Overview
Hanover Park, an AI-native fund administrator with $1.5B+ in AUA, partnered with Meow to give its VC fund clients fast account openings, multi-entity dashboards, and yield on idle operating cash.
Hanover Park is an AI-native fund administrator specializing in venture capital with over $1.5 billion in assets under administration. The firm partnered with Meow to modernize banking infrastructure for its fund clients, providing multi-entity dashboards, real-time cash visibility, native APY on operating funds, and enhanced FDIC insurance through IntraFi network banks. CEO Chris Hladczuk cited seamless account openings, white-glove service, and the ability to boost fund IRR through passive yield as key outcomes of the partnership.
Q&A with Chris Hladczuk
The following is an interview with Chris Hladczuk, CEO of Hanover Park, an AI-native fund administrator specializing in venture capital. The conversation covers why Hanover Park sought a new banking partner for its fund clients and how the Meow partnership has improved operations. Chris was not compensated for this interview.
The Problem
“Banking and treasury services are a big point of friction in fund administration. Meow gives Hanover Park an advantage by enabling seamlessly speedy account openings, APY on operating funds, and an easy multi-entity experience.”
- Chris Hladczuk, CEO, Hanover Park
- Q: Why did Hanover Park seek a new banking partner for its clients?
- Every client has different needs. But for most firms, opening accounts for fund customers is a nightmare. It can take days, weeks, or months. We kept seeing the same problem across funds: disjointed financial systems, no visibility into cash across multiple entities, and a shocking lack of yield on operating cash. Most funds were still using institutions that were fine for checking a balance, but not built to support the complexity of modern fund operations. Worse, they were earning close to 0% on their operating accounts.
The Partnership
- Q: What made Meow the right partner for Hanover Park?
- For managers, Meow checked many boxes — the ability to easily add new fund entities, multi-entity support, true 24/7/365 visibility into fund cash positions, native APY on operating funds, and enhanced FDIC insurance coverage through insured cash sweeps. And the service matched the product. We get direct lines of communication to the Meow team, and ability to integrate custom APIs to help streamline onboarding and money movement. We have a shared commitment to making this feel like the best experience for our clients.
The Outcome
- Q: What's the bottom-line impact of the partnership with Meow?
- Funds on Meow are earning yield passively which boosts their IRR, getting better customer service than they've ever had, and spending less time dealing with back-office headaches. This partnership makes our clients stronger, and that's our goal.
“Our funds now have the ability to enable banking infrastructure that matches their ambition. Meow gave us an edge — modern workflows, real-time visibility, and white-glove service across every entity.”
- Chris Hladczuk, CEO, Hanover Park
Key Facts
Hanover Park administers over $1.5 billion in assets for venture capital funds.
Hanover Park's fund clients previously earned close to 0% on operating cash at legacy banks.
Meow provides Hanover Park's clients with multi-million-dollar FDIC insurance through participating IntraFi network banks.
Meow enables same-day entity onboarding for Hanover Park's fund clients, replacing a process that previously took days or weeks.
Funds on Meow earn passive yield on operating cash, boosting fund IRR without active treasury management.
From the Meow team
“Hanover Park represents the future of fund administration — AI-native, operationally excellent, and laser-focused on their clients. We built Meow to be the banking layer that firms like theirs deserve.”
— Meow Team, Meow Technologies
Before Meow
Before Meow, Hanover Park's fund clients used legacy banking institutions that took days or weeks to open accounts, offered no visibility across multiple entities, and paid close to 0% on operating cash. These banks were adequate for checking balances but not built to support the complexity of modern multi-entity fund operations.
Hanover Park is an AI-native fund administrator with over $1.5 billion in assets under administration. The firm partnered with Meow to give its venture capital fund clients faster account openings, multi-entity dashboards, native APY on operating cash, and enhanced FDIC insurance through IntraFi — replacing legacy banking infrastructure that lacked visibility and yield.
Features
How they use Meow
Granular access and approvals across all fund entities from a single platform, giving Hanover Park real-time visibility into every client's cash position.
Funds earn yield passively on operating balances, boosting IRR without any active treasury management.
New fund entities are onboarded in days instead of weeks, with custom API integrations to streamline the process for Hanover Park's workflows.
Common questions from fund / vc operators
Meow Technologies is a financial technology company, not a bank. The banking services described in this case study are provided by Grasshopper Bank, N.A.; Members FDIC. The FDIC's deposit insurance coverage only protects against the failure of an FDIC-insured bank.
The case studies discussed herein were selected based on objective non-performance based criteria and are provided for illustrative purposes. There is no guarantee Meow will find similar opportunities in the future.
While the information prepared in this message is believed to be accurate, we make no express warranty as to the completeness or accuracy of the information. Actual results may vary depending on various market conditions.
The individual interviewed herein has not been compensated for sharing his opinion and experience with Meow. Any compensation creates a conflict of interest, and the interviewee’s comments may not be representative of any other person’s experience with Meow.
