The partnership is an example, so the firms said, of how the manual processes that have slowed workflows in alternative investments can be removed.

Canoe Intelligence and Prime Buchholz, an investment consulting firm and outsourced chief investment office, have expanded their partnership into building a private markets intelligence solution. This is another example of the importance of this major wealth management area.

By connecting capabilities across document collection, validation, and analytics, the partnership is removing the manual handoffs that typically slow down alternatives workflows, the firms said in a statement yesterday. 

Investment, research, and data teams use the unified offering to track performance metrics, analyze and project cash flows, and identify exposures across their alternative investments.

“For too long, alternatives data has been trapped in proprietary systems that don't talk to each other," Mike Muniz, chief strategy officer at Canoe Intelligence, said. "What you're seeing with this partnership is a different approach: Canoe connects GPs to LPs, and LPs to their service providers and analytics platforms.”

“Clients can then get the full picture – from source documents to portfolio insights – because the technology is designed to integrate, not isolate. An AI-powered exchange is emerging in our industry, and that's exactly what we’re focused on building at Canoe today,” Muniz said. 

The unified offering builds on Prime Buchholz's multi-year use of Canoe's platform to automate document collection and data processing for its approximately 250 institutional clients.  

"By linking Canoe's automated collection and our AI extraction with Prime Buchholz's data validation, and PrimePlus® analytics, what previously took an investment team days or weeks is now effortless and available on demand – with complete audit trails from source documents to final insights,” Zack Helgeson, head of product at Canoe Intelligence, said. 

In early September, US-headquartered Canoe launched launched Canoe Labs, an incubator which enables investment and operations professionals to bring new AI capabilities to life. The “lab” operates as a “collaborative innovation center,” offering direct access to a stream of emerging AI capabilities before they reach the broader market. The lab works via real-time user engagement so that Canoe can refine available capabilities.