Canoe Intelligence Expands Relationship with Conway Investment Solutions to Streamline Alts Investment Workflow for Financial Advisors
Canoe client Conway expands its relationship with the financial technology firm, joining its Partner Program and collaborating to build an integration for managing alts investments
NEW YORK, August 6, 2024 – Canoe Intelligence (“Canoe”), the financial technology company powering smarter alts management, and Conway Investment Solutions (“Conway”), a tech-enabled investment solutions provider to financial advisors, today announced an integration partnership designed to deliver a streamlined alternatives workflow solution for financial advisors—from fund sourcing and automated subscription all the way through the population of data into performance reporting systems.
Conway focuses on enabling financial advisors to efficiently access alternative investments and optimize their alternatives solutions. Working across all asset classes, Conway has deep experience and expertise in navigating the continuously evolving alternative investment landscape. All of Conway’s research, data, and analytical tools are available to clients through Conway’s investible alternatives platform
By integrating Conway’s alternatives platform with Canoe’s document and data management technology, the partnership empowers mutual clients to make informed decisions about their alternative investment portfolios. The integration will focus on leveraging Canoe’s open API to import client documents and data into Conway’s platform. From a simplified electronic subscription process through automated back-end reporting, Conway’s technology and investment research services combined with Canoe’s technology will relieve the operational pain points of managing alternative investments.
“We are particularly excited about this new partnership as Conway transitions from a valued Canoe client to a strategic partner,” said Kelley Megale, the Account Executive who brought Conway to Canoe. “The significant benefits Conway experienced as a client have naturally led to this collaboration. We’re excited to see how this expansion will elevate the experiences of their financial advisor end-clients. For firms seeking fund curation, automated subscription processes and Canoe workflows, they are now seamlessly integrated through Conway’s alternatives platform. Shared clients can enjoy a unified platform, offering enhanced access to research, documents, data, and investment offerings.”
“Canoe and Conway are perfectly complementary, offering a comprehensive solution for financial advisors managing alternative investments,” said R.D. Todd Baur, Co-Founder & Managing Principal at Conway. “Conway’s platform streamlines alternatives’ sourcing, access and subscription, while Canoe manages post-investment data from capital calls, account statements, K1s, and more for client reporting. This integration, powered by machine learning and advanced technology, sets a new industry standard. Canoe’s ability to deliver all underlying fund documentation directly from admin portals and automatically populate performance reporting systems is particularly powerful, making our combined offering unparalleled and truly end-to-end.”
“Canoe is thrilled to support Conway’s end-to-end processes and officially introduce our ecosystem to their innovative alternatives platform as a member of Canoe’s Partner Program. Conway’s reputation in alternatives and investment research is decades strong, so it’s exciting to take our relationship to this new level,” said Kim Raymonde, Director of Partnerships and Integrations at Canoe. “We love it when our clients become partners, and vice versa. These multifaceted relationships underscore the importance of Canoe’s mission to streamline alternative investors’ workflows and enable data-driven insights.”
Over 325 institutional investors, asset servicers, capital allocators, and wealth managers leverage Canoe Intelligence to automate their most time-consuming manual alternative investment processes. The Canoe Partner Program is designed to create a seamless experience for clients with a system-agnostic, client-first approach to integrations.
In July, Canoe completed its Series C financing round of $36 million, led by Growth Equity at Goldman Sachs Alternatives. This marks a significant milestone for Canoe, representing a more than 3x increase in its company valuation. The additional capital will fuel Canoe’s strategic initiatives, global growth, and advancement of its AI-driven financial technology platform for alternative investors. At the end of Q1, Canoe announced the commercial launch of Canoe Asset Data, an innovative solution to the industry-wide challenge of accessing and using complete, timely, and accurate asset-level data. Toward the end of 2023, Canoe released a number of new product offerings, including Canoe Pro, a comprehensive solution that integrates expert services into the client experience. These product developments build upon Canoe’s recent successes, including 100% year-over-year growth in both clients and revenue in 2023 and sustained growth in 2024.
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About Canoe Intelligence
Canoe Intelligence (“Canoe”) is a financial technology company dedicated to advancing alternative investment intelligence for institutional investors, capital allocators, wealth managers, and asset servicing firms. Canoe empowers clients with technology, data, and insights to manage alternative assets more efficiently, accurately, and confidently. With a commitment to innovation and excellence, Canoe is redefining the future of alternative investment data management.
About Conway Investment Solutions
Conway is a technology-driven investment solutions provider that connects financial advisors and their clients to a curated set of alternative and traditional investment funds and solutions. Conway’s heritage in investment research is a differentiator driving everything we do. By integrating institutional-quality research with innovative technology, we empower our clients to make informed investment decisions while solving the many challenges of investing in alternatives. Through access to our investible Alternatives Platform, bespoke private fund creation, a white-labeled alternatives advisor portal and/or research + education, Conway works with advisors to create their solution. At the crossroads of financial technology and investment research, Conway IS the way to invest with intelligence.
MEDIA CONTACT:
Betsy Miller Daitch
Canoe Intelligence
+1 443-690-6200
bdaitch@canoeintelligence.com