Ontra, a provider of contract automation and intelligence solutions for asset managers, will acquire the material assets of Captain, a technology provider in the alternative funds space. The move will allow Ontra to bolster its legal operating system for private markets, providing asset managers with a more streamlined and efficient experience for private markets transactions. Terms of the agreement were not disclosed.
The integration of Captain’s assets on to the Ontra platform is an important step in building the future of digital funds lifecycle management, including modernising burdensome processes such as subscription documents, most favored nations (MFN) elections, side letter obligation management, and funds secondaries transfers. Ontra’s fund lifecycle management solution aims to improve efficiency, transparency, and performance for all parties involved in private markets transactions, including GPs, LPs, law firms, and fund administrators.