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GCM Grosvenor and Canoe Intelligence Announce New Technology Partnership to Drive Organizational Scale
CHICAGO and NEW YORK, June 13, 2022 (GLOBE NEWSWIRE) -- Canoe Intelligence (“Canoe”), a financial technology company powering alternative investment
About this update from Gcm Grosvenor Inc.
[{"type":"text","content":"CHICAGO and NEW YORK, June 13, 2022 (GLOBE NEWSWIRE) -- Canoe Intelligence (“Canoe”), a financial technology company powering alternative investment intelligence and GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, today announced a new partnership whereby GCM Grosvenor will implement Canoe’s technology to automate its manager document data extraction processes and help drive scale and efficiency for the firm. Additionally, GCM Grosvenor is integrating Canoe technology in new ways to automate highly manual accounting workflows in the firm’s investment processes. “GCM Grosvenor is excited to partner with Canoe Intelligence as part of our broader efforts to leverage technology to deliver new and innovative solutions for our clients,” said Eric Levin, Chief Technology Officer at GCM Grosvenor. “Canoe’s industry-leading technology is a great fit for our data needs and automation-first workflow processes and will enable us to further scale and create efficiencies.” In a Canoe Client Spotlight, Mr. Levin discusses the firm’s approach to technology implementation and the efficiencies experienced 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 complex data processes, systematized unruly document collection practices, and trust Canoe as their partner to power alternative investment intelligence. “Similar to GCM Grosvenor, Canoe challenges the typical alternative investment workflow at every opportunity. This fundamental alignment between our organizations reinforces our partnership and leading-edge approach to harnessing data and technology,” said Michael Muniz, Chief Revenue Officer and Partner at Canoe Intelligence. “We’re thrilled to work with the GCM Grosvenor team to enable access to deeper datasets and implement solutions to help the firm manage their alternative data processes more efficiently. Together, we aim to elevate the practice of alternative investing for GPs, LPs and all market participants with more accuracy, efficiency, and connectivity.” About Canoe IntelligenceCanoe Intelligence redefines alternative investment data processes for hundreds of leading institutional investors, capital allocators, asset servicing firms and wea...