Quick answer: The two best-in-class AI document ingestion tools for fund and alternative asset data are Canoe Intelligence and Arch. Both are purpose-built for the private-markets paperwork problem, and at MyFO we partner with both. In many cases, though, clients just use MyFO directly, our own technology ingests fund and alternative-asset documents natively, and we've built performance calculators, forecasting, and reporting on top of that extracted data. The right choice depends on how much complexity you're managing.

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What it does

Private-market investing produces a constant stream of unstructured paperwork, K-1s, capital call notices, distribution notices, and statements, arriving from dozens or hundreds of GPs in inconsistent formats. AI document ingestion tools read those documents, extract the key figures (commitments, called capital, distributions, NAV, cost basis), and turn them into structured, reporting-ready data. The real differentiator between tools is what happens after extraction.

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The two best-in-class specialists

Canoe Intelligence has built its own proprietary large language model, trained on alternatives documents, to automate collection and data extraction across a very large network of GP and administrator portals. It's the strongest fit for institutions and large allocators processing documents at high volume.

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Arch is "the digital admin for private investments," with deep roots in family offices. It automates K-1 collection, cash-flow tracking, and reporting, leaning on a back-office support team to service accounts and handle the manual work. It suits LPs who want a dedicated, human-supported private-markets back office.

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Where MyFO fits

MyFO uses its own technology to ingest fund and alternative-asset documents and link the data straight to the right entity and asset. Performance calculators (IRR, TVPI, DPI) are built on top of that extracted data, so the numbers become usable the moment they land, no separate silo, no re-keying. This works great for families with less than 50 alternative investments. For higher volume investments and the need for high touch back office support, we partner with Canoe or Arch depending on the client's needs.

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So which is the best?

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The best tool is the one built for your job:

• For most family offices, MyFO is enough, it ingests documents and turns them into structured, entity-linked data with calculators, forecasting, and reporting in one system.
• Canoe is best for institutions needing high-volume, LLM-powered extraction into an existing reporting stack.
• Arch is best for LPs who want a back-office-supported private-markets admin service.

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For families with truly institutional-scale books, we partner with Canoe and Arch. For everyone else, MyFO handles it in house.

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FAQ

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Can MyFO accurately extract data from K-1s and capital call notices?
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Yes, modern OCR and AI reliably pull key figures, with a review step for edge cases. In MyFO, those values feed straight into performance calculators.

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Do I need a separate tool if I already use a portfolio platform?
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Increasingly, no. A platform that ingests documents natively removes the burden of connecting a standalone extractor to your reporting system.

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MyFO is the unified operating system for family offices. Book a demo.

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