A brand new answer has launched to make personal investing extra scalable.
Various investments expertise supplier Eleven has launched Eleven OS 7, which improves the interplay of information between investor profiles and personal investments.
This can carry elevated simplicity and information transparency to the personal funding course of, Eleven stated.
Learn extra: Ares set to shut largest ever direct lending fund
Investor profiles are safe repositories utilized for finishing fund subscription paperwork, onboarding for KYC and AML and servicing buyers. Eleven OS 7 facilitates adjustments to data, reminiscent of banking or tackle particulars, with a centralised workflow, whereas accommodating for the information necessities, approval processes, and workflows related to every funding.
An Eleven spokesperson confirmed that the answer can be utilized for the personal credit score sector.
“Eleven OS 7 marks one other vital leap ahead in remodeling the worldwide personal funding course of for buyers, fund managers, and directors,” stated Eric Slaim, chief government of Eleven. “With OS 7, investor profiles are persevering with to turn out to be essentially the most reusable playing cards for personal investing globally, enabling buyers to subscribe to funds and onboard for KYC in a matter of clicks.”
Learn extra: AllianceBernstein: Buyers ought to enhance personal credit score allocations
New York-based Eleven permits fund managers to service their buyers in a single place all through your complete investor journey.
Fund managers can have their buyers find out about them, subscribe on-line and be serviced by the fund administrator in their very own branded atmosphere.
Eleven additionally offers fund directors with infrastructure to service their purchasers and buyers.
Learn extra: CIFC launches multi-strategy credit score fund