Seneschal, the specialist private equity and real estate / real assets fund administrator, has selected LemonEdge, the fund accounting solution for private markets funds, to build its back-office accounting operations to deliver the best services to its fund manager clients at scale.
Founded in 2021 by Barry Carroll, an industry professional who is said to be focused on modern PE fund administration services, Seneschal provides fund administration and depository services to private equity and real estate / real asset funds.
The firm is built on the philosophy that “everything is important” when delivering services to clients. Seneschal already offers services across London, Luxembourg and Jersey.
A “unique guarantee” in the industry for “error-free” reporting required a modern accounting system where all the usual client complexities could be handled in “one technology solution.”
With a founding team with knowledge of the legacy systems, Seneschal chose LemonEdge to become its core tech partner of choice.
Gareth Hewitt, Chief Executive Officer, LemonEdge, said that the Seneschal team are true experts in their fields, and they were really impressed with how they have “set up their operations to deliver the highest quality of services to their clients.”
Barry Carroll, Founder & Chief Executive Officer, Seneschal, said that from inception, they have put technology at the core of their operations in order to consistently deliver their clients “accurate, fast, and secure services.”
Barry added that having known Gareth for many years, and the confidence the have seen in the systems developed over 20 years, “post a good evaluation of the latest solution, LemonEdge – it was an easy choice to make.”
Founded in 2021 by industry veteran Barry Carroll, Seneschal is “a specialist private equity and real estate fund administrator.”
The firm has offices in London, Luxembourg, Jersey and a “representative office in Tokyo.”
LemonEdge is a fund, partnership, and portfolio accounting “solution for private markets investment firms.”
Founded back in 2020, the company explained that it services a variety of asset classes globally with more than $1.7 trillion in assets under client management.
LemonEdge is headquartered in London with the “team in New York, Miami, Austin, Amsterdam, and Delhi.”
The firm is reportedly being backed by the following: Blackstone Innovation Investments, Sidekick Partners, and Lauren Iaslovits (Ex-founder of private markets accounting platform).