The AI-native fund admin. $20 billion in assets
New York, New York
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Onwards.
We raised a $27M Series A to replace the spreadsheets and human duct tape behind $100 trillion in global assets.
Fund administration is the invisible backbone of private equity and venture capital - and it’s broken.
Why?
Financial data is scattered, stale, and locked inside legacy providers. Books take forever to close. Basic questions about your own fund take days to answer.
So we rebuilt the general ledger, waterfall engine, investor portal, and portfolio management from scratch.
One single source of truth for your firm.
Our AI agents read emails, propose journal entries, and extract portfolio updates in seconds. Our CPAs review every output.
Today, we administer $15 billion in assets - and we’re just getting started.
Every fund CFO keeps getting asked: how will you adopt AI?
Now you have an answer.
Run your firm in real-time with @hanoverpark.
–-
Excited to partner with Jake Saper at @emergencecap @peterjhebert at Lux, @chadbyers/@pratyushbuddiga at Susa and CFOs at the largest private equity firms to forge this future.
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Hanover Park retweeted
One of the fastest growing companies in NYC is hiring for a very unique role. Great opportunity at @hanoverpark for the right person.
I'm hiring a Chief of Staff at Hanover Park. This is not a normal job...
You'll parachute into special projects as we rebuild the financial infrastructure for $100 trillion of global investment assets. Our ambition is limitless. Yours should be too.
We are looking for:
- 3+ years of experience
- Relentless, will work 12+ hours/day, 6 days a week (yes weekends)
- Track record of never dropping balls (at all costs... no matter how many balls)
- Outlier organizational skill
- Outlier discipline
- [Bonus] Ex founder, ex chief of staff at a hyper growth company, or ex consulting/investment banking
- [Bonus] Some engineering experience
If you refer someone and they get the job, I will give you $10,000.
(Link to apply below)
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Behind the scenes at Hanover Park.
I finally got my co-founder @NickPuljic in front of a camera... it took a film crew showing up at our NYC office to do it.
And I let the Hanover Park team do the talking instead of me.
Here's a behind the scenes look at the team we're building:
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Hanover Park retweeted
I'm hiring a Chief of Staff at Hanover Park. This is not a normal job...
You'll parachute into special projects as we rebuild the financial infrastructure for $100 trillion of global investment assets. Our ambition is limitless. Yours should be too.
We are looking for:
- 3+ years of experience
- Relentless, will work 12+ hours/day, 6 days a week (yes weekends)
- Track record of never dropping balls (at all costs... no matter how many balls)
- Outlier organizational skill
- Outlier discipline
- [Bonus] Ex founder, ex chief of staff at a hyper growth company, or ex consulting/investment banking
- [Bonus] Some engineering experience
If you refer someone and they get the job, I will give you $10,000.
(Link to apply below)
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Hanover Park retweeted
This is an opportunity to apprentice with one of the most intense growth-stage CEOs in the game.
If you’re interested in starting an AI-native services business down the line, this is the best training role available today.
I'm hiring a Chief of Staff at Hanover Park. This is not a normal job...
You'll parachute into special projects as we rebuild the financial infrastructure for $100 trillion of global investment assets. Our ambition is limitless. Yours should be too.
We are looking for:
- 3+ years of experience
- Relentless, will work 12+ hours/day, 6 days a week (yes weekends)
- Track record of never dropping balls (at all costs... no matter how many balls)
- Outlier organizational skill
- Outlier discipline
- [Bonus] Ex founder, ex chief of staff at a hyper growth company, or ex consulting/investment banking
- [Bonus] Some engineering experience
If you refer someone and they get the job, I will give you $10,000.
(Link to apply below)
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Hanover Park retweeted
"The people who are not deep in the details and go to the source waste everyone’s time - this includes me as CEO. I will likely have less details than you on a topic - so I expect you to tell me I’m wrong and push back hard."
^ This is from "How to Succeed at Hanover Park" which is a doc that every new teammates reads on their first day.
It's important that we stay relentlessly truth-seeking. I don't care if I'm "right". I care that we get to the right outcome as fast as possible.
And this means that living in the details is the best opportunity to shape Hanover Park.
We don't believe in big hierarchy or bureaucracy.
We believe in individual contributors that act with full autonomy and agency to solve hard problems.
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Hanover Park retweeted
It's a big day in @hanoverpark history.
We just completed the first ever "1-click migration".
Our long-horizon AI agents ingested, cleaned and cross-checked inception to date historical customer financial data to import directly into Hanover Park.
Within 1 week of full data access, we were able to launch to their limited partners including extensive quality control by our team.
The hardest part has always been cleaning the crazy volume of historical data for our customers.
Now, we have the solution 🚀 .
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I see us!
A few startups currently hiring after $10-$50m raises (2/2):
• @doctronic - AI health assistant & telehealth (NYC / LA)
• @sandbar - voice-first conversational notes device (NYC)
• @LittlebirdAI - personal AI digital twin assistant (Remote)
• @runsybil - AI-driven penetration testing (NYC / Bay Area)
• @paraformtalent - AI-powered recruiter matching (Bay Area)
• @SiftStack - hardware telemetry observability (Bay Area / LA)
• @nuance_ai - human foundation model (emotional AI) (Seattle)
• @TurquoiseHC - healthcare price transparency data (US remote)
• @tazapay - cross-border payment & local collection (NYC / India)
• @hanoverpark - fund administration & portfolio management (NYC)
✨ Follow Next Play for more (and link to full list in the first comment)
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Hanover Park retweeted
The top AI-native investors are choosing @hanoverpark
Thomas Swalla sold Dotmatics to Siemens for $5.1 billion.
Now he and Jared Rosen (10+ years at Insight Partners) are building IO Capital - the first AI-native growth equity firm.
And they just chose @hanoverpark as their fund admin and financial infrastructure.
"If we're going to operate agent-first, our infrastructure has to match. We made a deliberate choice to align IO with partners who share our conviction that AI-native software compounds value. Hanover Park didn't bolt AI onto a legacy platform - they built it from scratch.”
A firm whose investment workflow runs on agents can't run its back/middle office on data silos and manual reconciliation.
Our philosophy: AI prepares. Expert accountants review.
One vertically integrated system of record across fund admin, portfolio intelligence and the LP experience.
Agent-first investment firms will be the ones that survive and thrive in this new era.
Proud to power IO Capital.
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Hanover Park retweeted
One of the top private equity CEOs started his own fund.
One of his first decisions:
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Hanover Park retweeted
Thomas Swalla sold Dotmatics to Siemens for $5.1 billion.
Now he and Jared Rosen (10+ years at Insight Partners) are building IO Capital - the first AI-native growth equity firm.
And they just chose @hanoverpark as their fund admin and financial infrastructure.
"If we're going to operate agent-first, our infrastructure has to match. We made a deliberate choice to align IO with partners who share our conviction that AI-native software compounds value. Hanover Park didn't bolt AI onto a legacy platform - they built it from scratch.”
A firm whose investment workflow runs on agents can't run its back/middle office on data silos and manual reconciliation.
Our philosophy: AI prepares. Expert accountants review.
One vertically integrated system of record across fund admin, portfolio intelligence and the LP experience.
Agent-first investment firms will be the ones that survive and thrive in this new era.
Proud to power IO Capital.
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Hanover Park retweeted
What is wrong with legacy fund admins?
There are many reasons... but a big one is SLOWNESS.
We onboarded a new, complex fund recently and delivered this magical moment.
1) Onboarded new SPV
2) Triggered notification to LPs
3) CFO requested a capital call in natural language
4) Hanover Park approved and automatically posted notices to LPs
This happened in 6 hours.
And is only possible with an AI-native fund admin.
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Hanover Park retweeted
Last week I sat with 6 fund accountants at @hanoverpark for 15 minutes each.
Not our GPs. Not our CFOs. Our A+ team members owning customer outcomes.
What I got back: 14 product issues that are SILENTLY eating hours every quarter.
Here’s what legacy every fund admin gets wrong:
Their domain expert fund accountants are disconnected from engineering. Everyone feels powerless to impact change.
What do we do differently?
1) Every fund accountant sits in NYC alongside our engineers. No remote work telephone.
2) We build 100% of our own tech. No whitelabeled general ledgers. No stitched-together bill pay.
3) Domain experts pair directly with engineers to ship fixes. No PMs translating. No middlemen.
The result?
Relentless, obsessive focus on solving blockers to a day 0 close.
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Hanover Park retweeted
.@hanoverpark is the 10th one
Hiring engineers, design, ops, sales, and fund accountants in NYC
The best companies to work at today:
1. Anthropic
2. OpenAI
3. Google DeepMind
4. SpaceX
5. xAI
6. NVIDIA
7. Tesla
8. Meta
9. Microsoft
10. ?
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Hanover Park retweeted
Last month, we radically changed how we ship product at @hanoverpark.
And it makes engineers 10x happier. Here’s how…
Pre-AI, engineers took tickets and shipped features.
Post-AI, engineers own product outcomes.
We want engineers to be architects... not order takers.
So what did we do?
1) We set trackable metrics that each engineer owns.
For example, this could be moving AI email agent no edit rate from 70% to 90% in a defined period.
The engineer that owns this metrics then creatively brainstorms and whiteboards the best way to move the metric.
2) We paired engineers with fund accountants to absorb domain expertise.
Fund accountants are our domain experts... and are valued as product managers / customer experts on their own pain points.
The goal?
Collapse the feedback loop from idea to code.
--
If this is interesting, don't hesitate to reach out. We're hiring more engineers + fund accountants to join our team.
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Hanover Park retweeted
I'm hiring a Founding Deployment Strategist at @hanoverpark.
This role means a lot to me. It's the closest thing to founding a company while inside one - you are the person that helps billion dollar CFOs navigate the AI transformation.
• When a customer needs a feature - they spec it or ship it.
• When a workflow doesn't exist - they build the SOP from scratch.
• When a CFO needs training on our Claude MCP - they build the skill.
Your only outcome metric?
Time to turn signed customer into raving fan.
We run through walls for our customers. That's the only way to disrupt incumbents that have been around since the 1980s.
Generalist builders thrive here - the product/ops/GTM hybrids who want to forge hard problems into existence.
You may be a former founder, ex investment banker/consultant, a product person or engineer who loves obsessing over customers.
If this is you, or you know someone great, please reach out.
(Link below for the application)
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Hanover Park retweeted
I love this Jeff Bezos quote:
"Wake up every morning terrified... Not of our competition, but our customers. We consider everyone loyal to us - right up until the second that someone else offers them a better service.
We must continue to invent on our customer's behalf to earn their business and trust.
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