Gen II Fund Services (Gen II), a fund administration provider, has partnered with Canoe Intelligence (Canoe), a fintech company focused on alternative investment intelligence for institutional investors, capital allocators, wealth managers, and asset servicing firms.
According to a press release, the partnership will allow Gen II to leverage Canoe’s technology in automating the receipt, retrieval, and document management of communications from underlying funds, in addition to extracting and digitising essential data points from underlying investment notices to streamline the contribution, distribution, and valuation processes for fund-of-fund investments.
The partnership is intended to improve efficiency for allocators by automating processes for document collections and data extraction, providing access to deeper data sets transparently and accurately, and modernising data workflows and building businesses for scale.
