LemonEdge and Eleven Announce Strategic Partnership Driving Forward Private Markets Digitisation
18 September 2024 – LemonEdge, the leading fund accounting solution for private markets, has announced a strategic partnership with Eleven, a next-gen investor portal solution. This partnership marks a significant milestone for both companies, combining LemonEdge’s innovative accounting capabilities with Eleven’s powerful platform for automating and streamlining the entire investor lifecycle, including digital subscriptions, investor onboarding and investor servicing.
The retailisation of public markets investing in the last five years has impacted private markets significantly, with many investors demanding access to more data as well as better investor experiences. Fund managers are planning and executing against their digital transformation journey, moving away from fragmented tools with a lack of integration capabilities— to an ecosystem where financial data flows seamlessly, providing insights and analytics in real time.
Both Eleven and LemonEdge are pioneers in their respective fields, offering modern, cloud-based, and highly configurable solutions. This partnership solidifies our joint commitment to innovation, providing users with an unmatched level of sophistication, centralization and automation in managing and accessing their financial data.
The new strategic partnership between LemonEdge and Eleven utilises their market leading API technologies to build a native integration with an adjacent best-of-breed provider to deliver a comprehensive solution for the market.
Gareth Hewitt, Chief Executive Officer, LemonEdge, said: “We are delighted to offer our clients a native integration with Eleven’s investor portal. After seeing the Eleven platform and speaking to its clients, we understood that they share the same values as LemonEdge, building the next generation of software solutions for modern private markets investors. We look forward to strengthening our partnership and platform integration over the coming months.”
Eric Slaim, Chief Executive Officer, Eleven, said: “We are thrilled to strategically partner with LemonEdge and build this native integration. Eleven and LemonEdge are complementary solutions, and this partnership will help private markets fund managers and administrators to fully manage their back-office operations on best-of-breed solutions that are connected securely and in real-time.”
About Eleven
Eleven is a disruptive technology company moving the global alternative investments industry to a more connected and digital future. The company’s centralized platform empowers participants throughout the private investment ecosystem to create engaged client communities, automate complex workflows and grow at scale. Our solutions are driven by a relentless pursuit of creating extreme value for our clients, partners, and our industry. Fund administrators and fund managers, discover how to turn your efforts up to eleven at platformeleven.io.
Media Contact:
Julie Arbit
media@platformeleven.io
About LemonEdge
LemonEdge is a leading fund, partnership, and portfolio accounting solution for private markets investment firms. Founded in 2020, the company services a variety of asset classes globally with over $1.7 trillion in assets under client management. LemonEdge is headquartered in London with the team in New York, Miami, Austin, Amsterdam, and Delhi. The firm is backed by Blackstone Innovation Investments, Sidekick Partners, and Lauren Iaslovits (Ex-founder of private markets accounting platform). For more information, please visit our website or LinkedIn.
Media Contact:
Jamie Nascimento
media@lemonedge.com
