On November 9th, Alter Domus, a Luxembourg leading provider of integrated solutions for the alternative investment industry with $1.3 trillion in global AUA, and Canoe Intelligence (“Canoe”), a financial technology company redefining data management processes for alternative investors and allocators, announced a strategic partnership to provide clients with alternative data management solutions that combine best-of-breed automated technology and data accuracy.

By partnering with Canoe, Alter Domus will modernize and bring scale to its existing alternative data management and asset servicing businesses while continuing to deliver service to its 1,700 global clients. Canoe’s automated technology for alternatives and private markets will significantly streamline Alter Domus’ ability to collect and categorize documents, and extract, validate and deliver data to downstream systems. Ultimately, this will enable Alter Domus to bring the most comprehensive alternative data management solution to the market.

“We’re excited about our strategic partnership with Canoe and look forward to delivering our combined data management solution to alternative investors,” said Jared Broadbent, Head of Fund Services, North America at Alter Domus. “Our combined data management solution will change how data is consumed by limited partners.”

“This partnership with Canoe is an exciting one for us and really builds on the technology infrastructure we’ve developed at Alter Domus,” said Darren O’Banion, Chief Technology Officer at Alter Domus. “We are combining Canoe’s tools with our own data management tools to provide an industry-leading data solution. We’re proud to partner with market leaders to deliver tech-enabled solutions to the industry and look forward to passing these benefits and efficiencies along to our clients.”

Since its commercial launch in 2018, Canoe has enabled more than 125 alternative investors and allocators to scale their businesses and has become the industry-standard approach for automating alternatives documents and data management. Canoe leverages shared intelligence from its diverse client base of institutional investors, capital allocators, asset servicing firms and wealth managers, and a growing fund master database of over 14,000 funds across numerous asset classes. This scale enables Canoe to ingest high volumes of complex documents and create instantaneous access to actionable data.

“We’re proud to partner with leading fund administrators like Alter Domus to bring automation and scale to its existing suite of services for alternative investors,” said Jason Eiswerth, CEO at Canoe Intelligence. “The combination of Canoe’s automated technology and Alter Domus’ data management services will enable investors to have the best of both worlds when it comes to managing their alternatives documents and data.”

Following the acquisition of Strata Fund Solutions LLC (Strata) earlier this year, Alter Domus became one of the top three largest private asset servicers for US alternative asset managers. Additionally, Alter Domus’ has over $1.3 trillion in global assets under administration (AuA), making it one of the largest private asset servicers globally and an undisputed leader in the private equity and venture capital servicing space.

Press release by Alter Domus


Publié le 12 novembre 2021