Inside Hanover Park: Building an AI-Native Service Business, Growing to $15B in Assets
About this episode
Chris Hladczuk discusses the growth and innovations at Hanover Park, an AI-native fund administrator, following their recent Series A funding.
Chris Hladczuk is the Co-founder and CEO of Hanover Park, the AI-native fund administrator, vertically integrating fund administration, portfolio management, and LP experience for finance and investment teams. Chris is the 2nd ever returning guest of the show, and is fresh off announcing Hanover’s $27m Series A. We go inside the round, their explosive growth, why they built their own general ledger from scratch, and how that enabled them to build incredible AI products for investment firms that touch over $100 trillion in assets. Thanks to Sahil Bloom, and Chad + Pratyush at Susa for help brainstorming topics for this conversation. Thank you to Numeral and Flex for supporting this episode. Try Numeral, the end-to-end platform for sales tax and compliance: https://www.numeral.com Sign-up for Flex Elite with code TURNER, get $1,000: https://form.typeform.com/to/Rx9rTjFz Timestamps: (0:37) Financial infrastructure for investment firms (1:35) Hanover Park’s $27m Series A (5:30) AI-enabled services businesses (9:07) Productizing the service layer (11:30) Helping CFO’s and investors use AI (13:46) Building a general ledger from scratch (18:03) Compete against companies with IT…
People in this episode
Host: Turner Novak
Guest: Chris Hladczuk
Topics covered
- AI-native service business
- fund administration
- investment firms
- Series A funding
- general ledger
- AI products
- financial infrastructure
Keywords
- AI-native
- fund administration
- investment
- Series A
- general ledger
- portfolio management
- financial technology
Sponsors
Numeral, Flex
Mentioned in this episode
Organizations: Hanover Park, Sahil Bloom, Susa
More episodes of The Peel with Turner Novak
- Cursor + Kalshi Seed Investor on Spotting Outlier Talent | Ali Partovi, Neo
- The $5B Venture Growth Buyout Playbook | Alex Israel, Metropolis
- How Agentic AI is Reshaping Science, Education, and the Economy | Karthik Duraisamy at the University of Michigan
- How US Healthcare Actually Works, the WWII Tax Loophole that Broke it Forever, and How AI Can Fix it | Nikhil Krishnan, Out of Pocket
- Sophia Amoruso on Bootstrapping Nasty Gal to $120M Revenue, Turning Down $400M, Declaring Bankruptcy, Public Failure, Starting Trust Fund to Back Other Founders
- Footwork’s Secret Sauce | Mike Smith and Nikhil Basu Trivedi
Explore listener stats, chart rankings, contacts and more on the The Peel with Turner Novak podcast page.