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Parapet
Parapet is a asset manager based in New York, founded 2017; the Altss profile covers its classification, headquarters, registration, AUM band, and key contacts...
General information
Firm type
Asset Manager
Year founded
2017
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Sector focus
Frequently asked questions
What does Parapet's platform actually do for fund managers?
Parapet automates the legal and operational steps required to form a private investment fund — entity structuring, subscription document execution, investor accreditation verification, KYC/AML checks, and ongoing compliance tracking. The platform generates limited partnership agreements from templates, processes capital calls and distributions, and maintains audit trails for regulatory filings. This replaces manual workflows that traditionally required coordination between external law firms, fund administrators, and in-house operations teams.
Is Parapet a registered investment advisor or just a software vendor?
Parapet is an SEC-registered entity, which distinguishes it from generic software providers serving the financial industry. Its own regulatory status means the compliance infrastructure it sells is built by a firm operating under the same oversight framework as its asset manager clients. This structure embeds regulatory accountability into the product itself, rather than outsourcing compliance design to software engineers without fiduciary obligations.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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