Anduin, the private market transaction innovator, announced the appointment of Jeffrey Gelfand as an industry adviser. With more than two decades of investment management industry knowledge and experience, Gelfand will work closely with Anduin to offer strategic insights on product expansions and rollouts and help the company set the standard in streamlining the fundraising process. Gelfand will also accelerate Anduin’s expansion into private equity and hedge funds.
Throughout his career, Gelfand has served as the start-up Chief Financial Officer for Evercore, Silver Point Capital and most recently, Centerbridge, and experienced first-hand the frustrations associated with closing fundraising rounds with legacy software, or no software at all. On average, between 50-80% of fund documents are not in good order (NIGO) when first submitted – Anduin, however, averages less than 7% NIGO, leading the industry in ease-of-use and money/time saved, with some investors able to complete their SubDocs in less than ten minutes.
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“The days of flying blind in fundraising are over because of Anduin. Its platform is intuitive and helps investors and fund managers easily navigate the process,” said Gelfand. “I’ve been closely engaged in the fundraising process and know how tedious it can be. The industry is eager for modern solutions that can save time and money so fund managers and administrators can focus their energy on more strategic initiatives. Anduin is a game changer and I can’t wait to help them continue to raise the bar.”
“From our first meeting, I knew Jeff understood the potential for what Anduin could become: the go-to platform for end-to-end investor lifecycle management. He not only has the industry know-how, but also the strategic insight critical to elevate us to the next level,” said Eliot Hodges, CEO of Anduin.
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Indicative of the confidence that Gelfand has shown in Anduin, firms such as Better Tomorrow Ventures, EJF Capital and PartnersAdmin are streamlining their fundraising processes using Anduin.
“The onboarding process with Anduin has been a delight for both the EJF team and our investors,” said Kristin Noll, Chief Administrative Officer of EJF Capital. “Previously, we leveraged email and PDF documents which required significant back and forth during the subscription process. With all of this now digitized and automated through Anduin, the investor receives a more enhanced, streamlined experience. And we expect fundraises to close faster and be less of an administrative burden for everyone.”
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