Case Study: AllianceBernstein achieves a single source of truth for private fund documentation with Ontra's Insight

AllianceBernstein Alternatives Leverages Insight to Create a Single Source of Truth for Fund Documentation

AllianceBernstein, a leading global investment-management firm with approximately 697 billion in assets under management, faced growing complexity in tracking LPAs, side letters, and other private fund documentation as its alternatives business expanded. To give multiple stakeholders across legal, compliance, finance, investor relations and business development visibility and accountability, AllianceBernstein engaged Ontra and adopted its Insight solution to streamline LPA and side-letter compliance.

Ontra’s Insight created a single source of truth for fund documentation, allowing the firm to assign specific obligations and tasks to the appropriate stakeholders and provide firmwide access to investor-related commitments. The implementation enabled AllianceBernstein to answer complex investor questions more quickly, drive organizational accountability, and stay ahead of the increasing complexity of private funds documentation.

AllianceBernstein

Neal Kalechofsky

VP, Alternatives Legal