Faith-based investor Wespath chooses Canoe Intelligence for operationally efficient alts workflows
NEW YORK, May 6, 2025 – Canoe Intelligence (“Canoe”), the platform for smarter alts management, today announced a new client engagement with Illinois-headquartered Wespath, one of the largest faith-based pension funds in the world, serving more than 100,000 retirement participants and over 150 nonprofit organizations.
Wespath is implementing Canoe Connect to automate its alternative investment document collection workflow into a centralized location and Canoe Intelligence to systematize its valuation and transaction data extraction processes.
After searching for technology that could help its team achieve greater operational efficiency, Wespath ultimately selected Canoe for its ability to not only centralize all of the team’s documents in one place but also streamline the process of collecting those documents.
“We needed a complete solution that addressed collection, centralization and delivery of data and we found that with Canoe,” said Amy Bulger, Director of Private Markets at Wespath. “We are excited to integrate Canoe into our processes and look forward to seeing the impact of Canoe Connect and Canoe Intelligence in increasing our operational efficiency.”
“Today, we’re welcoming Wespath to Canoe’s growing community of 400+ alternative investors,” said Christopher Jones, Chief Revenue Officer at Canoe Intelligence. “We are always thrilled to help large capital allocators like Wespath better manage complex alternatives document and data management workflows and free up the team’s time to focus on higher value activities.”
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.
As of the end of 2024, Canoe proudly operated in eight countries and 31 US states to support clients across more than two dozen countries. Today, Canoe supports over 1,000 LPs, 44,000 funds, 750,000 commitments, and $8T+ in AUM/AUA across its global client base. On behalf of clients, Canoe processes 50M+ documents and extracts 300M+ data points annually.
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About Canoe Intelligence
Canoe Intelligence redefines alternative investment intelligence through AI-driven, cloud-based software that automates and streamlines alternative investment workflows. With over $8T in assets under automation and more than 400 clients, Canoe empowers institutions, LPs, and wealth managers to transform their alternatives data operations. Learn more: www.canoeintelligence.com
About Wespath
Wespath has been serving The United Methodist Church (UMC) for over a century and maintains one of the largest faith-based pension funds in the world. Wespath administers benefit plans and, together with its subsidiaries, including Wespath Institutional Investments, invests nearly $26 billion in assets on behalf of over 100,000 participants and over 150 nonprofit organizations (as of December 31, 2024). For additional information about Wespath Benefits and Investments, please follow us on Facebook, Instagram and LinkedIn.
MEDIA CONTACT:
Betsy Miller Daitch
Canoe Intelligence
+1 443-690-6200
bdaitch@canoeintelligence.com
