Energy derivatives FinTech provider AEGIS gets Baird Capital backing

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Energy derivatives FinTech business AEGIS Energy Risk has picked up investment from US private equity house Baird Capital.

The company’s FLOW platform provides valuations and visualisations, counterparty risk exposures, covenant compliance reporting, price curve access, proprietary industry benchmarks and research, as well as hedge management workflows.

Baird partner Benedict Rocchio said, “We are proud to partner with AEGIS and its experienced management team as we continue the expansion of FLOW into oil and gas producers and energy capital providers and investors.

“We don’t often see a company impact a market the way AEGIS has in such a short period. We believe in the capabilities of the management team and its ability to holistically manage price risk.”

AEGIS’ platform is currently used by more than 150 oil and gas entities, producing over 2.4m barrels of oil equivalant per day, to manage their bilateral derivative portfolios.

More than 80 upstream oil and gas entities have joined its platform since the beginning of 2018.

The company also provides in-depth market analytics, hedge strategy development, execution of bilateral derivative positions with over 40 counterparties, and back office hedge management services for its clients.

Baird closed its debut lower-mid-market private equity vehicle, Global Fund, on $310m two years ago.

The vehicle is targeted at companies in the technology and services, healthcare and industrial solutions sectors in the US, UK and Asia.

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