BridgePort, a fintech company that specializes in private markets, is partnering with ZEDRA, which is a global firm providing fund administration, corporate, and wealth management services, to create an all-in-one digital platform for fund administration. This partnership is geared towards helping ZEDRA scale their infrastructure with the rising number of private market investments that end up in wealth management channels.ZEDRA manages more than $140 billion worth of fiduciary assets and works with more than 1,100 fund managers. The platform will provide a digital subscription and capital transaction process, KYC know your customer onboarding and ongoing screening, branded manager portals, customizable data rooms, and digital syndication services.
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There will be centralized dashboards for consolidating investor accounting, documents, data, and reporting from multiple applications and jurisdictions. Future releases will have AI-powered capabilities for data pipeline, onboarding, reconciliations, and reporting. “there is a fundamental mismatch between traditional fund operations and the demands of wealth channel distribution. Processes designed for 30–40 institutional investors simply don’t scale to 2,000 investors writing $50K–$250K checks across dozens of advisors, custodians, and reporting platforms. The economics, data complexity, and operational handoffs have changed dramatically, but the infrastructure has not kept pace. Our partnership with BridgePort allows us to close that gap for our clients.” Andrew Dipkin, Head of Funds, Americas at ZEDRA.
