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Company Research Report: Cobalt, a FactSet Company

Company Overview

Name: Cobalt, a FactSet Company

Mission: Cobalt aims to redefine portfolio monitoring for private capital markets by offering intuitive, user-centric solutions that fuse business intelligence with cutting-edge technology.

Founded: 2011

Founders: A team of industry insiders and technology visionaries (Names not specified)

Key People:

Jason Weinstein, Chief Executive Officer

Kelli Stauff, VP of Finance

Emily Monaghan, Chief Technology Officer/Chief Product Officer

Mike Roth, VP of Product

Viktor Holmqvist, VP of Engineering

Joseph Maki, VP of UX

Headquarters: No specific headquarters location mentioned.

Number of Employees: No information is available.

Revenue: No information is available.

What the Company is Known For: Cobalt is widely recognized for its self-service portfolio monitoring solutions specifically designed for the private capital markets. The company is known for integrating advanced performance analytics, seamless data collection, and flexible reporting dashboards into a user-centric platform.

Products

Portfolio Monitoring Solution

High-Level Description: A self-service, intuitive platform that enables efficient portfolio monitoring for private capital markets. Designed for various stakeholders, including management teams, partners, investment professionals, and investor relations.

Key Features:

User-centric design with enhanced user management permissions and controls

Advanced performance analytics for cash flow calculations, modeling, track record and attribution analysis, peer analysis, scenario modeling, PME benchmarking, and deal scoring.

Seamless data collection and flexible reporting dashboards.

Built-in Excel plugin for valuation modeling, financial statements, and custom reporting.

Integration with CRM systems, data platforms, accounting systems, and third-party fund administrators via Cobalt API and data delivery services.

Benchmarking Data

High-Level Description: Offers market-leading datasets sourced from Cobalt’s proprietary research and Hamilton Lane, providing insights into peer performance, fundraising, and LP investment trends.

Key Features:

Cobalt Performance Benchmarks

Deal Benchmarks: Performance metrics, acquisition and current multiples, leverage levels, and more.

Fundraising Data: Historical fundraising data and funds in/coming to market.

LP Insights: Data on private equity portfolio holdings from 3,500 LPs and 63,000 unique investments.

Managed Data Services

High-Level Description: A white-glove service for data collection to provide GPs with accurate portfolio company data.

Key Features:

Automated data collection with a human touch to ensure accuracy and flexibility.

Custom data collection templates, secure data requests, and automated email sequences.

Centralized status dashboard and document storage.

Support from dedicated data specialists.

Recent Developments

Product Launches & Features

Recent Platform Release: Cobalt’s latest platform release has leap-frogged industry standards, offering improved usability and configuration.

Excel Plugin: New plug-in built for automating ILPA templates, valuation modeling, financial statement development, and various reporting needs.

New Partnerships

Alvarez & Marsal: Partnership to optimize the platform for shared clientele in the alternative asset management industry.

FD Fund Administration: Strategic relationship to enhance data collection, analysis, and reporting on fund and portfolio performance data.

it|venture: Partnership to deliver technology solutions and professional services to private capital firms.

Lionpoint: Partnership to help clients enhance portfolio analysis capabilities by integrating technology with investing processes.

Steelbridge: Partnership to provide holistic solutions for private capital firms.

Standish: Partnership to automate cash flow data ingestion and support portfolio company data collection.

Strata: Partnership to deliver integrated middle- and back-office services with the Cobalt platform.

New Clients and Announcements

Maguar Capital: Selected Cobalt for portfolio monitoring (March 2024).

Oquendo Capital: Selected Cobalt for portfolio monitoring (August 2023).

Vance Street Capital, ACME Capital, Patron Capital, Forgepoint Capital, Torch Capital, Declaration Partners, Real Ventures: Selected Cobalt for portfolio monitoring (August 2021 - 2024).