Ultimus LeverPoint Private Fund Solutions (Ultimus), a leading independent provider of comprehensive fund administration, accounting, and investor solutions, is pleased to announce its strategic partnership with Cascata Solutions, the industry leader in automated distribution waterfall and management solutions. Together, they are launching uWaterfall™, a cutting-edge platform “powered by Cascata”.

This collaboration combines Ultimus’ deep expertise in fund administration, data management, and advanced technology with Cascata’s innovative software, offering a fully integrated, digital-enabled service suite. uWaterfall™ elevates carried interest and fee management through seamless data transfer, automated high-precision waterfall calculations, and full-formula transparency. The partnership is set to deliver unparalleled accuracy, efficiency, service quality, data integrity and insights for alternative asset clients’ waterfall calculations, scenario modeling, and employee/partner carry compensation reporting.

“We are thrilled to partner with Cascata,” said Jason Stevens, CTO of Ultimus. “Their advanced digital waterfall capabilities perfectly complement our robust fund administration services. With uWaterfall™, our clients gain instant access to the most comprehensive, accurate, and transparent financial data, empowering better investment decisions. Additionally, new clients will benefit from uWaterfall’s rapid onboarding and digital service delivery advantages.”

Chuck Dooley, CEO & Co-Founder of Cascata, echoed these sentiments: “Our partnership with Ultimus LeverPoint underscores our leadership in delivering top-tier digital waterfall solutions solving the most crucial functionality for fund accountants’ production operation. By integrating our technology, Ultimus professionals are uniquely poised to offer a fully systematic, standardized, and transparent client experience, from onboarding to ongoing carry reporting.”

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We are proud to announce our most recent partnerships with leading global fund administrators, Zedra and Socium, a Suntera company.

We are privileged to have a growing community of private equity fund administrators and their clients trusting Cascata and sharing a common vision that elevates their fund accounting operating standard well beyond Excel to a digital client experience for carried interest and management fee accounting and client reporting to achieve greater operational efficiency and service quality amid fierce competition, talent management challenges and ever-changing regulatory landscape.
 
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If you have interest to learn more or want a first-hand experience of our software capability, please reach out to us at [email protected].

4Pines Fund Services (www.4pinesfs.com), the leading alternative investment fund administrator, and Cascata Solutions (www.cascata-solutions.com), the leading automated waterfall fund administration software provider, are pleased to announce a strategic partnership that will deliver a modern, digital experience for back-office carried interest, management fee and expense accounting and administration for 4Pines' clients spanning private equity, private credit, real estate, hedge funds and hybrid funds.

NEW YORK, Nov. 1, 2023 /PRNewswire-PRWeb/ -- Fund Administration is historically reactive because of ad hoc and disconnected solutions leaving fund managers exposed and unaware of operating risk from important yet time-consuming administration tasks such as distribution waterfall – the accounting and disclosure of carried interest. The industry fund accounting operating standard is more often manual and Excel-based with limited system and data integration, resulting in inefficiencies, increased operating costs and regulatory scrutiny.

"4Pines and Cascata share the vision for a modern back-office operating model that raises the bar for fund administrators, well beyond Excel and legacy systems, for carried interest, fee reporting and more. In our partnership, we will be delivering a digital-enabled client experience tailored to their needs and addressing the challenges of their increasingly complex environment with greater efficiency, quality, and scale", says Mike Trinkaus, 4Pines CEO. He continues to say, "as part of our strategy to deliver innovative, value-add services, we are offering direct access to 4Pines technology portfolio such as Cascata's PE Carry Scenario Analyzing tool to help our client's front-office have greater insights and scenario analysis into their deal-level investments".

"We are privileged to work with a growing community of fund administrators like 4Pines that are taking a leadership position to deliver digital-enabled waterfall services leveraging the Cascata platform. We have addressed the shortcomings of other industry offerings and are delivering the most crucial functionality for fund accountants' production operation and 100% self-administration. Unlike other offerings, we deliver favorable time to market advantages and are not reliant on lengthy and costly implementations based on consultants trying to deliver comparable functionality. This coupled with our market momentum with clients and strategic partners is what sets us apart", says Charles Dooley, Cascata CEO.

"As part of our strategy to deliver innovative, value-add services, we are offering direct access to Cascata's PE Carry Scenario Analyzing tool to help our client's front-office have greater insights and scenario analysis into their deal-level investments" says Mike Trinkaus, 4Pines CEO

About 4Pines Fund Services:

4Pines Fund Services (www.4pinesfs.com) brings the private equity relationship model, supported by streamlined middle- and back-office solutions, to fund administration. The company was founded on the insight that access to data and access to expert people go hand in hand. The right combination of the two leads to more thoughtful connections and effective solutions.