Tech provider profile: Qashqade
Overview
Qashqade was founded in early 2018 with the objective to allow private market companies and their investors to calculate their waterfall and carried interest in a fully automated system. Qashade replaces manual, error-prone spreadsheets and allows a direct communication between general partners and limited partners about the terms and the potential payout.
- Provider type
- Software provider
- Functions
- Middle office, Back office, Investor relations
- Services offered
-
- Accounting
- Cap table management
- Document & data automation
- LP data
- Geographies
- Europe, US, Asia
- Year founded
- 2018
- Team size
- 42
- Number of offices
- 4
- Office locations
- Zurich, London, Budapest, New York City
- Clients serviced
- General Partners, Limited Partners
- Access model
- Web portal, Standalone app, API, Consultancy services
- Integrations
- Investran, Entrilia, all fund accounting platforms
Key team members
Oliver Freigang
CEO & co-founder
Gregor Kreuzer
CPO & co-founder
István Lajtai
Head of advisory
Insights
5 minutes with… Oliver Freigang and Gregor Kreuzer, founders of qashqade
We spoke to the CEO and CPO of qashqade to discuss waterfall and carry calculations, and find out more about how the company is automating them
Client details
- Total Number of PE clients
- 40
- Average length of client relationship
- 3 years
- Growth in PE clients last 12 months vs previous period
- +15%
- Number of Europe-headquarted PE clients
- 20
- PE clients breakdown
- 20 EU clients, 18 US clients, 2 ROW clients
What users say
Qashqade calculates performance fees (carry) extremely well - no bugs in calculation and it can capture many different carry calculations by simply selecting the required user options, with no coding required.
UK fund manager
The feature of Qashqade we have found most impactful is its ability to calculate preferred return and carry within minutes both at a fund level and at an individual LP level, where side letters impact the calculation. It was easily integrated with our current software. We are able to, at the click of a button, calculate where a fund is in its waterfall calculation at the end of each quarter.
US fund manager
Great system interface, and a very competent and reliable team who go for miles to support us in our delivery to the client. I can highly recommend Qashqade for waterfall calculations.
EU fund manager
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