Paralel is a full-service fund administrator, distributor, and transfer agent for registered funds, offering fund accounting, administration, tax, legal, and compliance services on a cloud-native technology platform. The company also provides access to the Elevation Series Trust, a shared trust structure that accelerates time-to-market for asset managers launching new funds.
Funding
Funding not disclosed
Founders
Product
Problem
Asset managers launching and operating registered funds face significant operational burdens, including complex fund accounting, regulatory filings, transfer agency duties, and compliance oversight. Traditional back-office providers often rely on legacy systems and fragmented processes, making fund launches slow, costly, and administratively heavy.
Solution
Paralel provides a full-service fund administration, accounting, and transfer agency platform built on a cloud-native technology infrastructure. The company manages daily NAV calculations, financial and regulatory reporting, tax administration, legal administration, and shareholder servicing, all through proprietary applications and integrations. Paralel also offers Fund CCO services and distribution support, including FINRA filing and intermediary relations. For asset managers seeking faster market entry, Paralel operates the Elevation Series Trust, a shared trust structure that reduces setup costs and operational complexity.
Target Audience
Primary customers are asset managers, investment advisers, and fund sponsors seeking outsourced administration, accounting, transfer agency, compliance, and distribution services for registered mutual funds, interval funds, closed-end funds, and ETFs.
Features
- Cloud-native technology infrastructure supporting proprietary applications and integrations for fund operations
- Daily or periodic NAV calculation, performance reporting, and record keeping with systemic controls and exception-based processing
- Comprehensive fund administration including financial reporting, regulatory filings, audit coordination, expense management, and board report preparation
- SOC-1 audited transfer agency services with shareholder call center support, Blue Sky registration, and NSCC intermediary back-office processing
- Fund CCO services providing qualified compliance officers, 38a-1 board reporting, and regulatory exam support
- Distribution services including principal underwriter capabilities, FINRA marketing material review, and ETF distribution for closed-end fund ATM offerings
- Elevation Series Trust shared trust structure enabling faster fund launches with qualified trustees and trust-level selling agreements