Palace

Palace (palace.so) is an AI board observer that private market investors use to monitor+report on portfolio companies. We save investment teams 100's of hours every quarter on manual data entry and provide real-time analytics across their portfolio.

High-Level Overview

Palace is a technology company that provides operational intelligence and unified reporting solutions specifically designed for private equity (PE) funds and PE-backed companies. Its platform streamlines investment monitoring and reporting workflows, enabling private market investment funds to operate faster and smarter by automating data collection, standardizing reporting, and improving team collaboration. This reduces the manual effort typically required to manage portfolio company reporting, saving deal teams significant time each month.

For investment firms, Palace’s mission is to enhance the efficiency and insight of private market investments through technology, supporting smarter decision-making and operational excellence. The platform serves PE funds and their portfolio companies by addressing the cumbersome and error-prone process of financial and operational reporting. By simplifying these workflows, Palace helps funds focus on value creation rather than administrative overhead, positively impacting the startup ecosystem by enabling more agile and data-driven investment management.

For portfolio companies, Palace builds a reporting automation and monitoring product that serves CFOs, finance leaders, and investment teams. It solves the problem of fragmented, manual, and inconsistent reporting by providing a single platform that automatically requests, collects, and validates financial and operational data. This improves transparency, accuracy, and timeliness of reporting, supporting portfolio companies’ growth momentum by facilitating better communication and alignment with investors.

Origin Story

Palace was founded in 2025 by Leeds Rising and Derek Ye, both experienced in building and scaling technology platforms for institutional asset managers and enterprise data workflows. Leeds has a background working with large asset managers and on platforms like Bloomberg’s knowledge graph, Golden, and Alchemy, while Derek has engineering leadership experience at Amazon, Workday, and AI startups. Their combined expertise in fintech, asset management, and data workflows inspired the creation of Palace to address inefficiencies in private market investment reporting.

The idea emerged from firsthand experience with the time-consuming and error-prone manual processes investment teams face when coordinating reporting across portfolio companies. Early traction came from deploying solutions at funds managing billions in assets, validating the platform’s value in real-world investment operations.

Core Differentiators

• Unified Platform: Palace consolidates investment monitoring and reporting into a single system, replacing fragmented email and spreadsheet workflows.
• Automation: Automatically requests and collects reporting data from portfolio companies, reducing manual follow-up and errors.
• Data Validation: Ensures consistency and accuracy by checking accounting standards and historical financials across reports.
• Time Savings: Saves deal leads 15+ hours per month, accelerating decision-making and freeing resources.
• Experienced Founders: Leadership with deep fintech and asset management technology backgrounds, ensuring product-market fit.
• Scalability: Designed to support funds managing billions in assets and multiple portfolio companies simultaneously.
• Collaboration: Keeps investment teams in sync with streamlined workflows and centralized data access.

Role in the Broader Tech Landscape

Palace rides the growing trend of digitization and automation in private markets, where increasing deal volume and complexity demand more efficient operational tools. The timing is critical as private equity and venture capital funds seek to leverage data-driven insights and reduce manual overhead to stay competitive. Market forces such as the rise of alternative investments, regulatory scrutiny, and demand for transparency favor platforms like Palace that enhance operational intelligence.

By improving reporting workflows, Palace influences the broader ecosystem by enabling faster, more informed investment decisions and better portfolio company management. This contributes to a more efficient capital allocation process and supports the scaling of innovative startups through improved investor-portfolio communication.

Quick Take & Future Outlook

Looking ahead, Palace is positioned to expand its platform capabilities, potentially integrating advanced analytics, AI-driven insights, and broader operational data beyond financial reporting. Trends such as increased regulatory requirements, ESG reporting, and real-time portfolio monitoring will shape its evolution.

As private markets continue to grow and demand smarter operational tools, Palace’s influence is likely to deepen, becoming a critical infrastructure provider for PE funds and their portfolio companies. Its founders’ strong fintech and technology backgrounds suggest continued innovation and scaling, potentially expanding into adjacent asset classes or global markets.

In summary, Palace is a timely, founder-led fintech company transforming private equity operational intelligence by automating and unifying reporting workflows, enabling funds and portfolio companies to operate more efficiently and insightfully.