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19 February 2025 – PACT Capital, an independent GP stakes firm for middle-market fund managers, has selected LemonEdge, the fund accounting solution for private markets funds, to anchor its back-office operations.
Headquartered in New York, PACT leverages advanced technology, including its proprietary imPACT platform to assist fund managers in improving internal operations as well as outcomes for underlying portfolio companies.
The PACT team had deep knowledge of legacy systems and was looking for a next-generation solution to build on its technology stack. With its native fund structure management, waterfall calculation engine and out of the box ILPA reporting capabilities, LemonEdge quickly proved itself to be the end-to-end back-office platform that PACT was looking for. The platform’s flexibility gave PACT confidence that the firm will be able to seamlessly scale its operations as it grows.
Gareth Hewitt, Chief Executive Officer, LemonEdge, said: “We are proud to have the trust of the PACT team in supporting their back-office operations so they can focus on what they do best. We look forward to helping PACT scale its operations as the firm continues its impressive growth.”
Jonathan Snider, Chief Financial and Compliance Officer, PACT, said: “I’ve been keeping close track of back-office providers for many years, and LemonEdge has been consistently executing at the highest level. We were really impressed at how far the platform has come and are excited to leverage LemonEdge to further automate and scale our operations.”
About PACT Capital
PACT Capital is an independent investment firm focused on providing capital and strategic support to middle-market alternative asset management firms. PACT seeks to partner with high-performing established and emerging private capital firms and help them to achieve their strategic objectives. Headquartered in New York, PACT utilizes its proprietary imPACT platform to assist partner firms in accelerating capital formation, designing and launching new products, improving operations, attracting and retaining talent, leveraging cutting-edge technology, and improving outcomes for underlying portfolio companies. For more information, please visit https://www.pactcapitalpartners.com/.
About LemonEdge
LemonEdge is a leading fund, partnership, and portfolio accounting solution for private markets investment firms. Founded in 2020, the company services a variety of asset classes globally with over $1.7 trillion in assets under client management. LemonEdge is headquartered in London, with the team in New York, Miami, Austin, Amsterdam, and Delhi. The firm is backed by Blackstone Innovation Investments, Sidekick Partners, and Lauren Iaslovits (Ex-founder of private markets accounting platform). For more information, please visit our website or LinkedIn.
Media Contacts
PACT Capital
Mike Geller
Prosek Partners
mgeller@prosek.com
LemonEdge
Jamie Nascimento
info@lemonedge.com
