LemonEdge, the innovative, cloud native platform will deliver full end-to-end automations, reporting flexibility and greater operational efficiencies for the LP, GP and fund accounting for Astorg Group S.a.r.l Luxembourg (“Astorg”). Astorg is a Pan- European private equity firm with over €18 billion of assets under management.
On the LemonEdge platform, Astorg will manage the full accounting processes in one single, seamless chain of operations, without the need for offline processes. This includes transaction automation across the fund structure, without legacy equity pick up, single click ILPA and customer reporting, and integrated, sometimes complex, calculations including NAV, waterfalls and IRRs.
“Astorg has always prided itself on the LP experience combined with consistent returns. Our fund operations play a key role in delivering this capability” said Guillaume de Malliard, COO and Partner at Astorg. “LemonEdge has proven market-leading capabilities that, combined with our experienced team, will enable the continuing evolution of our operations to become agile, efficient and able to added further value to our investors”
“We’re delighted to partner with Astorg. Their team have shown an incredible aptitude to utilizing the full capabilities of LemonEdge to drive efficiencies across fund operations.” Said Gareth Hewitt, CEO LemonEdge. “As an established brand in Luxembourg, we’re excited about the ongoing engagement with this key jurisdiction”.
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About Astorg Group S.a.r.l
Astorg is a European private equity firm with over €18 billion of assets under management. Astorg works with entrepreneurs and management teams to acquire market leading global companies headquartered in Europe or the US, providing them with the strategic guidance, governance and capital they need to achieve their growth objectives. Enjoying a distinct entrepreneurial culture, a long-term shareholder perspective and a lean decision-making body, Astorg has valuable industry expertise in healthcare, software, technology, business services and technology-based industrial companies. Astorg has offices in London, Paris, New York, Frankfurt, Milan and Luxembourg.
About LemonEdge
LemonEdge is a next-generation platform for managing private markets fund and portfolio accounting. The first modern API-based, low-code platform for complex accounting, delivering the performance, complexity, and fast custom requirements demanded by the industry with user experience center stage. Offering waterfall technology, system integrated Excel calculations, unrestricted scenario planning, and an investor portal. For further information please visit https://www.lemonedge.com
Contacts
Jamie Nascimento, co-founder, and chief commercial officer
LemonEdge
London, UK
jamie@lemonedge.com
