Logan Henderson, founder & CEO at Gridline, announced the launch of Gridline Custom Funds in a post on LinkedIn.
Gridline Custom Funds will provide investment advisers and multifamily offices with the tools to efficiently construct and manage private funds through working to centralize fund operations, offering customization and flexibility, streamlining portfolio reporting and significantly reducing costs.
In his post, Henderson wrote, “Alternative investments have become fundamental to successful long-term portfolios, yet the process remains riddled with inefficiencies. We recognized that the outdated systems provided by legacy service providers are not scalable for private wealth (half of global AUM), and frankly, the user experience is so poor that you wouldn’t want to scale it