Investment Software Industry Veteran Dean Schaffer Appointed Chief Executive Officer
Growth Investment to Strengthen Exemplary Client Service and Accelerate Product Roadmap
BOSTON–(BUSINESS WIRE)–Lightkeeper, a leading provider of data, analytics, risk management, and reporting solutions for investment managers, today announced a growth investment from PSG, a leading growth equity firm that specializes in partnering with software and technology-enabled services companies to drive transformational growth.
Alongside the investment, industry veteran and PSG Senior Advisor Dean Schaffer has been appointed as Chief Executive Officer to lead Lightkeeper’s next phase of growth. Lightkeeper’s senior management team will remain with the company, with Danny Dias transitioning to Chief Product Officer to focus on product innovation.
With PSG’s investment and Schaffer’s leadership, Lightkeeper will aim to accelerate product innovation and continue delivering high-quality client service to meet the evolving needs of investment managers.
Lightkeeper’s dynamic, centralized platform equips investment managers with tools to generate actionable insights on both investments and ideas. Its flagship product – Portfolio Intelligence – aggregates and enriches data from multiple sources, enabling custom queries, analysis, visualization, and reporting. Its fast-growing Idea Analytics Software product tracks every stage of idea flow, providing behavioral and decision analytics on investment ideas that did and did not make it into the portfolio. By seamlessly integrating with existing systems, Lightkeeper enhances data accessibility while automating historically manual processes.
Schaffer brings deep expertise in scaling investment technology firms. Most recently, he led the Capital Administration Division at Alter Domus, following its acquisition of Investors Economic Assurance (IEA), where he served as President. At IEA, Schaffer drove growth, operational scale, and go-to-market strategy, positioning the company as a leader in the alternative investment industry.
“From my perspective, Lightkeeper has cemented itself as the analytical backbone for the investment management ecosystem. I’m excited to lead the company at a time when the pace of change in the financial markets continues to underscore the power of the data-driven decisions our platform provides,” commented Schaffer. “PSG’s investment is an exciting development for our clients; their software expertise and hands-on operational support will be invaluable in Lightkeeper’s next chapter of growth as we continue to innovate our suite of tools with client service at the core of everything we do.”
“The surge in data volume, complexity, and reporting demands has made automated, data-driven analytics essential for investment managers,” added Bill Skarinka and Chris Andrews, Managing Directors at PSG. “Lightkeeper’s intuitive platform is built to address this need, and we’re excited to partner with Dean and the team to drive their momentum forward.”
“It’s been an incredible journey building Lightkeeper alongside my co-founders Tish and Larry. I’m thrilled to welcome Dean and PSG as partners in the next chapter of our evolution,” said Danny Dias, Co-Founder and Chief Product Officer of Lightkeeper.
Weil, Gotshal & Manges LLP served as legal advisor to PSG. Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. served as legal advisor, and Houlihan Lokey served as the exclusive financial advisor to Lightkeeper.
About Lightkeeper
Lightkeeper provides data management, advanced analytics, and insights for investment managers to streamline, evaluate, and enhance investment and business processes across the entire organization. Recognized as an industry-leading portfolio intelligence and reporting platform, Lightkeeper serves 140+ clients representing approximately $500bn in AUM.
About PSG
PSG is a growth equity firm that partners with software and technology-enabled services companies to help them navigate transformational growth, capitalize on strategic opportunities, and build strong teams. Having backed more than 150 companies and facilitated over 520 add-on acquisitions, PSG brings extensive investment experience, deep expertise in software and technology, and a firm commitment to collaborating with management teams. Founded in 2014, PSG operates out of offices in Boston, Kansas City, London, Madrid, Paris, and Tel-Aviv. To learn more about PSG, visit www.psgequity.com.
Contacts
Jackie Ryan
pro-psg@prosek.com
