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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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.

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.