Andrew Ralich

Chief executive and co-founder of oneZero, Andrew Ralich, said: “Golden Gate Capital’s investment is a seamless extension of our beneficial relationship with LMP. This next stage investment, alongside LMP’s continued support, validates the clear opportunity we see to expand our role as a leading technology partner in the global OTC asset trading market. 

“[Golden Gate Capital’s] extensive resources and deep industry expertise will help us accelerate investment in our team and our organic product roadmap, while also expanding opportunities to grow the business through M&A.” 

Golden Gate Capital is a new investor, and will support oneZero alongside the businesses current financial partner, Lovell Minnick Partners with whom it entered a partnership in 2019. 

Read more: Pico secures $200 million investment from Golden Gate Capital

“oneZero’s recent momentum reinforces the strength of its development roadmap and organic growth strategy as it continues to drive differentiated and intelligent performance for its clients,” asserted Dan Haspel, managing director at Golden Gate Capital, speaking about the investment.

“We are confident that oneZero has the right leadership team and strategic plan in place to continue this impressive momentum and are thrilled to support the Company in the next chapter of its growth story.”

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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.

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