Hanover Park

What Hanover Park does

Hanover Park offers AI-native services for fund administration, portfolio management, KPI collection, and LP experience, aiming to replace multiple disparate tools and manual processes. The platform provides real-time answers, automates capital calls, reconciles cash, unifies general ledgers, analyzes deal documents and cap tables, and reconciles KPI values across various sources. It also features AI agents that can delegate tasks via email, grounded in a single source of truth and learning from historical transactions and fund structures. The system is built to handle complex financial operations like equity pickup, combination, consolidation, and ILPA reporting. Security and compliance are core to the platform, offering client-isolated AI, encryption at every layer, zero-trust access, complete audit trails, continuous monitoring, and AWS-hosted infrastructure with SOC 1 Type II and SOC 2 Type II certifications.

Key capabilities

• AI-native services with software
• Fund Administration
• Portfolio Intelligence
• KPI Collection
• LP Experience
• AI Agents
• Built for Complexity (Equity pickup, Combination, Consolidation, ILPA reporting)
• Bill Processing with intercompany journal entries proposed
• Evidence Collection (invoices and documents extracted from email, filed automatically)
• Investment Updates (automatically proposes schedule)
• LP Responses (proposes actions like contact updates or template responses)
• KPI Reconciliation (compares portfolio monitoring data across sources)
• Cash transactions auto-categorized
• AI email agent actions approved without edits
• Same-day Capital Activity
• Client-Isolated AI
• Encrypted at Every Layer (AES-256, TLS 1.3)
• Private cloud environment on AWS with optional dedicated infrastructure
• Zero-Trust Access (role-based access controls, MFA enforced)
• Complete Audit Trail (logged actions, export-ready audit logs)
• Continuous Monitoring (automated compliance via Drata, vulnerability scanning)
• AWS-Hosted Infrastructure with automated backups

Use cases

• Replacing multiple broken tools and human duct-tape in finance
• Real-time financial answers instead of stale spreadsheets
• Same-day capital calls
• AI reconciled cash management
• Unified general ledgers
• Analyzing deal documents and cap tables
• Reconciling KPI values between forms, board decks, and email updates
• Providing instant answers to investors
• Delegating tasks to AI via email
• Managing complex financial operations (equity pickup, combination, consolidation, ILPA reporting)
• Processing bills and proposing intercompany journal entries
• Extracting and filing invoices and documents from email
• Automating investment update scheduling
• Proposing actions for LP responses
• Comparing portfolio monitoring data
• Automating cash transaction categorization
• Approving AI email agent actions
• Achieving same-day capital activity

AI approach

Hanover Park provides AI-native fund administration services, using AI to reconcile cash, analyze deal documents and cap tables, reconcile KPI values, and provide instant answers to investors. It uses AI agents for tasks like bill processing, evidence collection, investment updates, and LP responses. The AI learns from historical transactions, rules, and fund structure.

What it says sets it apart

• AI-native operating system for managers
• Modern LP experience
• Robust security and compliance DNA
• First AI-native, easy-to-use, and feature-rich fund administrator
• Client-isolated AI (data never shared across clients or with third-party AI providers)
• Full ownership and control over firm's sensitive data
• AES-256 encryption at rest and TLS 1.3 in transit
• Private cloud environment on AWS with optional dedicated infrastructure for enterprise clients
• Granular role-based access controls to the fund level
• MFA enforced by default
• Complete audit trail with user identity, timestamp, and context
• Export-ready audit logs supporting SOC 1, SOC 2, and LP reporting requirements
• Automated compliance monitoring via Drata with real-time alerting
• Continuous infrastructure scanning for vulnerabilities, misconfigurations, and anomalous access patterns
• SOC 1 Type II certified (controls over financial reporting)
• SOC 2 Type II certified (security, availability, and confidentiality)

Funding rounds we track

From the AI funding tracker — rounds as reported by the linked publications.