AllianceBernstein Leverages Insight to Create a Single Source of Truth for Fund Documentation
Challenge: The rapid growth of AllianceBernstein’s alternatives platform generated the need for a dedicated software solution that simplifies LPA and side letter compliance.
Given the rapid growth of its alternatives platform, AllianceBernstein recognized the need to implement a dedicated software solution that would simplify LPA and side letter compliance by allowing multiple functions across the global firm to have visibility into AllianceBernstein’s obligations to its alternatives investors.
Solution: AllianceBernstein implemented Insight, Ontra’s purpose-built solution for fund obligation management, to provide multiple functions with visibility into the global firm’s obligations to its alternatives investors.
AllianceBernstein’s VP, Alternatives Legal, Neal Kalechofsky, set out to find a solution that would allow multiple stakeholders across the firm to have access to and accountability for the growing number of private fund documents and obligations that AllianceBernstein was entering into with its investors. With Insight, Kalechofsky found a user-friendly tool that could be utilized by all of the functions at the firm including legal, compliance, finance, investor relations, and even business development professionals.