Wanxiang Holding-backed investment management software producer DataYes has picked up a $100m capital injection from PAG.

DataYes, a China-based provider of investment management technology, has secured about $100m in a strategic funding round led by investment manager PAG.

Founded in 2013, DataYes provides a range of data analytics, portfolio management and fund investment software tools for investment and asset management organisations. More than 2,000 financial institutions and 10 million individual investors have used its services globally.

In a press release, the company said the deal would allow it to leverage PAG’s industry and investment experience to…