Hanover Park $27M Series A (Emergence Capital): AI-Native Platform Targets $100T Private Fund Administration Infrastructure

GlobeNewswire·high signal

Hanover Park raised a $27M Series A led by Emergence Capital (first institutional investor in Salesforce and Zoom) with Lux Capital and Susa Ventures, announced March 18, 2026, positioning itself as the 'first AI-native fund administrator' for PE and VC. The platform builds its general ledger, waterfall engine, LP portal, and portfolio management as a single source of truth rather than integrating existing SaaS tools like Allvue or Arcesium. In one year Hanover Park scaled from $1B to $15B in assets under administration — demonstrating that vertically-integrated AI platforms displace incumbent software by doing the whole job rather than selling another point solution.