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Canoe partners with Hamilton Lane for alternative investment operations

Canoe IntelligenceNew York-based Canoe Intelligence, a FinTech provider on a mission to automate and improve alternative investment operations has announced that Hamilton Lane, an alternative investment management firm providing innovative private markets services has implemented Canoe solutions to streamline internal processes.

Hamilton Lane was an investor in Canoe’s series A funding round in February of 2020. The company is now collaborating with the FinTech to enhance efficiencies in alternative investment processes; including data collection, investment tracking, accounting, portfolio management, reporting and more.

“Canoe is singularly focused on solving the unique data challenges faced by alternative investors and allocators with highly-specialized technology solutions. We’re incredibly grateful for Hamilton Lane’s ongoing support and collaboration, and we look forward to working together with the goal of streamlining more operational processes,” said Seth Brotman, CEO of Canoe.

Canoe reimagines operational workflows and enables clients to transform their processes to eliminate manual data entry. The platform is powered by a blend of proprietary and open-source machine learning and artificial intelligence technologies. It automates the digitization of PDF reporting documents into actionable data and intelligence and forms a shared intelligence of data extraction patterns that can be leveraged by all clients.

“Hamilton Lane remains committed to using technology innovations to enhance how it manages and consumes data. As both an investor and user of Canoe’s technology, we believe Canoe is a strong partner to enhance our mission of delivering results and solutions to our clients,” said Griffith Norville, Managing Director, Strategic Technology at Hamilton Lane.

Canoe streamlines investment document management and data extraction, minimizing manual data entry into reporting and accounting systems. Its proprietary technology transforms volumes of unstructured alternative investment reporting documents into data set for normalised datasets for institutional investors, allocators and asset servicing firms. The FinTech allows allocators to unlock their data.

Established since 1991, Hamilton Lane provides investment management and advisory services. According to company data, Hamilton Lane has approx. $488 billion in assets under management and supervision, composed of approx. $66 billion in discretionary assets and nearly $422 billion in advisory assets, as of December 31, 2019. The company operates in offices throughout North America, Europe, Asia-Pacific, Latin America and the Middle East.

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