Cascata Solutions
Cascata Solutions is a New York-based fintech SaaS provider that builds cloud-based automated distribution waterfall, carried interest, and management-fee software for private equity fund managers and fund administrators.
- Company typePrivate
- Founded2014
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Cascata Solutions does
Cascata Solutions is a privately held, bootstrapped fintech firm founded in 2014 and headquartered in New York City, with additional offices in Europe and Asia. The company builds cloud-based SaaS for private equity back-office workflows, specifically automated distribution waterfall calculation, carried interest modeling, and management fee administration. Its flagship product, Cascata PE Suite™, is positioned as a self-service platform that replaces error-prone Excel-based waterfall processes with a proprietary high-precision calculation engine supporting multiple methodologies (Simple Compounding, IRR-based, Interest on Net Contribution, Tranched FIFO, Stop the Clock) across American and European fund structures, with claimed out-of-the-box coverage of 85%+ of standard structures. The platform exposes a drag-and-drop model construction interface, a conditional user-defined rules engine for complex multi-tiered carry arrangements, full-formula Excel transparency for auditor handover, a rule-based ETL layer for general-ledger integration, and an API for back-office embedding.
The technology layer is augmented by a Claira-powered AI module that ingests Limited Partner Agreements and side letters to auto-extract fund terms, marketed as a 70%+ reduction in implementation time. A parallel product, the Shadow Distribution Waterfall Administration Service, offers an independent verification layer for fund managers and administrators who have not fully migrated off legacy back-office systems. Co-branded offerings extend distribution further: uWaterfall™ with Ultimus LeverPoint Private Fund Solutions (OEM/white-label) and Bridge Shadow Waterfall with Bridge Alternatives (co-branded service), with additional integration into Inveniam's blockchain platform for audit-trail anchoring.
The company monetizes via quote-based annual SaaS subscriptions for the platform tier and professional services fees for the Shadow offering, with a direct enterprise sales motion targeted at PE fund managers and fund administrators, supplemented by an unusually deep channel-partner footprint. Customers include Socium Fund Services (Suntera Global), ZEDRA, EFSI, 4Pines Fund Services, Ultimus LeverPoint, Bridge Alternatives, and Inveniam Capital Partners. Cascata has reported no external funding rounds, operates with 11-50 employees, and remains under founder-led control (Chuck Dooley, CEO & Co-Founder; Patrick Brunner, Co-Owner of Product Strategy & Business Delivery).
Cascata Solutions firmographics
Firmographics- Name
- Cascata Solutions
- Legal name
- Cascata Solutions
- Website
- https://cascata-solutions.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Cascata Solutions is a New York-based fintech SaaS provider that builds cloud-based automated distribution waterfall, carried interest, and management-fee software for private equity fund managers and fund administrators.
- Ownership category
- akta.pro rank
Cascata Solutions industry classification
Industry- Product category
- Private Equity Fund Administration Software
- NAICS
- Software Publishers (5132), Computer Systems Design and Related Services (54151)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Pricing, Revenue & Commercial Analytics (BPAHALAM)
- akta.pro secondary industry
- Enterprise PaaS (App Runtime & Managed Application Platforms) (HDAEAKAB)
Keywords
Where Cascata Solutions is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Cascata Solutions business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Software Platform Subscription: SaaS platform subscription for Cascata PE Suite providing automated waterfall calculation and management tools. The platform is deployed as a cloud-based solution with subscription-based pricing model.
- Shadow Waterfall Administration Services: Independent quality check service providing fee and carried interest verification for fund managers and administrators. Professional services engagement model.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise Platform Subscription |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
Cascata Solutions product offering
Product offeringCore offering
Cascata Solutions provides a cloud-based SaaS platform, Cascata PE Suite™, that automates distribution waterfall and carried interest calculations for private equity fund managers and fund administrators, replacing manual Excel-based processes. The platform features a proprietary high-precision calculation engine, drag-and-drop model construction, conditional user-defined rules, full-formula Excel transparency, and hypothetical scenario analytics. The company also offers a Shadow Distribution Waterfall Administration verification service and AI-powered LPA document understanding via a Claira partnership.
Product overview
Cascata Solutions offers a unified product portfolio centered on its core platform, Cascata PE Suite™, complemented by an AI-powered legal document understanding add-on via Claira, and the Shadow Distribution Waterfall Administration Service. Cascata PE Suite™ is the flagship, cloud-based, self-service waterfall calculation engine that handles distribution waterfall automation for private equity, supporting both American and European fund structures with 85%+ out-of-the-box coverage. The platform provides drag-and-drop model construction, high-precision calculation, full-formula Excel transparency, and hypothetical scenario analytics. The Shadow Distribution Waterfall Administration Service delivers an independent verification layer on top of existing back-office workflows, while co-branded offerings like uWaterfall™ (with Ultimus) and Bridge Shadow Waterfall (with Bridge Alternatives) extend Cascata's technology into white-label service offerings from major fund administrators. The Claira AI integration adds LPA and legal contract understanding as a data ingestion layer for the platform.
Differentiator
Problem solved
Functional benefit
Brands
- Cascata PE Suite™: A fully equipped automated distribution waterfall software solution for private equity, featuring cloud-based fund management, dynamic rule sets, hypothetical modeling, and high-precision calculation engine.
- Shadow Distribution Waterfall Administration Service
Products and services
- Cascata PE Suite™ Fully equipped automated distribution waterfall software solution for private equity. Manages unlimited funds on a cloud-based platform with a proprietary high-precision calculation engine, one-click fund import, out-of-the-box waterfall models (American and European), dynamic rule sets, hypothetical distribution waterfall modeling and forecasting, extensive reporting and exporting, and a powerful API for back-office integration. Purpose-built for private equity fund managers and fund administrators replacing Excel-based processes.
- Shadow Distribution Waterfall Administration Service Independent quality check service for equity fund managers and administrators providing accuracy and compliance verification for fee and carried interest modeling and calculations within existing back-office fund accounting workflows. Includes source-system-agnostic import/export, sophisticated waterfall modeling, multi-tiered carry arrangements, fixed/floating preferred return calculations, automated fee and carry calculations, fund/investor allocation and fee tracking, reconciliation, and hypothetical cash flow/carry scenario planning.
- uWaterfall™ Cutting-edge waterfall calculation platform launched in partnership with Ultimus LeverPoint Private Fund Solutions and powered by Cascata technology. Combines Ultimus's fund administration and data management expertise with Cascata's software to deliver seamless data transfer, automated high-precision waterfall calculations, and full-formula transparency for alternative asset clients.
- Bridge Shadow Waterfall Co-branded shadow waterfall administration service launched in partnership with Bridge Alternatives, providing fund managers and administrators with independent verification and quality checks for accuracy and compliance of fee and carry calculations within existing back-office workflows, with auditable formula traceability and seamless data integration.
Quantifiable outcome
- Up to 45% efficiency gains for fund administration operations
- +3 more outcomes
Companies that use Cascata Solutions
Customer profileNamed customers7 records
Segments3 records
Ideal customer profiles3 records
Cascata Solutions technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability2 records
Feature8 records
Cascata Solutions partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core, major, strategic and minor.
- Bridge AlternativescoreBridge Shadow Waterfall launched as a product powered by Cascata Solutions. Delivers essential 'table stakes' functionality including auditable formula traceability, seamless data integration, dynamic system-ready modeling, and scalable efficiency.
- Bridge AlternativescoreBridge Alternatives, a leading provider of fund administration, OCFO, and back-office solutions, partnered with Cascata to deliver automated waterfall solutions. Cascata's PE Suite integrated into Bridge's service offerings for greater accuracy, efficiency, and transparency.
- Ultimus LeverPoint Private Fund SolutionscoreStrategic partnership to launch uWaterfall platform powered by Cascata technology. Combines Ultimus fund administration expertise with Cascata's automated waterfall calculations for seamless data transfer, automated high-precision calculations, and full-formula transparency for alternative asset clients.
- 4Pines Fund Servicesmajor4Pines, a leading alternative investment fund administrator, partnered with Cascata to deliver modern digital experience for back-office carried interest, management fee and expense accounting for clients spanning PE, private credit, real estate, hedge funds and hybrid funds.
- Inveniam Capital PartnersstrategicStrategic alliance integrating Cascata PE Suite with Inveniam's blockchain platform. Sets new industry standard surpassing Excel spreadsheets to deliver cost efficiencies, scalability, transparency, and trust in waterfall accounting with blockchain-anchored audit trail.
- Socium Fund Services (Suntera Global)coreSocium Fund Services, specializing in private equity, private credit, real estate, and venture capital fund administration, partnered with Cascata to deliver carried interest, management fee, and expense accounting services. Reports up to 45% efficiency improvements.
- ZEDRAcoreZEDRA, provider of Global Expansion, Active Wealth, Pensions & Incentives, and Fund Solutions, partnered to deliver smart waterfall automation leveraging Cascata Platform. Clients achieve 40%+ efficiency gains with standardized accounting best practices.
- EFSImajorEFSI, a leading alternative investment fund administrator, partnered to deliver advanced digital experience for back-office carried interest, management fee and expense accounting administration for EFSI's clients.
- ClairacorePartnership with Claira LLC, a next-gen AI company specializing in legal contract understanding. Uses advanced AI and data science to analyze Limited Partner Agreements, automatically extracting relevant fund terms and economic details to construct waterfall models. Claims 70%+ improvement in implementation time.
- SteelBridge ConsultingminorSteelBridge is an independent boutique fund advisory service provider offering customized services and solutions to the global private capital industry. Listed as a partner on Cascata Solutions partners page.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Cascata Solutions competitors and assessment
Company assessmentBroad incumbents
- eFront (BlackRock): eFront, part of BlackRock, provides end-to-end alternatives investment management software for PE, real estate, infrastructure, and private debt. Competes broadly in PE fund administration technology with a much wider product suite.
- SS&C Advent (Geneva): SS&C's Advent and Geneva platforms serve hedge funds, private equity, and asset managers with full fund accounting, reconciliation, and reporting suites. Broad incumbent offering waterfall and carry capabilities as part of a larger financial software portfolio.
- Finastra: Finastra provides large-scale financial software solutions across banking, capital markets, and asset management. Broad incumbent serving financial institutions with technology that overlaps in fund accounting and reporting.
Emerging players
- Carta: Carta provides cap table management, fund administration, and equity valuation for private markets. Emerging player in PE/VC fund operations with partial overlap in fund administration technology, though focused more on cap table and LP management than waterfall calculations.
- LemonEdge: LemonEdge offers investment accounting and fund administration software for asset managers, fund administrators, and PE firms. Emerging player with overlapping waterfall and fund accounting capabilities for the alternatives market.
- iCapital Network: iCapital operates a platform for alternative investments, including feeder fund structures, carried interest processing, and LP onboarding. Emerging player addressing adjacent parts of the PE fund administration workflow.
Others
- Passthrough: Passthrough provides investor onboarding, AML/KYC, and subscription document processing for private funds. Adjacent service to Cascata's waterfall and fund administration technology, addressing the broader PE back-office workflow.
Direct peers
- Allvue Systems: Allvue provides software for private capital fund managers and fund administrators, including fund accounting, waterfall calculation, and investor reporting. Direct peer in the PE fund administration software category, with overlapping waterfall and carry calculation capabilities.
- Juniper Square: Juniper Square is a fund management platform for private equity GPs and their LPs, offering investor reporting, capital account management, and fund administration workflows. Comparable in serving PE fund managers and administrators with cloud-native software.
- FundCount (Edgewater): FundCount offers fund accounting, investor accounting, and waterfall calculation software for hedge funds, PE firms, and fund administrators. Direct peer targeting the same back-office fund accounting and carry calculation workflow.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Cascata Solutions financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cascata Solutions leadership team
Management profileNumber of profiles
Profiles4 records
Cascata Solutions funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cascata Solutions M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cascata Solutions
What does Cascata Solutions do?
Cascata Solutions provides a cloud-based SaaS platform, Cascata PE Suite™, that automates distribution waterfall and carried interest calculations for private equity fund managers and fund administrators, replacing manual Excel-based processes. The platform features a proprietary high-precision calculation engine, drag-and-drop model construction, conditional user-defined rules, full-formula Excel transparency, and hypothetical scenario analytics. The company also offers a Shadow Distribution Waterfall Administration verification service and AI-powered LPA document understanding via a Claira partnership.
Is Cascata Solutions a public or private company?
Cascata Solutions is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Cascata Solutions founded?
Cascata Solutions was founded in 2014. It employs 11 to 50 people.
Where is Cascata Solutions based?
Cascata Solutions is headquartered in New York, United States, in the North America region.
How does Cascata Solutions make money?
Two revenue lines are on record. Software Platform Subscription is the primary driver. The others are shadow Waterfall Administration Services.
Who are Cascata Solutions's main competitors?
Broad incumbents on record are eFront (BlackRock), SS&C Advent (Geneva) and Finastra. Emerging players are Carta, LemonEdge and iCapital Network. Passthrough is listed as an others. Direct peers are Allvue Systems, Juniper Square and FundCount (Edgewater).
Does Cascata Solutions have an API?
Yes. Cascata PE Suite™ offers a powerful API for swift integration into existing back office software. The platform features a drag-and-drop interface for dynamic waterfall model construction, supports Import/Export Utility for easy data integration, and is described as source system agnostic. Additional technical integrations include Investran SDK and API integration capabilities, SQL Server technologies including SSRS and SSIS, and web service and ETL development. The platform supports a flexible, rule-based ETL (Extract, Transform, Load) layer for data integration and enrichment.
What industry is Cascata Solutions in?
Cascata Solutions's product category is Private Equity Fund Administration Software. Its primary akta.pro industry code is BPAHALAM, Pricing, Revenue & Commercial Analytics, with a secondary code of HDAEAKAB, Enterprise PaaS (App Runtime & Managed Application Platforms). Its NAICS code is 5132 and its SIC code is 7370.