SS&C Technologies Holdings has launched a new business unit focused on meeting the unique needs of the private capital market. 

Bob Shepro has been appointed to lead the new area of the business as senior vice president.

“We are committed to addressing a gap in the private capital market," said Bill Stone, chairman and CEO, SS&C Technologies. 

"Our integrated suite of cloud applications and services, including the addition of Advent’s solutions for the family office market, put us in a strong position to deliver benefits including greater levels of control, efficiency, timeliness and cost reduction."

SS&C’s private capital business unit will support family offices, foundations and endowments. By drawing on SS&C’s wide range of products and services the unit will offer customised solutions, addressing the specific needs of this market across the globe.

Shepro rejoins SS&C from consultancy Windward Advisory Group where he was a managing partner. Previously he worked for SS&C after the firm's acquisition of his company Shepro Braun Systems and its flagship product Total Return. 

In his new role he will report to Rahul Kanwar, senior vice president and global head of alternative assets.

"I am impressed with the scope of services and market-leading cloud-based software products that SS&C has acquired, integrated and enhanced over the years," said Shepro. 

"Through our co-sourced technology and services platform SS&C is ideally positioned to offer bespoke solutions."