Inveniam Capital Partners (www.inveniam.io), a leading provider of private market asset blockchain technology and Cascata Solutions (www.cascata-solutions.com), the leading provider of digital carried interest and management fee software are pleased to announce a strategic partnership to integrate Cascata PE SuiteTM software and Inveniam’s blockchain platform - Inveniam.io. The partnership sets a new industry standard--surpassing Excel spreadsheets and other existing solutions--to deliver previously unachievable cost efficiencies, scalability, transparency, and trust in waterfall accounting and administration.
 
Carried interest and distribution waterfall accounting is the most important responsibility for fund administrators as it discloses profits and distribution between their clients, fund managers, and investors.  Automation is crucial to streamlining all the processes and data exchange in calculating carried interest. Likewise, having immediate access to all pertinent fund information at its source of origin (rest) and traceability of all activity and documents is critical to achieving the highest efficiency and assuring of the reported carried interest.

“With our continued commitment to innovation and solving the most crucial functionality for our clients’ production operation and 100% self-administration for carried interest and fee accounting, our partnership with Inveniam marks another major milestone in our product evolution.”, says Chuck Dooley, Cascata CEO.
 
Kerry Rudy, Inveniam President, shares, “Inveniam.io allows clients to trace capital activity from the Net Asset Value (NAV) back to fund commitments. Clients have full lineage from NAV, through waterfall calculation, to GAV that is tied back to capital account activity statements and reconcilable to commitments.  All capital activity is anchored/notarized using blockchain, assuring that source documents are the “golden copies.” All activity is tracked, transparent, and auditable throughout the fund servicing process”.
 
 
About Inveniam
Inveniam Capital Partners LLC (www.inveniam.io) is powering today’s preeminent applications, facilitating better pricing, trading, and increasing leverage of private market assets, all built on a patented blockchain technology platform – Inveniam.io. With its technology, Inveniam enables asset owners to inform the market on the value and performance of private assets, removing the friction of delivering credentialed documents and structured data to investors and service providers.  Legal, financial, operational, due diligence, and performance documents remain with source data management systems establishing provenance or the “golden source”. Data elements are uniquely and intelligently extracted from credentialed documents and structured for real-time digital delivery while maintaining full auditability and data provenance.
 
 
About Cascata:
Cascata Solutions (www.cascata-solutions.com) delivers advanced digital software solutions for private capital fund administrators and their clients to modernize their back-office operation for distribution waterfall administration and more. The leadership team brings 30+ years of experience and has deep knowledge and understanding of private equity fund accounting and all the nuances of the varying investment vehicles and waterfall arrangements.

Socium Fund Services, a Suntera Global company specializing in private equity, private credit, real estate, and venture capital fund administration, has partnered strategically with Cascata Solutions, the leading provider of automated waterfall distribution software.

Together, they aim to deliver carried interest, management fee, and expense accounting services for Socium's private fund clients.

Due to their complexity and importance, accurate and timely waterfall calculations are critical but carry significant risk responsibility for fund administrators. The SEC's recent implementation of "private fund rules" has introduced unprecedented regulatory demands regarding the content and frequency of investor reporting, backed by penalties for non-compliance. In this context, ensuring the accuracy of the waterfall distribution process is crucial for establishing and maintaining trusted, long-term client relationships.

"Our collaboration with Cascata positions us to provide a comprehensive digital client experience, surpassing conventional Excel-based approaches and yielding substantial enhancements in operational efficiency and service quality," said Michael Von Bevern, Co-Managing Director of the Americas for Socium".

Our platform automates the entire process from data input to client reporting, ensuring transparency in system-generated outcomes. This instills confidence in our clients and auditors and streamlines our operations. The seamless onboarding of our funds through our partnership with Cascata has been a highly efficient and rewarding experience." Charles Dooley, Cascata CEO, added, "Leading global fund administrators like Socium are leveraging our platform to achieve digital-enabled carried interest and fee management. This transformation delivers operational efficiency, scalability, and substantial client value gains, with efficiency improvements of up to 45%."

About Socium Fund Services
As the leading Middle Market Private Equity and Private Credit Fund Administrator, Socium Fund Services, a Suntera Global company, offers customized middle and back-office solutions to
institutional and emerging managers with a consultative service approach. Socium leverages a scalable and flexible technology stack to provide straight-through-processing for all asset types their clients may invest in. With a US-Based service team that delivers technical accounting expertise,
Socium is well-positioned to help their clients grow through a true partnership model. Learn more about our firm by visiting sociumllc.com.

About Cascata
Cascata Solutions delivers advanced digital software solutions for private capital fund administrators and their clients, to modernize their back-office operation for distribution waterfall administration and more. The leadership team brings 30+ years of experience and has deep knowledge and understanding of private equity fund accounting and all the nuances with the varying investment vehicles and waterfall arrangements.

Cascata Solutions, the leading digital waterfall fund administration software provider, is pleased to announce a strategic partnership with ZEDRA, an industry recognized provider of Global Expansion and Corporate Services, Active Wealth, Pensions & Incentives, and Fund Solutions.
 
The partnership highlights ZEDRA’s leadership position to deliver greater client value through “smart waterfall automation” leveraging the Cascata Platform for carried interest and fee administration to their private equity, private credit, venture capital and real estate clients.

Distribution waterfall is the single most important responsibility for a fund administrator as it is the alignment of the interests of investors with the general partner and, transparency of profits and performance incentives for a job well done. Yet, such calculations bring high risk because of the
industry’s modus operandi based on key personnel dependency, manual and time-consuming processes and Excel work that is error-prone amid an ever-changing regulatory landscape e.g., the recent SEC private fund advisor reform.

“Our partnership with Cascata marks another major milestone in our global fund solutions expansion and delivery of tailored, value-add services leveraging our multi-disciplinary expertise and smart automation for our alternative investment manager clients”, says Maarten Robberts, ZEDRA Managing Director.

He continues to say, “with the Cascata Platform’s standardized accounting best practices and full formula transparency, our staff no longer manages independent Excel spreadsheets, and are delivering a digital client experience with higher quality of service and assurance on the accuracy of reported carried interest and fees”.

“Cascata has solved the shortcomings of other waterfall vendor solutions and delivers the most crucial functionality for fund accountants’ production operation and 100% self-administration. As a result, our clients have elevated their operating standard well-above Excel and are achieving 40% or more efficiency gains”, says Charles Dooley, Cascata CEO.

About ZEDRA
ZEDRA is a global powerhouse providing Corporate & Global Expansion, Active Wealth, Pension & Incentive services and Fund Solutions, all aligned under one common goal: to DO MORE so their clients can ACHIEVE MORE. ZEDRA’s highly experienced team of 1,000 people across 16 countries spanning Asia, Oceania, the Americas, and Europe deliver tailored high-quality solutions to its clients that include high net worth individuals and their families, family offices, entrepreneurs, corporates, pension plans, fund promoters, asset managers and investors.
 
About Cascata
Cascata Solutions delivers advanced digital software solutions for private capital fund administrators and their clients, to modernize their back-office operation for distribution waterfall administration and more. The leadership team brings 30+ years of experience and has deep knowledge and understanding of private equity fund accounting and all the nuances with the varying investment vehicles and waterfall arrangements.