Navatar Group, a cloud service provider, announced that High Street Capital selected Navatar (News - Alert) Private Equity Cloud to manage their fundraising, deal flow, portfolio and capital calls/distributions.

Chicago-based High Street Capital is private equity firm. It will benefit from Navatar Private Equity as it is a flexible reporting engine that can be easily used by non-technical staff to generate reports and is also available for a low monthly fee.

Interested users are requested to access a full demo of Navatar Private Equity at the following website.

It is not necessary for private equity firms to spend any money on consulting. Navatar Group will provide all implementation services, accounts/contacts migration, training, maintenance and support all free of charge.

According to company sources, Navatar Private Equity enables firms to manage fund lifecycle; identify potential investors for a fund; track investor commitments; manage commitment transfers; manage co-investments and track side letters and limited partner agreements.

It also helps them to identify correspondence for each fund; track deal flow / deals in the pipeline and manage capital calls and distributions besides being able to track portfolio company performance and manage fund of funds portfolio.

Navatar Private Equity enables users to be connected anywhere using their BlackBerry, iPhone (News - Alert) or PDA devices. It can be fully integrated with MS Outlook and MS Exchange.

In a press release, Ketan Khandkar, principal of Navatar Group, said, “Cloud Computing has arrived for Private Equity. Firms can now start using a pre-built solution for their CRM and operations for one small monthly fee with no capital expenditure, no implementation costs, free upgrades and zero maintenance costs.”

Navatar Private Equity is capable of running on most editions of salesforce.com’s service. There is no need for any other software, hardware, subscription or services. Also all code as well as client data is encrypted and stored on salesforce.com servers.

A longtime partner and value-added reseller of salesforce.com, Navatar Group is a global cloud service provider. It initiated the Wall Street experience to Cloud Computing, and is a provider of Force.com solutions for the financial sector.

The company’s financial cloud solutions for Capital Markets, Asset Management & Banking are used by firms like Jefferies & Co, Transparent Value and MidOcean Partners. Navatar Group is headquartered on Wall Street, New York with offices in Washington DC and New Delhi, India.