Hanover Park is an AI-native fund administrator built from scratch for private equity and venture capital firms. It replaces the patchwork of spreadsheets, legacy software, and manual processes that traditional fund admins rely on. The core is a proprietary general ledger it owns end-to-end — layered on top are AI agents that read emails, categorize cash, propose journal entries, and reconcile portfolios automatically, while human CPAs review every output before it's finalized. From that ledger position, Hanover Park bundles adjacent tools that firms previously bought separately: a waterfall engine, LP investor portal, KPI collection, and portfolio management dashboard. The model is "AI-enabled services" — clients pay for an outcome (their fund books are accurate, real-time, and auditable), not just a software license. Founded in 2024 by Chris Hladczuk (CEO, ex-Meow CRO) and Nick Puljic (CTO), both Forbes 30 Under 30, the company targets VC, PE, private credit, family offices, and fund-of-funds that want institutional-grade back-office operations without the cost and lag of legacy providers like SS&C or Apex.