With Intelligence, the leading provider of investment intelligence for allocating, fundraising and business development, today announces the acquisition of FolioMetrics, an established provider of CRM and research management solutions for hedge funds and other investment firms.
This marks With Intelligence’s seventh acquisition since February 2020 and the first since With Intelligence received a majority investment from Motive Partners (“Motive”), a leading specialist private equity firm focused on financial technology.
The acquisition of FolioMetrics enhances With Intelligence’s fund-raising offering by allowing those at asset managers to action proprietary investor intelligence in a workflow tool.
Charlie Kerr, founder and CEO, With Intelligence comments, “The acquisition of FolioMetrics is a key milestone in With Intelligence’s journey from data platform to an asset raising workflow tool and subscription platform. Adding FolioMetrics to our offering means that we can now offer the best solution in GP asset raising – making us the only provider in the market who offer both market leading LP data and a CRM solution.”
Paul Dell, CEO at FolioMetrics added, “FolioMetrics was founded in 2012 and our steadfast commitment to innovation, exceptional customer service, and a customer-centric approach has meant FolioMetrics has experienced consistent growth, earning the trust of prominent investment firms worldwide.”
“Joining With Intelligence will allow us to provide our solutions to a wider audience, leveraging With Intelligence’s global position and existing hedge fund client base. As clients of With Intelligence prior to the acquisition we have a deep understanding how they help GPs raise assets and how FolioMetrics can add value – reinforcing our dedication to delivering exceptional solutions to our clients.”
All FolioMetrics staff will sit within With Intelligence’s London, UK HQ.
Highlights in the With Intelligence Private Equity Outlook 2025
Big Tailwinds… And Headwinds:
Overall, With Intelligence projects that private equity fundraising will rise in 2025 but remain below peak levels. Significant tailwinds that could drive notable improvement this year are the increasing size of private market opportunities, an easing exit environment, technological innovation (particularly around AI) and increased interest from new capital sources. Major headwinds include elevated interest rates, geopolitical and economic uncertainty, lingering fundraising challenges, and market saturation within the private equity space.
Private Wealth as an Alternative Funding Source
With many traditional pools of capital still overweight to private equity, private equity partners are increasingly seeking investment from private wealth channels across geographies. In 2024, With Intelligence tracked more than a dozen semi-liquid vehicles coming to market in the US alone. Eyes are now turning to how successful firms will be at scaling these products and getting traction with advisers and 401(k) providers.
Secondaries to Continue Unlocking Liquidity
Strong fundraising within the secondaries sector suggests that 2025 will be another big year for deal volume. Specialist secondaries products raised over $114 billion in fresh capital in 2024 with a further $120bn being targeted by funds in the market. With Intelligence believes the secondaries industry will continue to grow to fulfil surging demand.
Crowded Market to Experience Consolidation
With Intelligence forecasts further consolidation in the private equity industry, with larger traditional asset managers continuing to buy up private equity managers to seize new opportunities and broaden fee revenues. Elsewhere, underperforming managers, and those lacking clear succession plans, are likely to struggle to raise new capital, instead either opting to focus on current portfolios or being forced to wind down.
To access the full With Intelligence Private Equity Outlook 2025, please click here.
