Canoe Intelligence, a US-based financial technology company providing data management for the alternatives industry, has just launched a new product.
Canoe
Intelligence, a platform for smarter alternatives management,
has just launched Canoe Asset Data, a solution for the
industry-wide need for timely and accurate asset-level data.
The offering goes deeper into the underlying holdings of
alternative investments, using the document collection, tracking,
extraction, and organization technology that has driven the
industry adoption of Canoe Intelligence.
Canoe said it identified strong demand across its diverse client
base and the broader market for access to asset-level data, now
considered essential for front-office decision-making and
industry standard for effective alternative investment
allocation. Asset Data solves several key investment use cases,
including exposure analysis, portfolio analysis, and due
diligence, while alleviating the operational difficulties in
accessing this granular data.
Through its Canoe Asset Data Design Partnership, the firm said it
solved this problem by collaborating with 13 clients to build
Canoe Asset Data: a scalable, cost-effective solution that
complements the company’s existing offerings and technology-first
approach.
Canoe Asset Data extracts asset-level data sourced from
General Partners’ documents, freeing investment teams to focus on
investing instead of aggregating documents and data.
Data and analysis of various static and transactional attributes
related to each underlying asset, aids understanding of how
well the underlying assets are performing, the firm said in a
statement.
Details on intra-quarter investor attribution to assets,
offer transparency on the impact of these cash flows in
their own overall portfolio. Clients can also use the in-app
Canoe Asset Data Center to view complete data sets and run custom
data extracts.
“Our rapid progress in developing Canoe Asset Data was fueled by
the invaluable collaboration with our clients. Prior to its
commercial launch, Canoe Asset Data saw strong adoption from its
design partners, which speaks volumes about the end product, our
team”s dedication and our clients’ support,” Aman Soni, VP of
data strategy at Canoe, said.
Canoe Asset Data Design Partners ranges from global asset
servicers and investment consultants to wealth managers and
family offices, including client firms such as Prime Buchholz,
Ohana Advisors, Selective Insurance, and Lazard Asset
Management.
“We’ve been really happy with the offering so far. Checking the
data versus assembling it in the first place is a much less
time-intensive process. Yet, the true ‘aha moment’ came when we
witnessed our specific fund data neatly presented in a
spreadsheet, reducing our investment analyst’s workload by about
one week each quarter,” Ohana Advisors’ managing partner and COO,
John Schneider, added.
“Canoe Asset Data was designed and built in response to clients
voicing the need for deeper transparency and insight into their
portfolios, spanning both public and private markets,” Jason
Eiswerth, CEO of Canoe Intelligence, said. “With Canoe Asset
Data, we address this fundamental industry need by providing a
holistic view of exposures with unparalleled precision and
clarity. This launch marks a strategic milestone in our
commitment to delivering innovative solutions that empower
investors to navigate today’s complex financial landscape with
confidence.”
Canoe Intelligence is a financial technology company dedicated to
advancing alternative investment intelligence for institutional
investors, capital allocators, wealth managers, and asset
servicing firms.
