Backstop Solutions Group on Monday acquired alternative investment data and index provider BarclayHedge.
Terms were not disclosed, a Backstop spokesman said. Sol Waksman, founder and president of BarclayHedge, will become president of the new Backstop BarclayHedge division.
BarclayHedge data and services will continue to be offered in both stand-alone and integrated form with Backstop services, the spokesman said.
Backstop provides customer relationship management software for funds of funds, pension funds, endowments, foundations, investment consultants, hedge funds and private equity firms.
BarclayHedge provides proprietary data access to 2,200 alternative investment managers and 6,900 funds.
