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.

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Common questions:

What does IMTC do in the fixed income space?

IMTC offers technology built specifically for fixed income investing. The platform streamlines the building, rebalancing, and management of separately managed accounts (SMAs), helping firms manage portfolios with greater scale, automation, and customization.

What types of firms use IMTC?

IMTC serves a range of firms including asset managers, wealth management companies, and investment advisors. Essentially, any organization looking to better manage fixed income SMAs or seeking to modernize its operations can benefit from IMTC’s solutions.

How does IMTC’s technology actually improve fixed income portfolio management?

IMTC’s technology digitizes and automates what were previously manual, time-consuming processes. Firms can build and adjust portfolios more quickly, respond faster to market changes, and efficiently handle larger numbers of accounts. The platform also allows for more flexible customization—so portfolio managers can meet unique client needs with less operational overhead.

Why are fixed income SMAs growing in popularity?

Investors are increasingly drawn to fixed income SMAs because they offer greater transparency and customization compared to pooled vehicles like mutual funds. Clients can hold a tailored portfolio that matches their preferences, tax goals, or risk tolerance—something that’s become more important in today’s changing markets.

What kind of results or improvements have early adopters of IMTC seen?

Early users of IMTC have reported smoother day-to-day operations and substantial efficiency gains. Managers are able to scale up their businesses, deliver more personalized service to clients, and make portfolio adjustments in less time. Some firms have noted that IMTC’s platform made it possible to expand their SMA offerings to new client segments.

About The Desk:

The DESK offers buy-side traders detailed insights into macro-drivers, events, and plans that influence liquidity and price discovery in fixed income markets. Published quarterly, it provides frontline trading information, opinions on new initiatives, and support for fixed income desks. Launched in 2014, The DESK, along with its sibling publication Best Execution, was acquired by Markets Media Group in 2020.

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