K1 Investment Management Backs ComplySci With $120M

Los Angeles-basd private equity investor K1 Investment Management has made a $120M investment in New York- and London-based >ComplySci, the two companies said this morning. ComplySci is a developer of regulatory and compliance software for the financial services sector. According to ComplySci, it will use the new funding to support new and enhanced solutions for its customers. ComplySci's software is used to identify and mitigate employee regulatory and compliance risks, and serves broker-dealers, registered investment advisers (RIAs), hedge funds, private equity firms, investment advisors, venture capital firms and other businesses across the financial services sector.