Exchangelodge, a financial technology company that automates private markets data workflows, today announced an expansion of its strategic technology partnership with GCM Grosvenor (NASDAQ:GCMG), a global alternative asset management solutions provider.
Exchangelodge is a Pittsburgh-based financial technology company focused on improving private markets data quality and streamlining data connectivity. Exchangelodge continues to transform how the private markets industry integrates and manages data. The Exchangelodge platform enables market leaders and innovators like GCM Grosvenor to bring their expertise and best practices to additional industry problems, like processing client Partners’ Capital Account Statements (“PCAPs”) and Notices. Exchangelodge packages the processes and validations in place of leaders and makes them available to the marketplace in a simple out-of-the-box solution.
“We deeply value our continued relationship with GCM Grosvenor. For many years, we’ve collaborated to develop and implement technology best practices for the private markets,” said Ian Rubenstein, CEO of Exchangelodge. “We’re proud of the process efficiency results experienced by the GCM Grosvenor team and we’re excited to continue helping other firms achieve these milestones.”
“Partnering with Exchangelodge is consistent with our objectives to automate our business processes and leverage innovative third-party solutions to achieve increased efficiency and scalability,” said Eric Levin, Chief Technology Officer at GCM Grosvenor. “Over the course of our long-standing relationship with Exchangelodge, our teams have collaborated to achieve process improvements and we look forward to unlocking additional efficiencies through this expanded partnership.”
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