Canoe Intelligence

Canoe Intelligence, which brands itself as Canoe, makes software that collects alternative investment documents and turns them into structured data for wealth managers, family offices, institutional investors, capital allocators and fund administrators. The company says its platform supports more than $11 trillion in assets under administration and has ingested data on more than 44,000 funds.

Canoe Connect pulls documents from more than 3,000 connected general partner portals and from email inboxes, tracks what has arrived, alerts staff to missing or late items, and renames and files the PDFs in Canoe's cloud or a firm's own document system. Canoe Intelligence extracts data from capital calls, distribution notices, capital account statements and similar documents with machine-learning models and delivers it in clean formats. The platform also collects bank and brokerage statements from custodial portals for reconciliation, and other modules cover asset-level data, tax documents and a Canoe Pro offering. Canoe Labs produces summaries across multiple documents.

Canoe sends data to accounting and reporting systems including Addepar, Tamarac, Black Diamond and Orion, and to the PrimePlus analytics tool. It was launched in 2013 inside Portage Partners, a single-family office, and dates its releases from New York. Bloomberg has completed its acquisition of Canoe, and Canoe's leadership says the business will stay independent. Pricing is not published.