The startup operates a platform that provides fund administration, corporate services, loan support, depositary functions, and investor reporting tailored for the private capital sector. By delivering superior data management and reporting capabilities, the platform enhances operational efficiency and transparency for its clients.
Funding
$8.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Private capital firms often struggle with outdated fund administration processes, leading to inefficiencies, data silos, and a lack of transparency. Traditional systems can be cumbersome, making it difficult to manage complex fund structures, provide timely investor reporting, and ensure data accuracy across various functions.
Solution
Palmer provides a modern, cloud-based fund administration platform designed to streamline operations and enhance data management for private capital firms. The platform offers a suite of integrated services, including fund administration, corporate services, loan support, depositary functions, and investor reporting, all built on a foundation of secure, state-of-the-art technology. By leveraging API connectivity, data warehousing, and direct system access, Palmer enables clients to achieve data superiority, improve reporting accuracy, and gain real-time insights into fund performance. The platform's modular design allows clients to select the specific services they need, while its focus on data protection and security ensures compliance with global privacy regulations.
Target Audience
Palmer primarily serves private equity, real estate, private debt, venture capital, and real assets firms seeking to improve their fund administration processes and gain better control over their data.
Features
- Secure Authenticated REST API endpoints for continuous data integration with client systems
- Data warehouse sharing for 24/7 access to client data
- Direct system access to fund accounting software for real-time data review and reporting
- Investor portal providing a modern SaaS application experience for sophisticated fund investors
- Proprietary Data Marts tailored to specific business needs, including performance monitoring and regulatory reporting
- Comprehensive data protection policies compliant with GDPR and other global privacy regulations
- In-transit encryption using TLS version 1.2 (minimum) and at-rest encryption using AES 256
- Support for various integrations, including CRM, workflow, and analytics platforms