Portfolio BI, a New York-based provider of data solutions for alternative investment managers, has secured a multi-million-dollar investment from Decathlon Capital Partners to enhance its artificial intelligence capabilities and expand customer support. Financial terms were not disclosed. The company serves over 175 clients managing more than $1 trillion in assets. Chief Executive Jonathan White said the funding will advance AI-driven tools that help private market asset managers access data for performance, exposure and risk assessment. The growth-debt financing structure protects existing shareholders from dilution and requires no change in management control or governance. It features flexible amortisation and no cost for undrawn capital. Portfolio BI has provided data solutions to the investment management community for over 20 years.

NEW YORK, March 20, 2024 /PRNewswire/ -- Portfolio BI, a world leader in investment management solutions to the alternative asset community, today announced that Jonathan White has been appointed as the new Chief Executive Officer, effective immediately.The decision to introduce fresh leadership is in line with the Supervisory Board's commitment to innovation to drive long-term value and support growth. Jeremy Siegel has agreed to step down as CEO following a successful five-year tenure, building a strong foundation for an ambitious new chapter.Alan Freudenstein, Chairman of the Supervisory Board said: "We are delighted to have secured Jonathan as Portfolio BI's new CEO. He will lead us into an exciting new era as we build upon the company's reputation for market-leading technology, being a great place to work for its people and as a trusted partner of choice.Jonathan is an excellent leader, and few know our space better than he does. His assured leadership and connection with colleagues, relentless focus on client needs, and deep understanding of the opportunities and challenges that lie ahead for the industry means he is the perfect choice. We are delighted that Jonathan has accepted the role and we are very confident about the expertise, culture, and executional rigor that we have put in place for the future."Jonathan White said: "It is a source of immense pride to be asked to lead Portfolio Bi, a truly outstanding business in its field with great people and great clients. As CEO, I see my role being focused on providing the talented professionals we have across the business with the tools they need to continue to positively impact our clients.For over 25 years Portfolio BI has gone above and beyond to serve the global investment management community working across complex asset classes