On Tuesday 15 October 2024, Luxembourg-based fundcraft announced that the private equity investing platform Moonfare is now live on its solution.
Moonfare seeks to democratise private equity investing by selecting the best funds from "General Partners", such as KKR, Carlyle and EQT, and offering access to these funds to eligible individual investors and family offices.
As reported by fundcraft, Moonfare has grown strongly since it launched its first fund in 2018. Today, the Moonfare platform has over 61,000 members, almost 4,800 active investors in over 110 funds and €3 billion under management. Its 200 employees operate from four locations across 22 countries.
Given its "rapid growth, its emphasis on efficiency and automation, as well as the expectations of its customers for a fully digital experience", the challenge for Moonfare was reportedly to find an administrator able to offer API integration into the Moonfare platform and fully digital KYC and capital call processes.
Magnus Grufman, Chief Operating Officer at Moonfare, commented: "Moonfare is a digital asset manager heavily reliant on technology, and in fundcraft we have found a tech-first partner for fund administration. It's a great match. We have been able to automate many end-to-end processes, as well as enjoy much higher transparency by having all data and processes centralised on a single system. Most importantly, we have future-proofed the business for the next phase of growth."
Olga Porro, Chief Product Officer at fundcraft, added: "This is a true partnership with Moonfare. We have worked extremely collaboratively from the start, adapting and enhancing the platform to achieve really important productivity gains and making fundcraft a better solution for all of our clients, present and future. We look forward to a long and fruitful relationship ahead."
