Passthrough
Passthrough offers a streamlined approach to managing fund workflows, focusing primarily on simplifying investor onboarding and compliance processes. The platform is designed to automate the complexities associated with fund documentation, KYC/AML compliance, and 31 CFR regulatory requirements, thereby allowing fund managers to focus on operational growth rather than administrative burdens. With a vision to enhance efficiency and accuracy in fund management, Passthrough is trusted by over 2,000 leading funds, evidencing its robust adoption across the industry.
The suite of solutions provided by Passthrough includes electronic subscription documents, KYC/AML services, and comprehensive 31 CFR compliance management. These solutions are integrated into a unified platform, offering real-time visibility into the status of fund raises and enabling seamless coordination among teams. By automating these processes, funds can significantly reduce the time spent on manual documentation and compliance, achieving faster and more accurate fund closures.
Key features of Passthrough's platform include its ability to map beneficial owners intelligently and screen them automatically against sanctions lists. It also ensures compliance with 31 CFR regulations, eliminating the need for fund managers to become regulatory experts. The platform's data management capabilities are bolstered by its open API, which facilitates integration with CRM systems and other digital platforms, ensuring data consistency and reusability across different funds and legal jurisdictions.
Passthrough collaborates with a diverse range of partners, including law firms, fund administrators, and tech providers. These partnerships enhance its platform's capabilities, enabling it to offer customized solutions that cater to the specific needs of different sectors and stages of fund management. The platform's technical capabilities are further underscored by its adherence to robust security standards, including SOC 2 Type II compliance and GDPR compliance as both a data processor and controller.
The integration capabilities of Passthrough are comprehensive, allowing for seamless connectivity with existing systems and platforms. This is facilitated through its API, which supports data connectivity and ensures compatibility with various CRM systems, investor portals, and data rooms. This flexibility is crucial for family offices and wealth management firms that require tailored solutions to manage their unique workflows effectively.
Key Features
Passthrough's core platform is designed to simplify and automate the investor onboarding process for family offices and fund managers. The platform's primary value proposition lies in its ability to reduce administrative burdens by automating subscription documents, compliance checks, and regulatory documentation. This cloud-based solution enhances operational efficiency and accuracy, allowing clients to focus on strategic growth.
- Electronic Subscription Documents
- KYC/AML Compliance Automation
- 31 CFR Compliance Management
- Real-time Fund Raise Status Tracking
- Beneficial Owner Mapping and Screening
- Open API for System Integration
- GDPR and SOC 2 Type II Compliance
- Data Normalization and Export Capabilities
- Automated Data Updates for CRM Systems
- Penetration Testing for Enhanced Security
Use Cases
Passthrough caters to a wide range of client types, including single and multi-family offices, private banks, and wealth managers. The platform is particularly effective in automating and streamlining workflows, reducing the time and effort required for investor onboarding and compliance management. Typical implementations lead to significant operational improvements and workflow enhancements.
- Automate portfolio reporting for quarterly family meetings
- Streamline investor onboarding for new fund launches
- Ensure compliance with international KYC/AML regulations
- Manage complex subscription documents for diverse investor bases
- Integrate fund data with existing CRM systems for enhanced reporting
- Reduce duplication of investor data across multiple funds
- Enhance data security through regular penetration testing
- Customize legal agreements for specific fund requirements
- Facilitate seamless communication between fund managers and legal teams
- Accelerate capital call processes through integrated workflows
Integrations
Passthrough's integration capabilities are designed to ensure seamless connectivity with a variety of platforms and systems. The platform offers an open API, enabling comprehensive data connectivity and compatibility with existing CRM systems, investor portals, and data rooms. These integrations are essential for maintaining efficient and accurate fund management processes.
- CRM System Integration
- Investor Portal Connectivity
- Data Room Compatibility
- API for Custom Integrations
- Legal Document Management Systems
- KYC/AML Data Providers
- Compliance Monitoring Tools
- Fund Administration Platforms
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Related Resources
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- Alternative Investments Guide