Alternative investment firm Angelo, Gordon & Co has selected Intapp Terms to track and manage side letters, limited partnership agreements (LPAs) and other investor contracts.
Angelo, Gordon’s investor relations and compliance teams will use AI-assisted technology from Intapp to categorise the terms specified in each LPA and side letter as new clients are on-boarded, and then employ Intapp Terms to search and check individual investor requirements, and efficiently ensure compliance with those requirements.
The Intapp Professional Services Platform will also automate alerts to relevant employees or departments when information needs to be disclosed to investors, or when any other obligations are triggered over time.
“We take our obligations to our investors very seriously. Intapp Terms will help us to manage investor agreements more efficiently and provide our front- and back-office teams with ready access to key investor terms across all client accounts,” says Adam Freedman (pictured), Chief Compliance Officer, Angelo, Gordon & Co.
“Side letters are an important way for institutional investors to comply with their internal requirements, as well as their commitments to their own clients and stakeholders. Over time, managing a large number of these side letters can present challenges for fund managers, and require many hours of support from legal counsel and staff in reviewing individual documents to ensure that the funds are in compliance with investor requirements,” says Michelle Inferri-Tauss, Managing Director, Intapp. “By using Intapp Terms to centralise and automate key aspects of this process, Angelo, Gordon & Co will help its teams to work more efficiently and enhance client service.”