Pico secures $200 million investment from Golden Gate Capital

The capital will be used by the firm to pursue M&A opportunities and to improve its data offering and market coverage.

Infrastructure and technology provider Pico has secured a $200 million strategic investment from private equity investment firm Golden Gate Capital.

The firm said it will use the additional capital to build out its infrastructure and data offering, as well as its market coverage across regions and asset classes.

In addition, Pico will use the funding to pursue M&A opportunities that will help bolster the firm’s global ecosystem of technology and services.

The funding round follows Pico’s acquisition of trading and enterprise analytics solutions provider Corvil Analytics in 2019 and trading and market data software solutions provider Redline Trading Solutions more recently in January this year.

“We have made significant investments in global expansion, product innovation, operational excellence and in our organisation, thereby laying the foundation to support the next wave of substantial growth,” said Jarrod Yuster, chairman, founder and CEO at Pico.

 “Golden Gate Capital’s deep financial services experience and track record of successful acquisitions at their portfolio companies will help advance our strategy.” 

Pico currently boasts a growing list of strategic investors and clients including Goldman Sachs Asset Management, Wells Fargo Strategic Capital, JP Morgan, UBS and CE Innovation Capital.

“We look forward to partnering with Jarrod, the Board and the rest of Pico’s management team to accelerate the Company’s momentum by pursuing additional acquisitions and making additional investments in the business that enable Pico to deepen its leadership in the market and continue to capture additional growth opportunities,” said Dan Haspel, a managing director at Golden Gate Capital.