LemonEdge, the UK-based fund accounting platform for the private asset sector, has struck a deal with 73 Strings, a fintech which provides advanced monitoring technology and a valuation platform for both equity and credit asset classes. The system is designed to streamline processes for analysing, valuing, monitoring and trading in illiquid assets. LemonEdge and 73 Strings plan to help the private capital industry more efficiently value, monitor and account for their underlying portfolio.
The deal with 73 Strings follows LemonEdge’s recent establishment of a partnership with Anduin, a platform focused on enabling funds managers to onboard investors quickly and efficiently to their investment vehicles. Anduin aims to eliminate the friction that alternative assets traditionally face as a result of complex, manual, error-prone processes and fragmented systems. The company specializes in workflow automation and offers an open architecture model that can integrate with existing client systems and processes. Its flagship LP onboarding platform has onboarded nearly USD25bn from over 13,000 investors.