Anduin

Anduin licenses a software-as-a-service platform that digitizes the workflow around private-fund subscriptions. The suite includes a marketer-facing data room for sharing fund documents, an electronic subscription-document module that replaces paper closing books, and a reusable LP profile library that stores an investor's accreditation and KYC details for use across multiple fund raises. The firm describes the stack as the transaction infrastructure that lets a limited partner subscribe to a venture capital, private equity or hedge fund with the same ease as trading a public security.

Anduin publicly states it works with venture capital, private equity and hedge funds. The platform’s capital-raised and funds-served metrics aggregate activity across all three categories, and the firm’s marketing materials do not indicate a bias toward any one asset class. The underlying subscription workflow — LP intake, accreditation, documentation, execution — is structurally similar enough across those verticals that Anduin treats them as a single addressable market.

The firm is led by chief executive officer Eliot Hodges. The chairman and co-founder is Joe Lonsdale, who co-founded Palantir and runs the venture firm 8VC. Alin Bui, the other co-founder, serves as chief operating officer, and Binh Nguyen is listed as chief technical officer. Anduin also names three advisors on its website: Lauren Iaslovits, Jeff Gelfand and Bill Murphy — all of whom have backgrounds in the private-funds or adjacent technology industries.

No. Anduin is a technology provider — it does not manage a fund, hold client assets or make investment decisions. The platform is a workflow tool used by general partners and their law firms and administrators to collect and process investor commitments. Anduin’s cumulative $255 billion figure represents the total capital that has been raised through its subscription documents, not assets under management.