co-founder/ceo @hanoverpark
Joined June 2020
- Tweets 11,919
- Following 2,060
- Followers 191,851
- Likes 30,418
867 Photos and videos
Pinned Tweet
Mar 18
We raised a $27M Series A to replace the spreadsheets and human duct tape behind $100 trillion in global assets.
Fund administration is the invisible backbone of private equity and venture capital - and it’s broken.
Why?
Financial data is scattered, stale, and locked inside legacy providers. Books take forever to close. Basic questions about your own fund take days to answer.
So we rebuilt the general ledger, waterfall engine, investor portal, and portfolio management from scratch.
One single source of truth for your firm.
Our AI agents read emails, propose journal entries, and extract portfolio updates in seconds. Our CPAs review every output.
Today, we administer $15 billion in assets - and we’re just getting started.
Every fund CFO keeps getting asked: how will you adopt AI?
Now you have an answer.
Run your firm in real-time with @hanoverpark.
–-
Excited to partner with Jake Saper at @emergencecap @peterjhebert at Lux, @chadbyers/@pratyushbuddiga at Susa and CFOs at the largest private equity firms to forge this future.
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Jun 12
Our AI email agent just caught an error in a closing set legal doc that differed from wire instructions provided by the company.
The VC CFO was blown away.
Let’s go @hanoverpark 🚀
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Chris Hladczuk retweeted
Jun 10
Two @BananaCap_ companies @hanoverpark and @joinforage scooping up customers and hiring aggressively to better serve them
Jun 10
(6/9) A few of our favorite under-the-radar roles from fast-growing companies:
• @jgreze from @TownAI is hiring a business operations person.
• @parker_mckee from @pillar_vc is hiring an investment analyst.
• @jakebolling from @ScotchPOS is hiring customer success people.
• @itaiben from @honeycombins is hiring for sales, HR, and product.
• @chrishlad from @hanoverpark is hiring a founding account executive.
• @james_k_he from @societies_io is hiring a forward deployed engineer.
• @philippemizrahi from @Linkup_platform is hiring a founding salesperson.
• @JTLonsdale from @8vc is hiring a technical builder and a social media writer.
• @OfekLavian from @joinforage is hiring an account executive and a product lead.
• @rwalk_xyz from @gen_legal_inc is hiring a founding product marketing manager.
✨ Follow Next Play for more (and link to full list in the first comment)
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Jun 10
Come join us @hanoverpark !
Jun 10
(6/9) A few of our favorite under-the-radar roles from fast-growing companies:
• @jgreze from @TownAI is hiring a business operations person.
• @parker_mckee from @pillar_vc is hiring an investment analyst.
• @jakebolling from @ScotchPOS is hiring customer success people.
• @itaiben from @honeycombins is hiring for sales, HR, and product.
• @chrishlad from @hanoverpark is hiring a founding account executive.
• @james_k_he from @societies_io is hiring a forward deployed engineer.
• @philippemizrahi from @Linkup_platform is hiring a founding salesperson.
• @JTLonsdale from @8vc is hiring a technical builder and a social media writer.
• @OfekLavian from @joinforage is hiring an account executive and a product lead.
• @rwalk_xyz from @gen_legal_inc is hiring a founding product marketing manager.
✨ Follow Next Play for more (and link to full list in the first comment)
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Jun 5
I did not expect Hanover Park to be in this post.
Jun 4
Jalen Brunson shared that his inspiration for winning the NBA Championship comes from a surprising influence: AI startup founders.
"I've been using AI for some training this season. And I can concretely say that I'm fully AGI pilled.
I found myself inspired by the leadership of Dario Amodei, and how Sam Altman overcame being removed by the board and returning to help his team at OpenAI, and I'm even going to use some of his moves in the Finals.
I've been reading about the new AI-native services companies, and AI code gen like Cursor, fund admin like Hanover Park, and customer service revenue engines like Monaco. In game situations, I'm gonna focus on 'what would Elon do' and just try and do that.
So yeah, I'm going to channel all that in the Finals."
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Jun 4
One of the top private equity CEOs started his own fund.
One of his first decisions:
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Chris Hladczuk retweeted
Jun 4
This is what customer obsession and building the right way from Day One earns you.
We're just getting started. Let's goooo
Jun 4
Thomas Swalla sold Dotmatics to Siemens for $5.1 billion.
Now he and Jared Rosen (10 years at Insight Partners) are building IO Capital - the first AI-native growth equity firm.
And they just chose @hanoverpark as their fund admin and financial infrastructure.
"If we're going to operate agent-first, our infrastructure has to match. We made a deliberate choice to align IO with partners who share our conviction that AI-native software compounds value. Hanover Park didn't bolt AI onto a legacy platform - they built it from scratch.”
A firm whose investment workflow runs on agents can't run its back/middle office on data silos and manual reconciliation.
Our philosophy: AI prepares. Expert accountants review.
One vertically integrated system of record across fund admin, portfolio intelligence and the LP experience.
Agent-first investment firms will be the ones that survive and thrive in this new era.
Proud to power IO Capital.
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Chris Hladczuk retweeted
Jun 4
The top AI-native investors are choosing @hanoverpark
Jun 4
Thomas Swalla sold Dotmatics to Siemens for $5.1 billion.
Now he and Jared Rosen (10 years at Insight Partners) are building IO Capital - the first AI-native growth equity firm.
And they just chose @hanoverpark as their fund admin and financial infrastructure.
"If we're going to operate agent-first, our infrastructure has to match. We made a deliberate choice to align IO with partners who share our conviction that AI-native software compounds value. Hanover Park didn't bolt AI onto a legacy platform - they built it from scratch.”
A firm whose investment workflow runs on agents can't run its back/middle office on data silos and manual reconciliation.
Our philosophy: AI prepares. Expert accountants review.
One vertically integrated system of record across fund admin, portfolio intelligence and the LP experience.
Agent-first investment firms will be the ones that survive and thrive in this new era.
Proud to power IO Capital.
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Jun 4
Thomas Swalla sold Dotmatics to Siemens for $5.1 billion.
Now he and Jared Rosen (10 years at Insight Partners) are building IO Capital - the first AI-native growth equity firm.
And they just chose @hanoverpark as their fund admin and financial infrastructure.
"If we're going to operate agent-first, our infrastructure has to match. We made a deliberate choice to align IO with partners who share our conviction that AI-native software compounds value. Hanover Park didn't bolt AI onto a legacy platform - they built it from scratch.”
A firm whose investment workflow runs on agents can't run its back/middle office on data silos and manual reconciliation.
Our philosophy: AI prepares. Expert accountants review.
One vertically integrated system of record across fund admin, portfolio intelligence and the LP experience.
Agent-first investment firms will be the ones that survive and thrive in this new era.
Proud to power IO Capital.
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Jun 3
What is wrong with legacy fund admins?
There are many reasons... but a big one is SLOWNESS.
We onboarded a new, complex fund recently and delivered this magical moment.
1) Onboarded new SPV
2) Triggered notification to LPs
3) CFO requested a capital call in natural language
4) Hanover Park approved and automatically posted notices to LPs
This happened in 6 hours.
And is only possible with an AI-native fund admin.
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May 22
Elon is the goat of reducing time between failure and follow up action.
May 21
Elon Musk's first wife once described what it's like to watch him fail.
She said he doesn't react the way normal people react. When a rocket explodes, most people in the room go silent. Some cry. Some start calculating the financial damage.
Musk pulls out his phone and starts making calls. Not emotional calls. Engineering calls. "What failed. When can we fix it. When's the next launch." His voice doesn't change. His face doesn't change. The rocket that just cost $60 million is already in the past. The next one is all that exists.
She said it was the most unsettling thing she'd ever witnessed. Not because he was cold. Because he genuinely wasn't affected. The failure didn't register as failure. It registered as data. An experiment that produced results. Results that inform the next experiment.
This is why he wins. Not because he doesn't fail. He fails more spectacularly than anyone in history. He wins because failure occupies zero psychological space. It enters as data and exits as action.
Most people lose not because they fail but because they spend weeks processing the failure before acting again. Musk spends zero seconds. The gap between failure and next attempt is a phone call.
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May 17
Nobody is coming to save you also implies that nobody is coming to stop you.
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May 14
“Question all assumptions and tell me I’m wrong.”
^ Most startups would never say this to a new hire. I say it on day one at @hanoverpark.
Why?
You’re hired to work here because we believe you can make magic happen.
And we want incredible people that join to tell us where we’re wrong… and ruthlessly question previous assumptions.
We are relentlessly truth-seeking at hanover park.
I care more about winning than my own ego.
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May 13
"If you could click 1 button and migrate 100% of your data to us, would you click it?"
I asked a $10B fund CFO this question.
He didn't hesitate. He didn't ask about pricing. He didn't ask about features.
He said: "I'd click it right now."
That's the dirty secret of fund administration. Most CFOs stay with their admin not because they're happy... but because migrating feels impossible.
We're building 1-click migration. No 6-month transition. No lost data. No parallel processing two systems forever.
Coming very soon.
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May 12
Last week I sat with 6 fund accountants at @hanoverpark for 15 minutes each.
Not our GPs. Not our CFOs. Our A team members owning customer outcomes.
What I got back: 14 product issues that are SILENTLY eating hours every quarter.
Here’s what legacy every fund admin gets wrong:
Their domain expert fund accountants are disconnected from engineering. Everyone feels powerless to impact change.
What do we do differently?
1) Every fund accountant sits in NYC alongside our engineers. No remote work telephone.
2) We build 100% of our own tech. No whitelabeled general ledgers. No stitched-together bill pay.
3) Domain experts pair directly with engineers to ship fixes. No PMs translating. No middlemen.
The result?
Relentless, obsessive focus on solving blockers to a day 0 close.
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May 11
This is legendary intensity.
May 10
Dana White on why he doesn’t believe in introspection:
“If you just sit around and talk about your fucking problems all the time it actually makes it worse.
I never take in any negativity.
I literally block it out.
I block all the noise out.
Like these guys who report on what we're doing that have no clue on what we're doing?
Why would I want to hear anything they have to say?
They're zeroes.
They've literally never done anything in their life, especially in this business.
Why would I listen to anything that they have to say?”
CC @pmarca
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May 8
Made my day!
May 8
feels like @hanoverpark is probably the way to go - anything more custom feels redundant
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Chris Hladczuk retweeted
May 7
.@hanoverpark is the 10th one
Hiring engineers, design, ops, sales, and fund accountants in NYC
May 6
The best companies to work at today:
1. Anthropic
2. OpenAI
3. Google DeepMind
4. SpaceX
5. xAI
6. NVIDIA
7. Tesla
8. Meta
9. Microsoft
10. ?
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