LemonEdge, the fund accounting solution for private markets, has announced a strategic partnership with Eleven, an investor portal solution.
This partnership marks a significant milestone “for both companies, combining LemonEdge’s innovative accounting capabilities with Eleven’s powerful platform for automating and streamlining the entire investor lifecycle, including digital subscriptions, investor onboarding and investor servicing.”
The retailization of public markets investing “in the last five years has impacted private markets significantly, with many investors demanding access to more data as well as better investor experiences.”
Fund managers are planning and executing “against their digital transformation journey, moving away from fragmented tools with a lack of integration capabilities— to an ecosystem where financial data flows seamlessly, providing insights and analytics in real time.”
Both Eleven and LemonEdge are key players “in their respective fields, offering modern, cloud based, and highly configurable solutions.”
This partnership solidifies our joint commitment “to innovation, providing users with an unmatched level of sophistication, centralization and automation in managing and accessing their financial data.”
The new strategic partnership between LemonEdge and Eleven “utilizes their market leading API technologies to build a native integration with an adjacent best-of-breed provider to deliver a comprehensive solution for the market.”
As noted in the update, Eleven is a disruptive technology company “moving the global alternative investments industry to a more connected and digital future.”
The company’s centralized platform empowers participants “throughout the private investment ecosystem to create engaged client communities, automate complex workflows and grow at scale.”
Their solutions are driven by a pursuit of “creating extreme value for our clients, partners, and our industry.”
LemonEdge is a fund, partnership, and portfolio accounting solution “for private markets investment firms.”
Founded in 2020, the company services a variety “of asset classes globally with over $1.7 trillion in assets under client management.”
LemonEdge is headquartered in London with “the team in New York, Miami, Austin, Amsterdam, and Delhi.”
