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.
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.
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 is dedicated to delivering advanced digital cloud solutions for private equity, asset managers and fund administrators to modernize their back office operation for distribution waterfall administration and more.
The founding team brings 30+ years of experience delivering technology and business transformation programs for leading financial services institutions and aims to replicate its success to help the private equity market redefine its operating model and create competitive advantage amid market uncertainty, increased competition and investor and regulatory scrutiny.
99 Wall Street
New York, NY 10005
Phone: (212) 355-4628
Toll Free: (800) 665-2816
© 2021 Cascata Solutions All rights reserved.