7RIDGE

7RIDGE is a private equity firm based in New York, founded in 2021. It specializes in managing private market assets, focusing on investments in financial services and transformative technologies. The firm targets enterprise-facing technologies relevant to trading, capital markets, and investment management primarily in Europe and North America. As a Registered Investment Adviser, 7RIDGE is committed to navigating the complexities of these sectors to identify growth opportunities and deliver value to its investors.

Veronica Augustsson

Partner

Carsten Kengeter

Founder

Carsten Kengeter

Partner

Colin McGowan

Associate

Shawn Ng

Managing Director

Michael Stewart

Partner

3 past transactions

American Financial Exchange

Acquisition in 2023
American Financial Exchange, LLC is a self-regulated exchange based in Chicago, Illinois, founded in 2015. It provides a centralized, electronic marketplace designed to help small and mid-sized American banks meet their interbank funding needs. By connecting banks and financial institutions, American Financial Exchange offers benchmark interest rates that reflect the actual borrowing costs of these institutions. The platform facilitates daily transactions of overnight unsecured loans, enabling participants to access necessary funding while also ensuring transparency in the borrowing costs associated with interbank lending. The company has established a strategic partnership with Citi to enhance its services.

Trading Technologies International

Acquisition in 2021
Trading Technologies International is a developer of professional trading software designed for investment banks, brokers, hedge funds, proprietary trading firms, and other trading institutions. The company specializes in software as a service (SaaS) solutions that provide a comprehensive range of trading tools, server-based execution engines, and advanced charting and analytics capabilities. Its platform facilitates access to major international exchanges and liquidity venues, enhancing trading efficiency. Additionally, Trading Technologies offers domain-specific technology for cryptocurrency trading and incorporates machine-learning tools for trade surveillance, enabling clients to monitor real-time market data and make informed trading decisions.

Digital Asset

Series D in 2021
Digital Asset is a New York-based company that specializes in distributed ledger technology aimed at enhancing financial processes. Founded in 2014 by Don Wilson, Eric Saraniecki, Sunil Hirani, and Yuval Rooz, the company provides a platform known as Daml, which allows organizations to create multi-party solutions that integrate previously isolated systems into cohesive networks. This technology eliminates latency and reduces errors by ensuring consistent data across various stakeholders. Digital Asset primarily serves sectors such as financial services, healthcare, and insurance, and has collaborated with five of the top ten stock exchanges. The company is supported by a range of strategic investors, including prominent firms like Salesforce, Samsung, and J.P. Morgan, positioning it as a leader in the development of tools for secure and efficient asset tracking and settlement.
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