Inveniam Capital Partners LLC and Cascata Solutions Set Strategic Alliance to Transform Fund Management Operations

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.