Warana Capital Automates Document Collection and Data Extraction Workflows with Canoe Intelligence
NEW YORK, November 2, 2023 – Canoe Intelligence (“Canoe”), the financial technology company powering alternative investment intelligence, today announced a new client engagement with Warana Capital (“Warana”), an investment manager with offices in New York City, Los Angeles, London, and Sydney.
Warana has implemented Canoe Connect to automate its document collection workflow and Canoe Intelligence to systematize its data extraction process, both intended specifically for its account statements, capital calls, and distributions.
Prior to their Canoe implementation, the Warana team relied on their administrator(s) and/or their internal document and data management workflow for their investments, which was mostly manual. Members of the operations team spent hours each month on the document collection process—which included managing passwords and other forms of authentication, logging into portals to download the documents, and storing and renaming each file—and the data extraction process, which involved copying the data from each document into internal Excel records.
Warana is the latest addition to Canoe’s client roster. Today, the firm works with over 275 institutional investors, asset servicers, capital allocators, and wealth managers in North America, Europe, and Asia.
“Canoe’s mission is to help firms like Warana redefine their alternative investment data workflows and bring greater transparency to the process. We know that better data leads to smarter investment decisions, and that’s why we’re driven to help clients understand the complete story underlying their data,” said Mike Muniz, Chief Revenue Officer at Canoe Intelligence. “We are excited to see Warana achieve its goals by leveraging our technology for its alternative investment needs.”
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 (“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 Warana Capital
Warana Capital is one of the most active global buyers of illiquid hedge fund interests in the secondary market. Warana offers to buy existing investors out of investment funds at a discount to NAV published by the fund manager, with the objective of creating value by capturing a portion of the purchase discount over the long-term.
Betsy Miller Daitch