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July 18, 2024
PI Global Investments
Alternative Investments

New solution launches to improve private investor onboarding


A new solution has launched to make private investing more scalable.

Alternative investments technology provider Eleven has launched Eleven OS 7, which improves the interaction of data between investor profiles and private investments.

This will bring increased simplicity and data transparency to the private investment process, Eleven said.

Read more: Ares set to close largest ever direct lending fund

Investor profiles are secure repositories utilized for completing fund subscription documents, onboarding for KYC and AML and servicing investors. Eleven OS 7 facilitates changes to information, such as banking or address details, with a centralised workflow, while accommodating for the data requirements, approval processes, and workflows connected to each investment.

An Eleven spokesperson confirmed that the solution can be used for the private credit sector.

“Eleven OS 7 marks another significant leap forward in transforming the global private investment process for investors, fund managers, and administrators,” said Eric Slaim, chief executive of Eleven. “With OS 7, investor profiles are continuing to become the most reusable cards for private investing globally, enabling investors to subscribe to funds and onboard for KYC in a matter of clicks.”

Read more: AllianceBernstein: Investors should increase private credit allocations

New York-based Eleven enables fund managers to service their investors in one place throughout the entire investor journey.

Fund managers can have their investors learn about them, subscribe online and be serviced by the fund administrator in their own branded environment.

Eleven also provides fund administrators with infrastructure to service their clients and investors.

Read more: CIFC launches multi-strategy credit fund





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