Canoe Intelligence, a US-based financial technology company providing data management for the alternatives industry, has just launched a new product.

Canoe Intelligence, a platform for smarter alternatives management, has just launched Canoe Asset Data, a solution for the industry-wide need for timely and accurate asset-level data.

The offering goes deeper into the underlying holdings of alternative investments, using the document collection, tracking, extraction, and organization technology that has driven the industry adoption of Canoe Intelligence.

Canoe said it identified strong demand across its diverse client base and the broader market for access to asset-level data, now considered essential for front-office decision-making and industry standard for effective alternative investment allocation. Asset Data solves several key investment use cases, including exposure analysis, portfolio analysis, and due diligence, while alleviating the operational difficulties in accessing this granular data.

Through its Canoe Asset Data Design Partnership, the firm said it solved this problem by collaborating with 13 clients to build Canoe Asset Data: a scalable, cost-effective solution that complements the company’s existing offerings and technology-first approach.

Canoe Asset Data extracts asset-level data sourced from General Partners’ documents, freeing investment teams to focus on investing instead of aggregating documents and data.

Data and analysis of various static and transactional attributes related to each underlying asset, aids understanding of how well the underlying assets are performing, the firm said in a statement.

Details on intra-quarter investor attribution to assets, offer transparency on the impact of these cash flows in their own overall portfolio. Clients can also use the in-app Canoe Asset Data Center to view complete data sets and run custom data extracts.

“Our rapid progress in developing Canoe Asset Data was fueled by the invaluable collaboration with our clients. Prior to its commercial launch, Canoe Asset Data saw strong adoption from its design partners, which speaks volumes about the end product, our team's dedication and our clients' support,” Aman Soni, VP of data strategy at Canoe, said.

Canoe Asset Data Design Partners ranges from global asset servicers and investment consultants to wealth managers and family offices, including client firms such as Prime Buchholz, Ohana Advisors, Selective Insurance, and Lazard Asset Management. 

“We’ve been really happy with the offering so far. Checking the data versus assembling it in the first place is a much less time-intensive process. Yet, the true ‘aha moment’ came when we witnessed our specific fund data neatly presented in a spreadsheet, reducing our investment analyst’s workload by about one week each quarter,” Ohana Advisors’ managing partner and COO, John Schneider, added.

"Canoe Asset Data was designed and built in response to clients voicing the need for deeper transparency and insight into their portfolios, spanning both public and private markets,” Jason Eiswerth, CEO of Canoe Intelligence, said. “With Canoe Asset Data, we address this fundamental industry need by providing a holistic view of exposures with unparalleled precision and clarity. This launch marks a strategic milestone in our commitment to delivering innovative solutions that empower investors to navigate today's complex financial landscape with confidence." 

Canoe Intelligence is a financial technology company dedicated to advancing alternative investment intelligence for institutional investors, capital allocators, wealth managers, and asset servicing firms.