Glenmede Joins SUBSCRIBE to Digitally Transform
and Centralize Alternative Investment Workflows
April 19, 2024 (New York, NY) – SUBSCRIBE, the leading operating system for alternative investments serving institutional investors, wealth management firms, and fund managers, announced today that The Glenmede Trust Company, N.A. (“Glenmede”), one of the nation’s leading investment and wealth management firms, overseeing $45.5 billion of assets under management, has joined SUBSCRIBE to enable digital onboarding and subscription document workflows for their clients who invest in private market funds. The implementation will help the firm consolidate alternative investment products, processes, and data onto a robust alts operating system.
“Glenmede’s commitment to digitalization of our private markets program is significant, and this partnership is a testament to our strategic vision to provide our clients with unparalleled efficiency,” said Brian Smeddy, Director of Investment Management Solutions at Glenmede. “Through the integration of SUBSCRIBE, we aim to redefine industry workflow standards and empower our clients with enhanced capabilities to navigate the operational complexities of private funds with ease.”
“The SUBSCRIBE operating system for alternative investments reduces the manual burden of managing an institutional private markets program,” said Rafay Farooqui, Founder and CEO of SUBSCRIBE. “Since 2015, our state-of-the-art technology has been an industry leader helping organizations digitally transform and gain control over their alternative investments. We are further excited by the growing adoption of our unified alternative investments solution within the Bank & Trust segment of the industry.”
SUBSCRIBE provides institutional investors, fund managers, and service providers with the alternative investment industry’s leading order management system for alternative product transactions. The platform services include reusable universal investor profiles, eSubDocs, centralized order workflow and data integrations with all stakeholders – delivered through an open-architecture, API based, and inter-operating system.
About SUBSCRIBE
SUBSCRIBE, the leading order management system for alternative product transactions, allows any LP, GP, or SP to compliantly mobilize and digitize their investor onboarding processes and fund subscription documents in minutes. This technology ushers in the digital transformation of the private markets and leads the pack of E-SubDoc platforms available in the market today by transacting billions of dollars’ worth of subscriptions. It serves over 4,000 institutional LPs, 800 GPs, and 4,000 of their fund offerings, and is integrated with over 400 service providers, from law firms, fund administrators, and custodians, to capital introduction and placement agents, among others. For more information visit us on www.SUBSCRIBEplatform.com or on LinkedIn.
About Glenmede
The Glenmede Trust Company, N.A. (“Glenmede”) is among the nation’s leading investment and wealth management firms. Together with its affiliates, the company oversees $45.5 billion of assets under management for high-net-worth individuals, families, family offices, endowments, foundations and institutional clients. Headquartered in Philadelphia, the firm has offices in Ohio, Delaware, Florida, New Jersey, New York, Pittsburgh and Washington, DC. For further information, please visit www.glenmede.com
ABOUT SUBSCRIBE
SUBSCRIBE is a fintech company digitally transforming the landscape of alternative investments for fund managers, institutional investors, wealth managers, law firms, and fund administrators. Our platform technology modernizes the archaic infrastructure of private fund investments by delivering a central operating system — catering to every role within the investment process empowering them to connect any fund, any investor, anywhere in the world on a single platform.
