Icap Buys Enso

Enso will now be a subsidiary of Icap's Post Trade Risk and Information (PTRI) division. Its founders ─ Matthew Bernard, Michael Gentile and Dwaine Alleyne ─ will remain in leadership positions and report to PTRI chief executive officer Jenny Knott.

Euclid Opportunities and Icap have history with Enso, with Euclid investing with the data analytics provider in June 2013, and again in October 2014. Steve Gibson, managing director of Euclid Opportunities, sits on Enso's board of directors.

"Our clients are seeking solutions to the structural trends of regulation, electronification, and standardization that are driving change throughout the industry," Knott said in a statement. "We feel Enso perfectly complements our existing post-trade client offerings and we are very excited about the synergies and many opportunities we see to expand our products and analytics services to the hedge fund and the buy side community."

Enso, which has more than $1 trillion in total assets under advisory, provides portfolio analytics to hedge funds and asset managers. It has a team of brokerage, asset management, technology and data specialists who deliver operational insight on credit risk, collateral management, portfolio financing and treasury functions.

Bernard, co-founder of Enso, said in a statement that being part of ICAP "will propel our expansion and innovation strategy even further."

Icap has made a number of investments through Euclid Opportunities with an eye towards growing its portfolio through emerging companies, new platforms, business models, and technologies.

These investments include data control services provider Duco, risk analytics platform OpenGamma, collateral management automation collaboration AcadiaSoft, global regulatory reporting specialist Abide Financial, and distributed ledger technology developer Digital Asset Holdings.