The Desk: Lord Abbett Invests in IMTC
The Desk recently spotlighted IMTC’s impressive milestone: the close of a $12 million Series A funding round. Not only did fintech-focused VC Nyca Partners lead the round, but Lord Abbett & Co stepped in as a strategic investor, marking its inaugural step into fintech. This partnership signals more than just capital; it shows how asset managers are integrating technology to shape the future of fixed income portfolio management.
Lord Abbett’s plans go well beyond backing IMTC. The asset manager uses IMTC’s end-to-end investment platform to build and rebalance fixed income portfolios for clients. The timing is crucial. Demand for separately managed accounts (SMAs) continues to rise, with $16 billion in flows last quarter and municipal SMA assets reaching about $1.2 trillion in Q1 2025. IMTC stands at the heart of this momentum, offering scalable technology to help managers meet growing calls for personalization and automation.
This approach is already resonating with industry leaders. Earlier in the year, both Amerant Investments and T. Rowe Price adopted IMTC’s fixed income SMA solutions. The Desk highlights a statement from Lord Abbett managing partner Doug Sieg: “this investment underscores our commitment to IMTC and confidence in their leadership in fixed income technology.” The future hints at even more innovation on the horizon.
For more detail and insight into this pivotal partnership, read the full article by Lucy Carter on The Desk.