Intelligent Legal Solutions (ILS), the LegalTech company behind private funds platform ProVision, has partnered with private markets technology provider Anduin. The two companies will build an integration giving their clients, including fund managers and law firms, access to an end-to-end fundraising process.
ILS says its customers include 89% of the law firms ranked in the top three bands by Chambers USA for Private Equity: Fund Formation nationwide. Anduin says its platform has supported more than 1,300 private investment funds and powered more than $265 billion in capital raised.
The partnership follows ILS’s recent launch of a Fund Manager Portal for ProVision.
Eliot Hodges, CEO of Anduin, said: “Fundraising still involves too many handoffs between systems, teams and advisers. By connecting Anduin’s subscription and investor onboarding workflows with ProVision’s side letter, comment memo, MFN and obligation management capabilities, we can help firms carry data more seamlessly through the fundraising process and reduce the operational burden around close.”
Source: ILS
Read the full article: https://www.ilsprovision.com/post/ils-and-anduin-partner-to-connect-fund-closing-and-side-letter-management-for-private-markets
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