Hermes GPE Selects Canoe Intelligence to Automate Alternative Investment Data Workflows
NEW YORK, August 19, 2021 – Canoe Intelligence (“Canoe”), a financial technology company focused on reimagining data management processes for alternative investors and allocators, today announced a new client engagement with Hermes GPE LLP (“Hermes GPE”), a leading specialist investor in global equity.
Headquartered in London with offices in New York and Singapore, Hermes GPE focuses on fund investments and co-investments in buyouts and growth businesses – managing $5.5bn of assets via managed accounts, pooled funds, and side cars, working in partnership with a wide range of Limited Partners (LPs). Hermes GPE is implementing Canoe technology to automate and scale its alternative data processes from document collection to data extraction and delivery into downstream systems.
“Our objective is to create sustainable returns for our investors, no matter what is happening on the global stage,” said Karen Sands, COO and CFO at Hermes GPE. “By implementing Canoe Intelligence, we now have the technology and tools to automate our work around document management and data extraction which frees up our team to focus on more meaningful and value-driving initiatives.”
“We’re proud to partner with forward-thinking, industry-leading firms like Hermes GPE to deliver the technology that will scale their businesses for the future,” said Toby Bailey, VP of Sales, EMEA at Canoe Intelligence.
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About Canoe Intelligence
Canoe Intelligence reimagines 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. Learn more: www.canoeintelligence.com
About Hermes GPE LLP
For over 29 years, we have specialised in investing in what we consider to be the best and most relevant investment opportunities in global private equity. We focus on fund investments and co-investments in buyouts and growth businesses – managing $5.5bn of assets via managed accounts, pooled funds, and side cars, working in partnership with a wide range of Limited Partners (LPs). Our reach helps us to amplify the opportunities. By nurturing a strong and diverse network of General Partner (GP) managers across the globe – from offices in London, New York, and Singapore – we are well placed to spot investable potential at an early stage. Learn more: https://hermesgpe.com/