CHICAGO and NEW YORK, June 13, 2022 (GLOBE NEWSWIRE) – Canoe Intelligence (“Canoe”), a financial technology company that fuels alternative investment intelligence, and GCM Grosvenor (Nasdaq: GCMG), a global provider of alternative management solutions. assets, today announced a new partnership in which GCM Grosvenor will deploy Canoe technology to automate the process of extracting data from management documents and help increase the scale and efficiency of the company. In addition, GCM Grosvenor integrates Canoe technology in new ways to automate highly manual accounting workflows in the company’s investment processes.
“GCM Grosvenor is excited to partner with Canoe Intelligence as part of our wider effort to use technology to deliver new and innovative solutions to our customers,” said Eric Levin, Chief Technology Officer at GCM Grosvenor. “Industry-leading Canoe technology is great for our data needs and primary workflow automation processes, and will enable us to further scale and create efficiency.”
At Canoe Client Spotlight, Mr. Levin discusses the company’s approach to technology deployment and the efficiency it has achieved in recent years.
Canoe serves more than 175 alternative investment clients who rely on Canoe to automate their document and data management processes. These 175+ innovative, global clients have scaled their sophisticated data processes, systematized unruly document-gathering practices, and trusted Canoe as their partner to power alternative investment intelligence.
“Like GCM Grosvenor, Canoe challenges the typical alternative investment workflow at every opportunity. This fundamental coordination between our organizations strengthens our partnership and cutting-edge approach to data and technology use, ”said Michael Muniz, Chief Revenue Officer and Partner at Canoe Intelligence. “We are excited to work with the GCM Grosvenor team to provide access to deeper datasets and implement solutions to help the company manage its alternative data processes more efficiently. Together, we strive to elevate the practice of alternative investment for GPs, LPs and all market participants with more accuracy, efficiency and connectivity. “
About Canoe Intelligence
Canoe Intelligence redefines alternative investment data processes for hundreds of leading institutional investors, capital allocators, asset service companies and wealth managers. By combining industry expertise with the most sophisticated data capture technologies, Canoe technology automates highly frustrating, time-consuming and expensive manual workflows related to the management of alternative investment documents and data retrieval and delivery. With Canoe, customers can redirect capital and human resources to business performance and growth, increase efficiency and gain greater access to their data. Canoe’s AI-powered platform was developed in 2013 for Portage Partners LLC, a private equity firm. Learn more: www.canoeintelligence.com
About GCM Grosvenor
GCM Grosvenor (Nasdaq: GCMG) is a global provider of alternative asset management solutions with approximately $ 71 billion in assets under management in strategies for private equity, infrastructure, real estate, credit and absolute returns. The company has been specializing in alternatives for more than 50 years and is dedicated to providing value to customers using its asset class and flexible investment platform. GCM Grosvenor’s experienced team of approximately 520 professionals serves a global customer base of institutional and high net worth investors. The company is headquartered in Chicago, with offices in New York, Toronto, London, Frankfurt, Tokyo, Hong Kong and Seoul. For more information, visit: gcmgrosvenor.com.
Betsy Miller Deitch
Tom Johnson and Will Brown
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