Canoe Intelligence and Lionpoint Group Partner to Support Alternative Investment Operations and Technology
NEW YORK, JULY 11, 2023 – Canoe Intelligence (“Canoe”), the financial technology company powering alternative investment intelligence for institutional investors, capital allocators, wealth managers, and asset servicing firms, and Lionpoint Group (“Lionpoint”), a global consulting firm to the alternative investments industry, today announced a strategic consulting partnership that supports the growth of mutual clients with operational strategies and technology solutions.
Together, Canoe and Lionpoint will collaborate to design, deliver, and implement solutions that streamline alternative investment workflows for mutual clients. Through this partnership, Lionpoint acts as an extension of the client’s team during the process of implementing Canoe, aligning project objectives to the client’s needs and reducing the overall time commitment required from the client team.
Headquartered in New York City with eight global offices and 240+ team members, Lionpoint provides advisory services to investment management organizations within the private markets industry, including GPs, LPs, fund administrators, and family offices. Lionpoint consultants specialize in technology and implementation consulting, designing scalable operational models through practical integrations and tooling.
“We are delighted to welcome Lionpoint to the Canoe Partner Program. The Lionpoint team has extensive experience helping GPs, LPs, and fund administrators solve complex alternative industry challenges from both a technology and operations perspective,” said Kim Raymonde, director of partnerships and integrations at Canoe Intelligence. “We serve similar types of clients in the alternative investment industry and have already seen a number of shared clients reap the benefits of the partnership, so we see this as a great opportunity to collaborate where it will benefit our broader ecosystem.”
Over 225 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.
“Lionpoint is relentlessly focused on delivering the highest caliber of consulting services to the private markets. Our primary objective is to deliver operational and technology improvement strategies that reduce operational costs, optimize business processes, reduce management risk, and enhance portfolio value for our clients,” said Jason Almeida, Executive Director, Private Markets Advisory at Lionpoint Group. “That’s why we’re thrilled to partner with Canoe – Canoe has already delivered successful outcomes for our alternatives data management clients, and we’re excited to see what else is to come for our mutual clients.”
This announcement follows the news of Canoe’s continued expansion in Europe with the recent opening of its London office following a record 2022. Earlier this year, Canoe announced the completion of its Series B financing round led by F-Prime Capital. Canoe’s platform has become a crucial solution for the alternative investment industry. Its global client base grew by over 200% in 2021 and continued that pace through 2022. Canoe now supports over $5T in assets under advisement.
About Canoe Intelligence
Canoe Intelligence redefines alternative investment data processes for hundreds of leading institutional investors, capital allocators, asset servicing firms, and wealth managers. By combining industry expertise with the most sophisticated data capture technologies, Canoe’s technology automates the highly-frustrating, time-consuming, and costly manual workflows related to alternative investment document and data management, extraction, and delivery. With Canoe, clients can refocus capital and human resources on business performance and growth, increase efficiency, and gain deeper access to their data. Canoe’s AI-driven platform was developed in 2013 for Portage Partners LLC, a private investment firm. The company discusses wealth management, institutional investment, and technology topics on its blog. Learn more at www.canoeintelligence.com.
Lionpoint is a leading global consulting firm delivering operations transformation and technology enablement solutions to the alternative investments market. Our consultants have domain expertise across private equity, real estate, infrastructure, and private debt. Our core services include strategic advisory, operating model optimization, technology roadmap and solution selection, and systems integration to solve the complex operational and technology challenges across the front, middle, and back office.
Betsy Miller Daitch