Insight Venture Partners has invested more than $40 million in eVestment, an investment Data Company located in Marietta, Ga.

Deven Parekh, a managing director of Insight, explains that when large pension funds or institutional investors are making investment decisions, they need accurate data across multiple managers to make the best allocation decision. .”eVestment is providing them that data on a global basis,” Parekh says.
Evestment software suite provides data, insight and analysis on investment trends to institutional investors, such as consultants, wealth investment managements and pension fund managers.

The eVestment platform is used for manager selection, and asset allocation and analysis for money managers, hedge fund managers, plan sponsors and consultants.

The venture-backed company’s service includes tools that provide market intelligence on global investment trends, data on funds’ financial performance, asset allocation and managers’ background and compensation.
EVestment plans to invest $10 million in an expansion that will create about 100 jobs this year.