Canoe Intelligence and Osyte Partner to Deliver Integrated Alts Management Solutions
Connected by mutual client, BBR Partners, the two technology firms are building a bidirectional integration for alts data management.
NEW YORK, July 24, 2024 – Canoe Intelligence (“Canoe”), the financial technology company powering smarter alts management, and Osyte (“O-Sight”), a total portfolio multi-asset investments and liquidity management solution for single-family offices, multi-family offices, outsourced CIOs, wealth managers, and institutional asset owners, today announced an integration partnership aimed at delivering mutual clients streamlined workflows for connecting documents and data for alternative investments.
Osyte was founded in 2021 by Charles Anselm (CEO), an institutional portfolio manager who managed billions in investment allocations for pensions, endowments, foundations, and family offices, and Sellappa Gopalaswamy (CTO), an entrepreneur and technologist with deep expertise in data engineering, analytics, and cloud computing who has built products and solutions for the financial services industry. The two co-founders combined their investment and technology expertise to create Osyte.
Brought together by a mutual client, BBR Partners, the Canoe and Osyte partnership provides an integrated solution for total portfolio and alts management, including alts data acquisition, multi-asset portfolio management, illiquid asset trading, and liquidity management. BBR Partners, the first client of Canoe and Osyte’s integration, is a boutique wealth management firm specializing in highly customized investment strategies, meticulously bespoke advice, and simplified complexity for a select group of wealthy families.
Together, Canoe and Osyte will offer a more integrated, holistic view of shared client’s alts investments. Canoe brings in the alts data and Osyte helps clients make informed investment decisions across the whole portfolio (public & private markets) with that data. The partnership offers an easy implementation and onboarding process for clients, with each party delivering top-quality services related to their core competencies.
Initially, the integration will focus on downstream workflows by leveraging Canoe’s open API to import client documents and data into Osyte. In the second phase, the integration will enhance upstream sourcing, allowing Osyte to automatically send documents to Canoe. This will make the integration truly bidirectional.
“We built Osyte to solve the investment and operational challenges faced daily by asset owners and asset allocators managing multi-asset portfolios with liquid assets, illiquid assets, alternatives, and private assets. The partnership between Canoe and Osyte will help clients seamlessly leverage Canoe’s award-winning alts data management solutions with Osyte’s one-of-a-kind multi-asset portfolio management and liquidity management at scale solutions for alternatives and private asset commitments,” said Charles Anselm, CFA – CEO & Co-Founder of Osyte. “The value of our partnership was immediately evident to mutual clients, like BBR Partners, and we’re excited to scale the delivery of that value to more institutions invested in alts.”
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.
“Through the Canoe Partner Program, we strive to support our clients by partnering with the technology and service providers they engage. By working together, Canoe and Osyte can enhance the value realized by our shared customers,” said Kim Raymonde, Director of Partnerships and Integrations at Canoe Intelligence. “Having been introduced by a mutual client, we’re especially excited to collaborate on this bidirectional integration to better support an even broader set of alts investors in the future. Our ecosystem of partners has grown in lockstep with our client community, and our clients are the best source for potential new partners as we continue to expand our reach in the alternative investment community.”
On July 9th, 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 Osyte
Osyte [O-Sight] is a multi-asset portfolio management, analytics, trade order management, and liquidity management solution for total portfolios with alternatives & private assets. Osyte empowers clients to make informed investment decisions at scale across public and private markets investments with better insights into liquidity risks, illiquid asset trading terms and portfolio exposures.
MEDIA CONTACT:
Betsy Miller Daitch
Canoe Intelligence
+1 443-690-6200
bdaitch@canoeintelligence.com
MEDIA CONTACT:
Dan Kuppersmith
Osyte Inc.
1 703-585-8379
dan@osyte.com