Hanover

Hanover Park provides an AI-native operating system designed for fund managers, vertically integrating fund administration, portfolio management, and the limited partner (LP) experience. The company was founded in 2024 and is headquartered in New York, NY.

The platform aims to modernize fund operations by replacing siloed systems like QuickBooks, Excel, and legacy admin tools with a single, integrated solution. Its core services include full-service fund administration, real-time fund metrics, a modern investor portal, portfolio modeling, and management tools. Features include automated financial reporting, capital call and distribution management, waterfall modeling, and key performance indicator (KPI) collection. The system offers an AI assistant that allows users to query portfolio data, such as co-investor information and founder updates.

Hanover Park targets institutional-grade firms, including venture capital, private equity, private credit, family offices, and fund of funds. The business model centers on providing a comprehensive platform that not only handles accounting and compliance but also delivers actionable insights to give fund managers a competitive edge. The company states it has over $1 billion in assets under administration and has completed SOC 1 and SOC 2 audits.

Keywords: fund operating system, AI-native fund administration, portfolio management software, venture capital operations, private equity back office, LP portal, fund accounting, investment management platform, real-time fund metrics, waterfall modeling, capital call automation, distribution management, financial reporting for funds, investor relations software, KPI tracking, AUA, SOC 1 compliant, SOC 2 compliant, New York, FinTech