to better consolidate data, streamline access to information and integrate its previous implementation of eFront’s Investment Café investor portal.  The FrontInvest system includes deal flow management, portfolio management, fund raising modules and an investee portal for portfolio company reporting.

 

“With investments in over 20 companies across five countries, we needed a single integrated solution to better support our deal origination, portfolio management and investor relations functions,” said Amjad Ahmad, senior managing director and head of alternative investments at NBK Capital. “FrontInvest provided an ideal platform that is both sophisticated and scalable.”

 

“This FrontInvest go-live really demonstrates the value of fielding local support teams and validates our continuing investment in them,” commented Tarek Chouman, eFront’s COO for Asia and the Middle East. He added, “The NBK Capital team knew what they wanted and we delivered on all their requirements, quickly and effectively.”