April 24, 2025
Head of Marketing
ZURICH – 24th April 2025 – Norwegian fund administration provider ASK Business Management has partnered with qashqade, the global leader in rule-based waterfall and fee calculation software. The collaboration brings qashqade’s capabilities to the Norwegian market for the first time, delivering a powerful alternative to spreadsheets and enabling a new level of precision and professionalism in fund operations.
Through this partnership, ASK is integrating qashqade’s calculation engine into its fund administration suite of tools, making it easier than ever for fund managers in Norway to handle even the most complex waterfall and fee calculations. No more spreadsheets, no more guesswork. Just automated logic, built directly on the terms of the legal contracts that govern each fund.
“We’ve always built our services around what our clients really need,” says Nils Rynning Mork, CRO at ASK. “And one thing we kept hearing was how important it is to get carried interest and fee calculations right. It’s a sensitive area: it has to be accurate, and it has to be trusted. qashqade stood out because it can deliver just that, and it fits right in with how we work.”
ASK is known for its full range of services for private market funds in Norway, covering accounting, legal, and SaaS-based tools. The qashqade integration further enhances ASK’s white-label Investor Portal, which allows fund managers to embed secure data rooms, reporting tools, and now sophisticated waterfall outputs directly into their branded investor environments.
This move positions ASK as the trusted partner for fund managers of all sizes, from first-time GPs to established firms with complex structures and demanding reporting requirements, scaling their operations.
“This is about trust at the end of the day,” Jørgen Axelsen, CEO and Co-Founder of ASK states. “That’s what our clients are really paying for – knowing that everything’s being handled properly, with full transparency. qashqade helps us deliver the best solutions to fund managers’ most complex challenges, which is our core mission.”
Oliver Freigang, CEO at qashqade, adds: “We’re thrilled to be partnering with ASK as they continue to raise the standard for fund administration in Norway. Their strong local presence, combined with our proven technology, creates a compelling offer for fund managers at every stage. Our mission has always been to provide clarity and control in a space where accuracy truly matters – and together with ASK, we can deliver exactly that.”
The partnership is already live, with ASK and qashqade onboarding their first Norwegian fund onto the platform. It’s a strong example of how operational excellence can build trust and credibility from day one – helping funds stand out in an increasingly competitive market.
ASK Business Management is an independent fund administration service that provides accounting, legal expertise and SaaS-solutions for funds in the Nordics.
At the core of ASKs services is their innovative white-label investor portal, that lets funds incorporate powerful tools for investor communication, on their own websites.
Engineered in Switzerland by private markets experts, qashqade guarantees accuracy, improves transparency and builds trust between GPs, LPs and their beneficiaries. It does this through an award-winning enterprise product suite that streamlines and automates fee and waterfall calculations and reporting for private funds, replacing manual processes and unstable spreadsheets. The qashqade platform offers CFOs a modular solution that can handle any asset class and any level of complexity. Headquartered in Zürich, qashqade also has offices in New York, London, and Budapest.
